earnings
confidence high
sentiment negative
materiality 0.75
Safeguard Scientifics Q1 net loss $6.7M; strategic review with Houlihan Lokey continues
SAFEGUARD SCIENTIFICS INC
2022-Q1 EPS reported
-$0.40
- Net loss $6.7M ($0.40 per share) vs net income $17.6M ($0.84 per share) in Q1 2021.
- Repurchased 147,795 shares at avg $5.27 in Q1; additional $0.4M post-quarter at $4.71.
- Funded $2.0M convertible loan to Prognos Health and $1.4M to Clutch Holdings.
- Carrying value of ownership interests $24.1M vs cost $154.4M; Bright Health fair value $2.6M.
- Strategic review with Houlihan Lokey ongoing; update expected by Q3 2022 earnings call.