Trinity Capital Inc. (NASDAQ: TRIN) reported Q4 EPS of $0.29.

Fourth Quarter 2020 Highlights

• Total investment income of $15.3 million
• Net investment income of $5.3 million, or $0.29 per share
• Aggregate investment commitments of $116.5 million
• Total gross investments funded of $102.5 million, comprised of $26.2 million across 6 new portfolio companies and $76.3 million across 12 existing portfolio companies
• Investment portfolio of $493.7 million at fair value
• Net asset value ("NAV") per share increased to $13.03 from $13.01 at September 30, 2020
• Declared a second dividend distribution during the fourth quarter of $0.27 per share in connection with the results for such quarter

Steven Brown, Chairman and Chief Executive Officer of Trinity Capital, commented, "During a year of unprecedented challenges for our society, we thank those who are steering us through the global pandemic. Our team was resilient in the face of this adversity evidenced by our ability to raise capital in 2020 followed by our initial public offering and listing on the Nasdaq Global Select Market in January 2021. Our portfolio grew to $494 million at fair value following fourth quarter gross deployments of $102.5 million. As of December 31, 2020, over 99 percent of our portfolio was performing, which we attribute to our innate and differentiated understanding of how to underwrite venture debt."

"Importantly, we believe the future is bright. The venture capital industry had a record year raising an estimated $74 billion and investing an estimated $156 billion, and we believe the industry will carry this momentum into 2021. We have a strong pipeline of identified opportunities and unfunded commitments going into 2021 with a healthy balance sheet featuring $87 million in available liquidity as of December 31, 2020. In addition, we raised net proceeds of approximately $105 million in our recently competed IPO that bolsters our liquidity position for 2021 and will help us continue our planned growth."

For earnings history and earnings-related data on Trinity Capital Inc. (TRIN) click here.