Company Information

  

Address: 312 FARMINGTON AVENUE  
City: FARMINGTON 
State: CT 
Zip Code: 06032 
Telephone: 860-676-8654 

Description of Business

Primary SIC Code:
(As filed with the SEC)  

We are a specialty finance company that lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries, which we refer to collectively as our "Target Industries." Our investment objective is to maximize our investment portfolio's total return by generating current income from the debt investments we make and capital appreciation from the warrants we receive when making such debt investments. We are focused on making secured debt investments, which we refer to as "Venture Loans," to venture capital backed companies in our Target Industries, which we refer to as "Venture Lending." We also selectively provide Venture Loans to publicly traded companies in our Target Industries. Our debt investments are typically secured by first liens or first liens behind a secured revolving line of credit, or "Senior Term Loans.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/2016-0.430.115N/E
12/20150.330.11535.55
09/20140.810.11516.62
06/20140.720.11520.31
03/20140.59NA21.20
12/20130.370.11538.41
09/20131.220.11510.92
06/20131.340.11510.25

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2018 Leverage 2018
Net Inc/Comm Equity0.07Total Liab/Total Assets0.50
Net Inc/Total Assets0.05Total Liab/Inv Cap0.95
Net Inc/Inv Cap0.09Total Liab/Comm Equity0.74
Pretax Inc/Net Sales0.53Interest Coverage Ratio3.05
Net Inc/Net Sales0.53Curr Debt/Equity0.94
Cash Flow/Net Sales-0.49LTD/EquityNA
SG&A/NetSales0.44Total Debt/Equity0.94
Asset Utilization   Liquidity  
Net Receivables Turnover6.22Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  6/30/2019 3/31/2019 12/31/2018 9/30/2018
Total Revenues(Net Sales) 8.35 6.26 7.06 6.12
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 3.34 3.03 3.06 2.71
Operating Income 5.01 3.23 4.00 3.40
Interest Exp 2.12 2.05 1.75 1.68
Pretax Income 4.54 3.03 3.25 4.26
Other Income -0.47 -0.21 -0.75 0.86
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 4.54 3.03 3.22 4.26

Balance Sheet (Millions)

Assets 6/30/2019 3/31/2019 12/31/2018 9/30/2018
Cash & Short Term Investments 7.56 22.16 12.59 5.91
Receivables - Total 5.06 4.85 3.97 4.77
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 289.30 294.79 266.75 252.16
Liabilities        
Accounts Payable 6.67 6.44 5.64 5.42
Debt in Current Liabilities 125.49 131.92 126.85 112.28
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 132.17 138.37 132.49 117.71
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.01 0.01 0.01
Retained Earnings -45.73 -46.41 -45.37 -2.37
Treasury Stock NA NA NA NA
Total Stockholders' Equity 157.14 156.42 134.26 134.46
Total Liabilities and Stockholders' Equity 289.30 294.79 266.75 252.16

Cash Flow Summary (Millions)

Categories 6/30/2019 3/31/2019 12/31/2018 9/30/2018
Net Cash Provided by Operating Activities -4.28 -15.17 -4.33 -9.36
Net Cash Provided by Investing Activities NA NA NA NA
Net Cash Provided by Financing Activities -10.33 24.74 11.01 4.43

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201422.5515.43--
12/201525.3511.860.33
12/201627.11-4.91-0.43
12/201720.619.59--
12/201824.7313.01--
Growth Rates2.33----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/19461,43410.59




Report Date : 10/14/2019

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