Safeguard Scientifics Announces Second Quarter 2020 Financial Results
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Safeguard Scientifics (SFE) Reports Q2 Loss of $0.48
August 11, 2020 6:11 AM EDTSafeguard Scientifics (NYSE: SFE) reported Q2 EPS of ($0.48), versus $1.75 reported last year.
Highlights
Safeguard remains committed to its stated strategy to monetize ownership interests in a timely manner and maximize the value for Safeguard shareholders.Safeguard's companies continue to respond to COVID-19 by managing cost structures, securing capital and adjusting operations to take advantage of opportunities in post COVID-19 environment.Safeguard completed follow-on funding to three companies totaling $4.4 million in the second quarter, including $3.8 million to Syapse as part of an existing investor round that also expanded and restructured its debt... More