Firsthand Technology Value Fund, Inc. (OTCQB: SVVC) announced its financial results for the quarter ended September 30, 2025.
As of September 30, 2025, the Fund's net assets were $296,547, or $0.04 per share.
The Fund reported total investment income of $2,314 for the quarter.
Net Assets Comparison
Net assets decreased from $0.11 per share in June 30, 2025, to $0.04 per share in September 30, 2025.
Valuation Committee Decisions
The Valuation Committee adjusted fair values of private companies in the portfolio, considering various factors like performance and market multiples.
Investment Income and Loss
Reported net investment loss of $430,629 and net realized and unrealized losses of $20,083 for the quarter.
- The Fund's net assets declined significantly quarter-over-quarter, indicating potential challenges or changes in the portfolio valuation.
- Adjustments made by the Valuation Committee suggest a proactive approach to managing the Fund's investments and maintaining transparency.
- The reported investment income and losses reflect the volatility and risks associated with investing in technology and cleantech companies.
Firsthand Technology Value Fund's third-quarter results demonstrate the impact of market fluctuations and valuation adjustments on its net assets and investment performance. The Fund's focus on technology and cleantech companies remains evident despite challenges in the financial metrics.