Equus Total Return, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 16, 2020 at 04:39 pm EST
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Equus Total Return, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 104,000 compared to USD 90,000 a year ago. Net loss was USD 4.038 million compared to net income of USD 1.011 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to basic earnings per share from continuing operations of USD 0.07 a year ago. For the nine months, total revenue was USD 312,000 compared to USD 196,000 a year ago. Net loss was USD 8.638 million compared to net income of USD 5.289 million a year ago. Basic loss per share from continuing operations was USD 0.64 compared to basic earnings per share from continuing operations of USD 0.39 a year ago.
EQUUS Total Return, Inc. (the Fund) is a closed-end management investment company. Its investment objective is to maximize the total return to the Company's stockholders in the form of current investment income and long-term capital gains by investing in the debt and equity securities of small and middle market capitalization companies that are generally not publicly traded at the time of its investment. It seeks to invest in companies pursuing growth through acquisition or organically, leveraged buyouts, management buyouts and recapitalizations of existing businesses or special situations. Its income-producing investments consist of debt securities, including bonds, subordinated debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock. It invests in the portfolio company, Equus Energy, LLC, which makes investments in companies in the energy sector, with particular emphasis on income-producing oil and gas properties.