Safeguard posts Q3 net income of $18.3M ($0.88 per share); completes $38.7M self-tender

SAFEGUARD SCIENTIFICS INC

2021-Q3 EPS reported $1.71

Repurchased 4.3M shares for $38.7M via modified Dutch auction self-tender completed Oct 7, 2021.
Flashtalking acquired by Mediaocean; Safeguard received $44.8M cash proceeds and recorded $32.3M gain.
Net income of $18.3M ($0.88 per diluted share) vs net loss of $4.3M ($0.21 per share) in Q3 2020.
Cash, cash equivalents and restricted cash totaled $64.2M; carrying value of ownership interests $36.3M at Sept 30, 2021.
General and administrative expenses fell to $1.6M from $2.3M; corporate expenses down 32% to $0.9M.

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