Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q1 2024 Earnings Conference
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。
More details: Oxbridge Re Holdings IR
更多詳情： 牛津再保險控股投資者關係
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。