Safeguard Scientifics Announces Second quarter 2019 Financial Results
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Safeguard Scientifics (SFE) Tops Q2 EPS by 230c
August 8, 2019 6:26 AM EDTSafeguard Scientifics (NYSE: SFE) reported Q2 EPS of $1.75, $2.30 better than the analyst estimate of ($0.55).
HIGHLIGHTS
Safeguard continues the pursuit of exits from our various partner company positions and, in collaboration with Evercore, is developing strategies regarding the return of value to our shareholders.At June 30, 2019, the Company's balance of cash, cash equivalents, restricted cash and marketable securities totaled $98.4 million.During July 2019, the Company made a principal and interest payment of $49.5 million on its credit facility, which retired the facility.Safeguard continues to prudently manage follow-on deployments to its partner... More