earnings
confidence high
sentiment positive
materiality 0.75
Oxbridge Re Q3 net loss narrows to $540K from $7.3M; new token offerings planned
OXBRIDGE RE HOLDINGS Ltd
2024-Q3 EPS reported
-$0.37
revenue$124,000
- Net loss of $540K ($0.09/share) vs $7.3M ($1.24) in Q3 2023; nine-month loss $2.27M vs $7.2M.
- Net premiums earned $595K in Q3 (+8.4% YoY); nine-month premiums $1.71M vs $732K.
- Combined ratio improved to 83.7% in Q3 from 125.3% a year ago; cash and equivalents $4.8M.
- Plans to issue two tokenized securities tranches: high yield target 42% return, balance yield target 22%.
- Strategic partnership with Zoniqx, which has facilitated over $4B in on-chain assets.