OXFORD SQUARE CAPITAL Reports Record Earnings for Q2 FY2023
August 13, 2023
🌥️Earnings Overview
OXFORD SQUARE CAPITAL ($NASDAQ:OXSQ) released their financial results for the second quarter of FY2023 on June 30, 2023, demonstrating a remarkable 130.1% rise in total revenue from the same quarter of the previous year at USD 12.8 million. Net income soared by 126.7% to USD 11.6 million compared to the second quarter of FY2022.
Price History
OXFORD SQUARE CAPITAL, a leading financial services and investment firm, reported record earnings for the second quarter of FY2023 on Thursday. The company’s stock opened at $3.0 and closed at the same rate, up by 2.0% from the previous closing price of $3.0. This impressive increase in share price marks the highest quarterly earnings reported since the company’s inception. The strong financial performance is indicative of OXFORD SQUARE CAPITAL’s commitment to creating secure and profitable investments for its clients. The company’s portfolio consists of a diversified mix of stocks, bonds, mutual funds, and other investment vehicles that are tailored to each customer’s specific goals and objectives.
With its latest earnings report, OXFORD SQUARE CAPITAL has reaffirmed its position as a reliable and trustworthy source of capital for investors. The record-breaking performance is a testament to the company’s continual efforts to identify and create profitable opportunities for its customers. The positive news has investors feeling optimistic about OXFORD SQUARE CAPITAL’s prospects for the rest of this fiscal year and beyond. Investors are confident that the firm will continue to execute on its strategic objectives, which should lead to continued growth and success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OXSQ. More…
| Total Revenues | Net Income | Net Margin |
| -11.58 | -16.07 | 138.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OXSQ. More…
| Operations | Investing | Financing |
| 24.14 | 3.45 | -4.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OXSQ. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 354.26 | 191.85 | 2.88 |
Key Ratios Snapshot
Some of the financial key ratios for OXSQ are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -51.8% | – | – |
| FCF Margin | ROE | ROA |
| -208.4% | -6.6% | -2.8% |
Analysis
GoodWhale has conducted an analysis of OXFORD SQUARE CAPITAL’s wellbeing and it is categorised as a ‘cow’. This type of company has a track record of paying out consistent and sustainable dividends, which is demonstrated by OXFORD SQUARE CAPITAL’s strong performance in this area on the Star Chart. Unfortunately, OXFORD SQUARE CAPITAL is weak in asset, growth, and profitability. As such, investors who are looking for consistent returns may be interested in investing in OXFORD SQUARE CAPITAL. What is more, OXFORD SQUARE CAPITAL has a health score of 4/10 with regard to its cashflows and debt. This indicates that it is likely to be able to sustain future operations in times of crisis. More…
Peers
Oxford Square Capital Corp, Princeton Capital Corp, Ares Capital Corp, and OFS Capital Corp are all private equity firms. They compete for the same deals and usually invest in the same types of companies.
– Princeton Capital Corp ($OTCPK:PIAC)
Princeton Capital Corp is a publicly traded company with a market capitalization of $42.17 million as of 2022. The company has a negative return on equity of -2.24%. Princeton Capital Corp is a financial services company that provides a range of services including investment banking, asset management, and merchant banking.
– Ares Capital Corp ($NASDAQ:ARCC)
Ares Capital Corporation is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Ares Capital makes investments primarily in middle-market companies in the U.S. and Europe through senior secured loans, mezzanine debt, and equity investments.
– OFS Capital Corp ($NASDAQ:OFS)
PFS Capital Corp’s market cap as of 2022 is 139.96M. The company’s ROE is 2.34%. PFS Capital Corp is a financial services company that provides investment banking and capital markets services to small and medium-sized enterprises.
Summary
OXFORD SQUARE CAPITAL had a successful second quarter of FY2023, with total revenue reaching USD 12.8 million and net income at USD 11.6 million. This represents a 130.1% and 126.7% year-over-year increase in revenue and income respectively. The strong financial performance is indicative of the company’s ability to capitalize on opportunities within the market, and further suggests that investing in OXFORD SQUARE CAPITAL would be a wise decision. Furthermore, the company appears to be well-positioned to continue its strong growth trajectory given its value-adding activities.
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