ACIC Q2 2019 Earnings — American Coastal Insurance Corporation Revenue & Financial Results | Market Cap Arena

ACICAmerican Coastal Insurance Corporation

$554M

Q2 2019 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$205M+11.8% YoY

Gross Profit

$27M13.1% margin

Operating Income

-$4M-1.8% margin

Net Income

-$3M-1.4% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

$179M

Free Cash Flow

$176M

Stock-Based Comp.

$677,000

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.1B

Stockholders' Equity

$542M

Cash & Equivalents

$276M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$205M	$183M	+11.8%
Gross Profit	$27M	$44M	-39.0%
Operating Income	-$4M	$19M	-118.6%
Net Income	-$3M	$15M	-119.7%