Oxford Square Capital Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 08:00 am EST
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Oxford Square Capital Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 11.4 million compared to USD 9.8 million a year ago. Net loss was USD 11.15 million compared to net income of USD 11.27 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.23 a year ago.
For the nine months, revenue was USD 31.2 million compared to USD 27 million a year ago. Net loss was USD 62.78 million compared to net income of USD 39.56 million a year ago. Basic loss per share from continuing operations was USD 1.26 compared to basic earnings per share from continuing operations of USD 0.8 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. 
