OXSQ FY 2023 Earnings Report — Oxford Square Capital Corp. Revenue & Financial Results | Market Cap Arena

Oxford Square Capital Corp.OXSQ

FY 2023 Earnings

Reported March 18, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$34M	—	-$69M	—	148.6%
Op. Income	$17M	—	-$86M	—	120.1%
Gross Margin	67.8%	—	117.9%	—	-50.1pp
Net Margin	51.3%	—	123.9%	—	-72.6pp
EPS (Diluted)	$0.32	—	$-1.72	—	118.6%
Free Cash Flow	$27M	—	$20M	—	36.2%

Revenue Flow

Item	Amount
REVENUE	$34M
Cost of Revenue	$11M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$3M
Operating Expenses	$6M
Cost & Expenses	$16M
OPERATING INCOME	$17M
Interest Income	$34M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$0
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$0
EBIT	$17M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$34M
Cost of Revenue	$11M
GROSS PROFIT	$23M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$3M
SG&A Expenses	$3M
Other Expenses	$3M
Operating Expenses	$6M
Cost & Expenses	$16M
OPERATING INCOME	$17M
Interest Income	$34M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$0
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$0
EBIT	$17M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$10M
Change in Working Capital	-$375.9K
OPERATING CASH FLOW	$27M
Capital Expenditure	$4
Acquisitions (Net)	$0
Purchases of Investments	-$12M
Sales/Maturities of Investments	$51M
Other Investing Activities	$0
NET CASH FROM INVESTING	$39M
Net Debt Issuance	-$64M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$69M
FREE CASH FLOW	$27M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$267M
Tax Assets	$0
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$268M
TOTAL ASSETS	$278M
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1M
Long-Term Debt	$123M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$125M
TOTAL LIABILITIES	$126M
Common Stock	$593.0K
Additional Paid-In Capital	$458M
Retained Earnings	-$307M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$151M
Minority Interest	$0
TOTAL EQUITY	$151M
TOTAL LIABILITIES & EQUITY	$278M
Total Debt	$123M
Net Debt	$117M