Oxford Square Capital Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 08:00 am EDT
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Oxford Square Capital Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 13.51 million compared to USD 9.94 million a year ago. Net income was USD 11.59 million compared to net loss of USD 43.44 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to basic loss per share from continuing operations of USD 0.87 a year ago.
For the six months, revenue was USD 26.45 million compared to USD 19.81 million a year ago. Net income was USD 17.86 million compared to net loss of USD 51.63 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to basic loss per share from continuing operations of USD 1.04 a year ago.
Oxford Square Capital Corp. is a closed-end, non-diversified management investment company. The Companyâs investment objective is to maximize its portfolioâs total return. It seeks an attractive risk-adjusted total return by investing primarily in corporate debt securities and collateralized loan obligation (CLO) structured finance investments that own corporate debt securities. CLO investments may also include warehouse facilities, which are early-stage CLO vehicles intended to aggregate loans that may be used to form the basis of a traditional CLO vehicle. The Company may also invest in publicly traded debt and/or equity securities. Its portfolio of investment in various industries includes structured finance, software, business services, healthcare, telecommunication services, diversified insurance, information technology (IT) consulting, utilities and healthcare. The Company's investment manager is Oxford Square Management, LLC.
OXFORD SQUARE CAPITAL CORP. 
