earnings
confidence high
sentiment negative
materiality 0.80
SuRo Capital estimates Q3 2022 NAV per share of $7.55-$8.05, down from $9.24 at June 30
SURO CAPITAL CORP.
2022-Q3 EPS reported
-$3.92
- Net asset value per share estimated between $7.55 and $8.05 as of Sep 30, 2022, vs $9.24 at June 30 and $14.79 a year ago.
- Completed Modified Dutch Auction Tender Offer for 2.0M shares at $6.60/share (71.4% of June 30 NAV per share).
- Invested $2.4M in three companies: Xpoint ($1M convertible note), Orchard Technologies ($0.5M SAFE), Forge Global ($0.9M shares via warrant exercise).
- Exited positions: realized a $5.3M loss from Enjoy Technology and a $0.6M gain from Palantir Lending Trust SPV I.
- Cash and cash equivalents approximately $140.0M; share repurchase program has $16.4M remaining through Oct 31, 2022.