American Coastal Insurance Corporation
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $68.7M | $66.6M | $48.0M | $52.5M | $73.5M | $90.3M | $-76.3M | $123.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $11.9M | $11.3M | $16.3M | $6.0M | $6.4M | $8.8M | $-5.2M | $26.4M |
| Operating Income | $24.1M | $30.6M | $20.7M | $18.3M | $21.6M | $33.3M | $97.6M | $-70.8M |
| Operating Margin | 35.1% | 45.9% | 43.1% | 34.8% | 29.4% | 36.8% | -127.9% | -57.2% |
| Interest Expense | $3.4M | $2.7M | $2.7M | $2.7M | $2.7M | $2.7M | $2.3M | $2.4M |
| Pretax Income | $24.9M | $31.4M | $21.8M | $18.1M | $22.4M | $33.8M | $106.4M | $-70.8M |
| Income Tax Expense | $5.8M | $7.7M | $3.2M | $3.0M | $1.2M | $3.5M | $-9.3M | $87.0K |
| Net Income | $19.1M | $23.6M | $14.3M | $10.6M | $17.8M | $267.3M | $-296.8M | $-70.9M |
| Net Margin | 27.8% | 35.4% | 29.8% | 20.1% | 24.2% | 295.9% | 388.7% | -57.3% |
| EPS (Basic) | $0.40 | $0.50 | $0.27 | $0.24 | $0.41 | $6.19 | $-6.89 | $-1.65 |
| EPS (Diluted) | $0.39 | $0.48 | $0.19 | $0.24 | $0.41 | $6.14 | $-6.89 | $-1.65 |
| Shares Outstanding (Basic) | 47.8M | 47.3M | 43.6M | 43.3M | 43.2M | 43.1M | 43.1M | 43.1M |
| Shares Outstanding (Diluted) | 49.4M | 49.0M | 44.4M | 44.1M | 43.8M | 43.6M | 43.1M | 43.1M |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |