OXBR Earnings Prediction
The chart below shows how OXBR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OXBR sees a -8.14% change in stock price 10 days leading up to the earnings, and a +34.23% change 10 days following the report. On the earnings day itself, the stock moves by -7.00%. This data can give you a slight idea of what to expect for the next quarter's release.
OXBR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
657.00K
5.46%
-30.18%
Gross Margin
--
--
--
Operating Margin
-13.39%
-71.82%
-265.72%
Net Margin
-82.19%
-92.99%
-5.80%
EPS
-0.09
-92.74%
-35.71%
No Data Available
OXBR Earnings Analysis
Oxbridge Re Holdings Limited Corporation (OXBR.O) Earnings Conference Call
Positive
Net Premiums Earned Growth: 1. Increased Net Premiums Earned: Net premiums earned for Q3 2024 were $595,000, up from $549,000 in Q3 2023, and for the first nine months of 2024, they reached $1.7 million, compared to $730,000 in the same period last year.
Revenue Recovery Highlights: 2. Significant Revenue Improvement: Total revenues for Q3 2024 were $205,000, a substantial recovery from negative $6.38 million in Q3 2023, and for the first nine months of 2024, total revenue was $124,000 compared to negative $5.1 million in the prior year.
Zero Loss Ratio Achievement: 3. Zero Loss Ratio: The company reported a loss ratio of 0% for both Q3 2024 and Q3 2023, indicating no losses or loss adjustment expenses incurred in either period.
Expense Ratio Improvement: 4. Decreased Expense Ratio: The expense ratio improved significantly from 125.3% in Q3 2023 to 83.7% in Q3 2024, reflecting higher premium levels and lower general administrative expenses.
Tokenized Securities Success: 5. Successful Tokenized Securities Offering: SurancePlus completed a private placement of over 287,705 participating shares, raising approximately $2.9 million, demonstrating strong investor interest and confidence in their new offerings.
Negative
Improved Net Loss: 1. Net Loss: The company reported a net loss of $548,000 for Q3 2024, compared to a net loss of $10.3 million in Q3 2023, indicating ongoing financial challenges despite improvements.
Investment Income Decline: 2. Decreased Investment Income: Net investment and other income decreased due to less cash held in money market funds, contributing to financial strain.
Investment Value Decline: 3. Unrealized Losses: The company recorded an unrealized loss of $1.93 million on other investments, reflecting a significant decline in investment value.
Investment Portfolio Decline: 4. Decline in Investment Portfolio: The investment portfolio decreased to $185,000 at September 30, 2024, down from $680,000 at the prior year-end, indicating a substantial reduction in asset value.
Rising Acquisition Costs: 5. Increased Acquisition Cost Ratio: The acquisition cost ratio increased to 11.1% for Q3 2024 from 10.9% in Q3 2023, suggesting rising operational inefficiencies despite higher premium levels.
OXBR FAQs
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OXBR Earning Call Sentiment
Oxbridge Re Holdings Limited (OXBR) Q3 2024 Earnings Call Transcript
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00:00
00:00
OXBR.O
-0.55%Positive
The earnings call presents a positive outlook with significant improvement in financial metrics, such as reduced net loss and increased cash reserves. The strategic partnership and market expansion in the RWA space, coupled with successful token offerings, position the company for growth. Despite some risks, including investment volatility and competition, the optimistic guidance and strong bid-side response in the Q&A suggest a positive market sentiment. The absence of guidance changes and the strategic review process introduce some uncertainty, but overall, the sentiment leans towards a positive short-term stock price reaction.
