Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $0.15 Per Share
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) ha pubblicato i risultati finanziari per l'anno fiscale conclusosi il 31 dicembre 2024. Gli attivi netti del Fondo sono diminuiti a 1,1 milioni di dollari (0,15 dollari per azione) rispetto ai 1,5 milioni di dollari (0,22 dollari per azione) di settembre 2024.
Il portafoglio del Fondo, valutato a circa 1,1 milioni di dollari, include titoli pubblici e privati, con 0,11 dollari per azione in contante e equivalenti. Per il 2024, SVVC ha riportato un reddito totale da investimenti di 110 mila dollari e un reddito netto da investimenti di 2,0 milioni di dollari, beneficiando di commissioni di gestione annullate. Tuttavia, il Fondo ha subito perdite nette realizzate e non realizzate di circa 2,1 milioni di dollari.
Il Comitato di Valutazione, composto da due direttori indipendenti, ha adeguato le valutazioni delle aziende private considerando molteplici fattori, inclusi le performance delle aziende in portafoglio, le transazioni recenti e i cambiamenti nei multipli di mercato all'interno dei settori.
Firsthand Technology Value Fund (OTCQB: SVVC) ha publicado sus resultados financieros para el año fiscal que finalizó el 31 de diciembre de 2024. Los activos netos del Fondo disminuyeron a 1,1 millones de dólares (0,15 dólares por acción) desde 1,5 millones de dólares (0,22 dólares por acción) en septiembre de 2024.
El portafolio del Fondo, valorado en aproximadamente 1,1 millones de dólares, incluye valores públicos y privados, con 0,11 dólares por acción en efectivo y equivalentes de efectivo. Para 2024, SVVC reportó un ingreso total de inversiones de 110 mil dólares y un ingreso neto de inversiones de 2,0 millones de dólares, beneficiándose de la exención de tarifas de gestión. Sin embargo, el Fondo experimentó pérdidas netas realizadas y no realizadas de aproximadamente 2,1 millones de dólares.
El Comité de Valoración, compuesto por dos directores independientes, ajustó las valoraciones de las empresas privadas considerando múltiples factores, incluyendo el rendimiento de las empresas en el portafolio, transacciones recientes y cambios en los múltiplos de mercado dentro de los sectores.
퍼스트핸드 테크놀로지 밸류 펀드 (OTCQB: SVVC)는 2024년 12월 31일 종료된 회계 연도의 재무 결과를 발표했습니다. 펀드의 순 자산은 110만 달러 (주당 0.15달러)로 감소했으며, 이는 2024년 9월의 150만 달러 (주당 0.22달러)에서 줄어든 수치입니다.
펀드의 포트폴리오는 약 110만 달러로 평가되며, 공공 및 사적 증권을 포함하고 있으며, 현금 및 현금성 자산으로 주당 0.11달러가 있습니다. 2024년 동안 SVVC는 11만 달러의 총 투자 수익과 200만 달러의 순 투자 수익을 보고했으며, 이는 면제된 관리 수수료 덕분입니다. 그러나 펀드는 약 210만 달러의 순 실현 및 미실현 손실을 경험했습니다.
두 명의 독립 이사로 구성된 가치 평가 위원회는 포트폴리오 회사의 성과, 최근 거래 및 부문 내 시장 배수 변화 등 여러 요인을 고려하여 사적 기업의 가치를 조정했습니다.
Firsthand Technology Value Fund (OTCQB: SVVC) a publié ses résultats financiers pour l'exercice clos le 31 décembre 2024. Les actifs nets du Fonds ont diminué à 1,1 million de dollars (0,15 dollar par action), contre 1,5 million de dollars (0,22 dollar par action) en septembre 2024.
Le portefeuille du Fonds, évalué à environ 1,1 million de dollars, comprend des titres publics et privés, avec 0,11 dollar par action en espèces et équivalents de trésorerie. Pour 2024, SVVC a déclaré un revenu total d'investissement de 110 000 dollars et un revenu net d'investissement de 2,0 millions de dollars, bénéficiant de frais de gestion annulés. Cependant, le Fonds a subi des pertes nettes réalisées et non réalisées d'environ 2,1 millions de dollars.
Le Comité d'Évaluation, composé de deux administrateurs indépendants, a ajusté les évaluations des entreprises privées en tenant compte de plusieurs facteurs, notamment la performance des entreprises du portefeuille, les transactions récentes et les changements des multiples de marché dans les secteurs.
Firsthand Technology Value Fund (OTCQB: SVVC) hat seine finanziellen Ergebnisse für das am 31. Dezember 2024 endende Geschäftsjahr veröffentlicht. Die Nettomittel des Fonds sind auf 1,1 Millionen Dollar (0,15 Dollar pro Aktie) gesunken, verglichen mit 1,5 Millionen Dollar (0,22 Dollar pro Aktie) im September 2024.
Das Portfolio des Fonds, das auf etwa 1,1 Millionen Dollar geschätzt wird, umfasst öffentliche und private Wertpapiere, mit 0,11 Dollar pro Aktie in Bargeld und Zahlungsmitteln. Für 2024 berichtete SVVC von Gesamterträgen aus Investitionen in Höhe von 110.000 Dollar und einem Nettoertrag aus Investitionen von 2,0 Millionen Dollar, was auf erlassene Verwaltungsgebühren zurückzuführen ist. Der Fonds erlebte jedoch Nettorealisierte und nicht realisierte Verluste von etwa 2,1 Millionen Dollar.
Der Bewertungsausschuss, bestehend aus zwei unabhängigen Direktoren, hat die Bewertungen privater Unternehmen unter Berücksichtigung mehrerer Faktoren angepasst, einschließlich der Leistung der Portfoliounternehmen, aktueller Transaktionen und Änderungen der Marktmultiplikatoren innerhalb der Sektoren.
- Net investment income of $2.0 million due to waived management fees
- Net assets declined 27% from $1.5M to $1.1M in Q4 2024
- NAV per share dropped from $0.22 to $0.15 in Q4 2024
- Net realized and unrealized losses of $2.1 million in 2024
- Low investment income of only $110 thousand for the year
SAN JOSE, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the year ended December 31, 2024.
As of December 31, 2024, the Fund’s net assets were approximately
Portfolio Summary (as of 12/31/24)
| Investment | Fair Value1, | Fair Value per Share1,2 | |||
| Equity/Debt Investments | $ | 0.32 million | $ | 0.05 | |
| Cash/Cash Equivalents | $ | 0.75 million | $ | 0.11 | |
| Other Assets | $ | 0.74 million | $ | 0.11 | |
| Total Assets | $ | 1.80 million | $ | 0.26 | |
| Total Liabilities | $ | 0.73 million | $ | 0.11 | |
| Net Assets | $ | 1.06 million | $ | 0.15 | |
| 1 Numbers may not sum due to rounding. 2 Total shares outstanding: 6,893,056. | |||||
During the fourth quarter of 2024, the Valuation Committee, which was composed of two independent directors, adjusted the fair values of the private companies in our portfolio. In arriving at these determinations and consistent with the Fund’s valuation procedures, and ASC 820, the Valuation Committee took into account information from an independent valuation firm and considered many factors, including the performance of the portfolio companies, recent transactions in the companies’ securities, as well as the impact of changes in market multiples within certain sectors.
For the year ended December 31, 2024, the Fund reported total investment income of approximately
Throughout the year, the Fund continued its efforts to manage its portfolio prudently, including working with its portfolio companies and their management teams to seek to enhance performance and uncover potential exit opportunities.
About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at www.firsthandtvf.com.
The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund’s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund’s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.
Contact:
Phil Mosakowski
Firsthand Capital Management, Inc.
(408) 624-9526
vc@firsthandtvf.com
FAQ
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