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Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q1 2024 Earnings Conference

Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q1 2024 Earnings Conference

業績電話會議摘要 | Oxbridge Re Holdings (OXBR.US) 2024 年第一季度業績發佈會
富途資訊 ·  05/12 05:38  · 電話會議

The following is a summary of the Oxbridge Re Holdings Limited (OXBR) Q1 2024 Earnings Call Transcript:

以下是牛津再保險控股有限公司(OXBR)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • Increased cash and cash equivalents and restricted cash and cash equivalents to $4.3 million in Q1 2024.

  • Recorded net premiums earned of $549,000 in Q1 2024 compared to no earnings in Q1 2023.

  • Recorded a net loss of $905,000 or $0.15 per share for Q1 2024, compared to a net income of $0.02 per share in Q1 2023.

  • Total revenues for Q1 2024 were negative $125,000 with a main contributing factor being an unrealized loss of $688,000 on investments.

  • Decrease in investment portfolio to $284,000 due to sales of equity securities and a decrease in their fair value during Q1 2024.

  • 2024年第一季度,現金和現金等價物以及限制性現金和現金等價物增加到430萬美元。

  • 2024年第一季度創紀錄的淨保費收入爲54.9萬美元,而2023年第一季度沒有收益。

  • 2024年第一季度的淨虧損爲905,000美元,合每股虧損0.15美元,而2023年第一季度的每股淨收益爲0.02美元。

  • 2024年第一季度的總收入爲負12.5萬美元,主要因素是未實現的投資虧損68.8萬美元。

  • 由於股票證券的出售及其公允價值在2024年第一季度下降,投資組合減少至28.4萬美元。

Business Progress:

業務進展:

  • Optimistic about its core reinsurance business and its new venture, SurancePlus, in the real-world asset (RWA) market.

  • Successful initial token offering through a private placement, with projected returns for investors exceeding 45%.

  • No losses recorded for the contracts in force for Q1 2024, which typically lasts from June 1 to May 31 of the following year.

  • Planning a rebrand to become an RWA Web3-focused company with a potential expansion in the tokenized RWA market, which is expected to reach over $10 trillion.

  • 對其核心再保險業務及其在現實資產(RWA)市場中的新合資企業SurancePlus持樂觀態度。

  • 通過私募成功發行了首次代幣,投資者的預計回報率超過45%。

  • 2024年第一季度有效的合同沒有虧損記錄,該合同通常從6月1日持續到次年的5月31日。

  • 計劃進行品牌重塑,成爲一家專注於RWA Web3的公司,並有可能在代幣化RWA市場進行擴張,該市場預計將超過10萬億美元。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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