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Firsthand Technology Value Fund, Inc. (SVVC) is a U.S.-based investment management company that specializes in technology investments. Primarily focused on identifying and nurturing high-growth, innovative companies, FIRSTHAND TEC VAL FUND aims to deliver superior returns to its shareholders by investing in technology and cleantech sectors. Their portfolio typically includes early-stage companies with significant potential for growth and market disruption.
SVVC's core business revolves around investing in private and public technology companies with transformative potential. The company seeks to capitalize on advancements in sectors such as artificial intelligence, cybersecurity, cloud computing, and renewable energy. By leveraging their expertise and extensive network, they aim to identify emerging technologies and trends that are poised for widespread adoption and commercial success.
In recent years, FIRSTHAND TEC VAL FUND has made notable investments in various pioneering companies. For example, they have invested in companies developing cutting-edge solutions for data analytics, autonomous vehicles, and advanced semiconductor technologies. These investments underline SVVC's commitment to fostering technological innovation and supporting the growth of the next generation of tech leaders.
Financially, FIRSTHAND TEC VAL FUND has maintained a robust position, with a diversified portfolio designed to balance risk and reward. Their strategy includes a mix of equity investments and venture capital in both private and publicly traded companies. This approach allows them to maximize growth opportunities while managing exposure to market volatility.
Partnerships are a critical component of SVVC's strategy. By collaborating with other investment firms, technology incubators, and industry leaders, they enhance their ability to identify promising investment opportunities and provide strategic support to portfolio companies. These partnerships often result in joint investments and co-development projects that accelerate innovation and market entry for emerging technologies.
In terms of products, FIRSTHAND TEC VAL FUND offers shareholders the opportunity to invest in a diversified portfolio of technology and cleantech companies. Their investment vehicles are designed to provide exposure to high-potential markets while mitigating risks through strategic diversification and active management.
To stay informed about the latest developments and performance metrics of FIRSTHAND TEC VAL FUND, Inc. (SVVC), investors can regularly check news updates and financial reports, which provide insights into the company’s latest achievements, ongoing projects, and future plans.
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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