SuRo Capital Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:06 pm EST
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SuRo Capital Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1.47 million compared to USD 0.519511 million a year ago. Net income was USD 25.19 million compared to net loss of USD 45.9 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to basic loss per share from continuing operations of USD 1.54 a year ago. Diluted earnings per share from continuing operations was USD 0.99 compared to diluted loss per share from continuing operations of USD 1.54 a year ago.
For the nine months, revenue was USD 4.14 million compared to USD 1.99 million a year ago. Net income was USD 14.19 million compared to net loss of USD 119.79 million a year ago. Basic earnings per share from continuing operations was USD 0.53 compared to basic loss per share from continuing operations of USD 3.92 a year ago. Diluted earnings per share from continuing operations was USD 0.53 compared to diluted loss per share from continuing operations of USD 3.92 a year ago.
SuRo Capital Corp. is an internally managed, non-diversified closed-end management investment company. The Company's investment objective is to maximize its portfolio's total return, principally by seeking capital gains on its equity and equity-related investments, and to a lesser extent, income from debt investments. The Company invests principally in the equity securities of what it believes to be rapidly growing venture-capital-backed emerging companies. The Company may invest in these portfolio companies through offerings of the prospective portfolio companies, transactions on secondary marketplaces for private companies, or negotiations with selling stockholders. It may invest in private credit and in founders equity, founders warrants, forward purchase agreements, and private investment in public equity transactions of special purpose acquisition companies. It invests in various industries, such as online education, pharmaceutical technology and home improvement finance.
SURO CAPITAL CORP. 
