Oxbridge Re hit by rise in net losses
As per a news release, the company faced a net loss of $2.67 million, or ($0.46) per share, for the quarter, a downturn from a net income of $678,000, or $0.12 per share, in the same quarter of 2022. The annual results also reflected a deeper net loss of $9.9 million, or ($1.69) per share, in 2023, compared to a net loss of $1.8 million, or ($0.31) per share, the previous year.
