Reported Q: Q2 2024 Rev YoY: -15.3% EPS YoY: -62.3% Move: +0.04%
Oxford Square Capital
OXSQZ
$25.20 0.04%
Exchange NASDAQ Sector Financial Services Industry Asset Management
Q2 2024
Published: Aug 14, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for OXSQZ

Reported

Report Date

Aug 14, 2024

Quarter Q2 2024

Revenue

11.45M

YoY: -15.3%

EPS

0.09

YoY: -62.3%

Market Move

+0.04%

Previous quarter: Q1 2024

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

  • Revenue of $11.45M down 15.3% year-over-year
  • EPS of $0.09 decreased by 62.3% from previous year
  • Gross margin of 100.0%
  • Net income of 5.26M
  • ""For the quarter ended June, Oxford Square's net investment income was approximately $7.7 million or $0.13 per share compared with $6.5 million or $0.11 per share in the prior quarter. Our net asset value per share stood at $2.43 compared to a net asset value of $2.42 for the prior quarter. During the quarter, we distributed $0.105 per share in common stock distributions."" - Jonathan Cohen
OXSQZ
Company OXSQZ

Swipe to view all report sections

Executive Summary

Oxford Square Capital Corp 6 (OXSQZ) delivered a solid second quarter, supported by stable net investment income and a stable net asset value, despite a modestly weakened U.S. loan market. In Q2 2024, net investment income was approximately $7.7 million ($0.13 per share), up from the prior quarter’s $6.5 million ($0.11 per share), while total investment income reached about $11.4 million versus $10.7 million in Q1. Net unrealized and realized losses on investments were modest at roughly $2.5 million ($0.04 per share), a notable improvement versus $8.3 million ($0.14 per share) in the prior quarter. NAV per share rose slightly to $2.43 from $2.42, and the company paid distributions of $0.105 per share for the quarter. Management also funded growth through an ATM program, issuing ~2.9 million shares for net proceeds of about $8.9 million, while purchasing ~$28.8 million in new investments, selling ~$3.4 million, and repayments of ~$15.8 million during the quarter. On August 8, the Board declared monthly distributions of $0.035 per share for each of the months ending November, October and December 2024, underscoring the ongoing policy of regular income delivery to shareholders.

Key Performance Indicators

Revenue
Decreasing
11.45M
QoQ: 7.19% | YoY: -15.30%
Gross Profit
Decreasing
11.45M
1.00% margin
QoQ: 7.19% | YoY: -15.30%
Operating Income
Decreasing
9.31M
QoQ: 5.49% | YoY: -18.00%
Net Income
Decreasing
5.26M
QoQ: 397.39% | YoY: -54.61%
EPS
Decreasing
0.09
QoQ: 391.92% | YoY: -62.30%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 -2.00 -0.12 -118.7% View
Q4 2024 4.31 0.05 -65.0% View
Q3 2024 10.34 -0.01 -20.7% View
Q2 2024 11.45 0.09 -15.3% View
Q1 2024 10.68 -0.03 -17.5% View