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Firsthand Technology Value Fund Inc (SVVC) delivers technology-focused investment solutions through rigorous analysis of emerging innovations. This news hub provides stakeholders with official updates and market insights directly from the company.
Access SVVC's latest press releases, earnings reports, and strategic announcements in one centralized location. Track developments including portfolio company milestones, leadership changes, and sector-specific market analysis. Our curated collection serves as a reliable resource for understanding the fund's positioning within evolving tech markets.
Key updates cover investment decisions, partnership formations, and operational adjustments that reflect SVVC's value-driven philosophy. Bookmark this page for real-time access to critical information influencing technology investment landscapes. Return regularly to stay informed about developments shaping this active management firm's trajectory.
Firsthand Technology Value Fund (OTCQB: SVVC) has released its financial results for the fiscal year ended December 31, 2024. The Fund's net assets decreased to $1.1 million ($0.15 per share) from $1.5 million ($0.22 per share) in September 2024.
The Fund's portfolio, valued at approximately $1.1 million, includes public and private securities, with $0.11 per share in cash and cash equivalents. For 2024, SVVC reported total investment income of $110 thousand and net investment income of $2.0 million, benefiting from waived management fees. However, the Fund experienced net realized and unrealized losses of approximately $2.1 million.
The Valuation Committee, comprising two independent directors, adjusted private company valuations considering multiple factors, including portfolio company performance, recent transactions, and market multiple changes within sectors.
Firsthand Technology Value Fund (OTCQB: SVVC) reported its Q3 2024 financial results. The Fund's net assets increased to $1.5 million ($0.22 per share) as of September 30, 2024, compared to $1.0 million ($0.15 per share) on June 30, 2024. The portfolio included securities valued at $1.4 million ($0.21 per share), including $0.15 per share in cash. The Fund reported total investment income of $36 thousand, a net investment loss of $0.4 million, and net realized and unrealized gains of $0.9 million for the quarter.
Firsthand Technology Value Fund (OTCQB: SVVC) reported its Q2 2024 financial results. The Fund's net assets increased to $1.0 million ($0.15 per share) as of June 30, 2024, compared to $0.2 million ($0.02 per share) on March 31, 2024. The portfolio, valued at $5.7 million ($0.82 per share), includes public and private securities.
Key financial highlights:
- Total investment income: $30,000
- Net investment loss: $0.2 million
- Net realized and unrealized gains: $1.0 million
The Fund's Valuation Committee adjusted fair values of private companies in the portfolio, considering various factors including company performance and market multiples.
Firsthand Technology Value Fund (OTCQB: SVVC) announced its Q1 2024 financial results. The net asset value (NAV) per share fell to $0.02 from $0.18 at the end of 2023. Total net assets decreased to $0.2 million from $1.3 million, significantly impacted by a $3 million write-down in Revasum, Inc. (ASX: RVS) shares, which were suspended from trading. The fund's portfolio, including public and private securities, was valued at $4.7 million. Investment income totaled $32 thousand, with net investment income of $2.8 million after expenses and a fee waiver agreement with Firsthand Capital Management, which waived $3 million in fees. However, net realized and unrealized losses on investments amounted to $3.9 million. The fund continues to work with portfolio companies to enhance performance and find exit opportunities.
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