Safeguard Scientifics (SFE) Misses Q1 EPS by 87c

Safeguard Scientifics (NYSE: SFE) reported Q1 EPS of ($1.08), $0.87 worse than the analyst estimate of ($0.21).

• Received $15.5 million in cash and a three-year $10.5 million note at 9.5% interest per annum for its 38% primary ownership position in Beyond.com which was sold back to the former partner company.
• Deployed $10.1 million in follow-on funding to support the growth of six existing partner companies.

Aggregate partner company revenue for 2017 is projected to be between $370 million and $390 million, which includes revenue for all partner companies in which Safeguard had an interest at January 1, 2017, except Beyond.com, which was sold during the first quarter of 2017. Aggregate revenue for the same partner companies was $321 million for 2016 and $305 million for 2015. Aggregate revenue for all years reflects revenue on a net basis. Revenue data for certain partner companies pertain to periods prior to Safeguard\'s involvement with those companies and are based solely on information provided to Safeguard by those companies. Safeguard reports the revenue of its equity and cost-method partner companies on a one-quarter lag basis.

For earnings history and earnings-related data on Safeguard Scientifics (SFE) click here.

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