Oxbridge Re Q2 net loss $85k; SurancePlus token offering raises $2.45M; SPAC merger closed

OXBRIDGE RE HOLDINGS Ltd

2023-Q2 EPS reported $0.01 revenue$1,237,000

Q2 2023 net loss of $85,000 ($0.01 per share) vs net income of $77,000 ($0.01 per share) in Q2 2022.
H1 2023 net profit of $57,000 ($0.01 per share) vs net loss of $310,000 ($0.05 per share) in H1 2022; no losses incurred.
SurancePlus private placement of digital tokens raised $2.45M gross; includes ~$1.17M from Oxbridge, tokens represent fractional reinsurance interests.
Oxbridge Acquisition Corp. (OXAC) closed business combination with Jet.AI Inc.; now trades as JTAI on Nasdaq.
Cash and equivalents $3.5M at June 30, 2023 vs $3.9M at Dec 31, 2022; no debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OXBRIDGE RE HOLDINGS Ltd reported three and six months ended June 30, 2023 results: net income net loss of $85,000 or $(0.01) per basic and diluted common share, EPS $(0.01) per basic and diluted common share.

Period: three and six months ended June 30, 2023
Net income: net loss of $85,000 or $(0.01) per basic and diluted common share
EPS: $(0.01) per basic and diluted common share
Result: reported results

Exact text from the filing

For the three months ended June 30, 2023, the Company generated a net loss of $85,000 or $(0.01) per basic and diluted common share compared to net income of $77,000 or $0.01 per basic and diluted common share in the second quarter of 2022.

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Source: SEC EDGAR

accession 0001493152-23-028385

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