Firsthand Technology Value Fund, Inc. reported their third-quarter earnings, showing a net investment loss of $1.5 million or $0.19 per share. This is compared to a net investment loss of $6.9 million or $0.91 per share in the same period last year. The company’s net assets were $90.9 million or $12.11 per share as of September 30, 2021.
The Fund’s top holdings include Facebook, Alphabet, and Microsoft, which have all performed well this quarter. Firsthand Technology Value Fund focuses on investments in technology companies, with a focus on emerging businesses and growth-stage companies. The Fund aims to provide investors with long-term capital appreciation by investing in companies with strong growth potential.
Despite the net investment loss reported in the third quarter, the company remains optimistic about its investments. They believe that their focus on technology companies will continue to yield positive results in the long term. The Fund has a track record of successful investments in the technology sector, which has helped it attract investors looking to capitalize on the growth of the industry.
Firsthand Technology Value Fund is a publicly traded company, with shares listed on the NASDAQ stock exchange under the ticker symbol SVVC. The company’s performance in the third quarter has been closely watched by investors and analysts, who are interested in the Fund’s strategy and its potential for growth.
Overall, Firsthand Technology Value Fund’s third-quarter earnings reflect the challenges and opportunities faced by technology companies in the current market environment. Despite the net investment loss, the company remains committed to its investment strategy and optimistic about the future. Investors will be watching closely to see how the Fund performs in the coming quarters.
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