Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q2 2024 Earnings Conference
Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q2 2024 Earnings Conference
Oxbridge Re reported a net loss of $821,000 for the quarter, compared to a net loss of $85,000 in Q2 2023.The following is a summary of the Oxbridge Re Holdings Limited (OXBR) Q2 2024 Earnings Call Transcript:
以下是Oxbridge Re Holdings Limited (OXBR) 2024年第二季度業績會交流摘要：
Financial Performance:
金融業績：
Net premiums earned for Q2 2024 were $564,000 compared to $183,000 in Q2 2023.
Total revenue for the quarter was $44,000, a significant decline from $691,000 in the same quarter last year.
Oxbridge Re reported a net loss of $821,000 for the quarter, compared to a net loss of $85,000 in Q2 2023.
2024年第二季度淨保費收入爲564,000美元，去年同期爲183,000美元。
本季度總營業收入爲44,000美元，較去年同期的691,000美元有顯著下降。
Oxbridge Re本季度淨損失爲821,000美元，去年同期淨損失爲85,000美元。
Business Progress:
業務進展：
Oxbridge Re has diversified its business by establishing subsidiaries like SurancePlus Inc., focused on Web3 technologies and tokenized reinsurance securities.
The company successfully merged with Jet.AI Inc., integrating new technology platforms for the aviation industry.
SurancePlus released digital tokens EpsilonCat Re, achieving significant returns, and has formed a strategic partnership with Zoniqx, a pioneer in digital asset management.
Oxbridge Re通過成立子公司（如SurancePlus Inc.）深入業務多元化，專注於Web3技術和代幣化再保險證券。
該公司成功地與Jet. AI Inc.合併，整合了航空業新技術平台。
SurancePlus推出數字代幣EpsilonCat Re，取得了重大回報，並與數字資產管理先驅Zoniqx形成了戰略合作伙伴關係。
Opportunities:
機會：
Oxbridge Re is pioneering tokenization in the RWA Web3 sector, positioning itself within a market projected to exceed $10 trillion over the next decade.
The company plans to capitalize on advancements in blockchain and digital asset management.
Strategic rebranding is anticipated to enhance market penetration and investor returns.
Oxbridge Re正在RWA Web3領域開創代幣化的先河，定位於一個市場，預計在未來十年將超過10萬億美元。
該公司計劃利用區塊鏈和數字資產管理的進步。
預計戰略性改名將增強市場滲透和投資回報。
Risks:
風險：
The portfolio experienced a disproportionate unrealized loss of $1.5 million due to re-measurement of Jet.AI investment, impacting the company's financial position.
由於對Jet.AI投資的重新計量，該投資組合出現了不成比例的未實現損失，影響了公司的財務狀況。
More details: Oxbridge Re Holdings IR
更多細節：Oxbridge Re Holdings IR
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
