Reported Q: Q3 2024 Rev YoY: -20.7% EPS YoY: -111.3% Move: +0.04%
Oxford Square Capital
OXSQZ
$25.20 0.04%
Exchange NASDAQ Sector Financial Services Industry Asset Management
Q3 2024
Published: Nov 7, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for OXSQZ

Reported

Report Date

Nov 7, 2024

Quarter Q3 2024

Revenue

10.34M

YoY: -20.7%

EPS

-0.01

YoY: -111.3%

Market Move

+0.04%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $10.34M down 20.7% year-over-year
  • EPS of $-0.01 decreased by 111.3% from previous year
  • Gross margin of 100.0%
  • Net income of -874.54K
  • ""For the quarter ended September, Oxford Square's net investment income was approximately $6.2 million or $0.10 per share compared with $7.7 million or $0.13 per share in the prior quarter."" - Jonathan Cohen
OXSQZ
Company OXSQZ

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Executive Summary

Oxford Square Capital Corp 6 (OXSQZ) reported Q3 2024 results characterized by subdued quarterly net investment income and a small net loss, framed against a backdrop of a modestly improving U.S. leveraged loan market. Net investment income reached approximately $6.2 million ($0.10 per share), down from $7.7 million ($0.13) in the prior quarter, while total investment income was about $10.3 million. The quarter yielded combined net unrealized and realized losses on investments of roughly $7.1 million ($0.11 per share), widening versus the prior quarter’s $2.5 million ($0.04 per share) loss. Despite the weaker quarterly earnings, the company generated positive operating cash flow of about $5.24 million and finished the quarter with cash and equivalents of roughly $43.2 million, supporting liquidity and distributions. Oxford Square issued ~5.1 million common shares via an at-the-market program for net proceeds of about $14.5 million, and the Board declared monthly distributions of $0.035 per share for January–March 2025, underscoring a measured, ongoing capital return policy. The quarter’s performance highlights the sensitivity of earnings to loan-price movements and fair-value adjustments, even as the permanent-capital structure supports a longer-term, opportunistic approach to portfolio management. Management notes improving loan pricing dispersion by rating and a still-elevated distress environment driven by restructurings and buybacks outside traditional default-rate measures. Looking ahead, the company emphasizes continued portfolio-management discipline and the ability to sustain distributions, while monitoring U.S. loan-market dynamics and liquidity access as key drivers of performance.

Key Performance Indicators

Revenue
Decreasing
10.34M
QoQ: -9.65% | YoY: -20.73%
Gross Profit
Decreasing
10.34M
1.00% margin
QoQ: -9.65% | YoY: -20.73%
Operating Income
Decreasing
8.29M
QoQ: -10.91% | YoY: -22.63%
Net Income
Decreasing
-874.54K
QoQ: -116.63% | YoY: -113.07%
EPS
Decreasing
-0.01
QoQ: -115.57% | YoY: -111.25%

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