Safeguard Scientifics posts FY2022 net loss of $14.3M vs net income of $27.0M in 2021

SAFEGUARD SCIENTIFICS INC

Net loss Q4 2022 $4.9M ($0.30/share) vs loss $8.6M ($0.51) in Q4 2021; FY2022 net loss $14.3M ($0.87) vs net income $27.0M ($1.36) in FY2021.
Cash & securities $19.3M at Dec 31, 2022; carrying value of ownership interests $15.4M.
Annual deployments $5.7M within prior guidance of $5M-$9M; funded loans to meQuilibrium and Trice Medical.
Repurchased 711,481 shares for $2.9M in 2022 at avg $4.13; added 736,577 shares through Jan 2023 under $3M plan.
Operating costs down 33% YoY: G&A $4.8M in 2022 vs $7.2M in 2021.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAFEGUARD SCIENTIFICS INC reported three months and year ended December 31, 2022 results: net income Net loss for the year ended December 31, 2022 was $14.3 million, or $0.87 per share, EPS $0.87 per share.

Period: three months and year ended December 31, 2022
Net income: Net loss for the year ended December 31, 2022 was $14.3 million, or $0.87 per share
EPS: $0.87 per share
Result: reported results

Exact text from the filing

Net loss for the three months ended December 31, 2022 was $4.9 million, or $0.30 per share, compared with a net loss of $8.6 million, or $0.51 per share, for the same period in 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Period: three months and year ended December 31, 2022
Net income: Net loss for the year ended December 31, 2022 was $14.3 million, or $0.87 per share
EPS: $0.87 per share
Result: reported results

Exact text from the filing

Net loss for the year ended December 31, 2022 was $14.3 million, or $0.87 per share, compared with net income of $27.0 million, or $1.36 per share, for the same period of 2021.

View on SEC.gov

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Source: SEC EDGAR

accession 0001437749-23-005972

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