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Safeguard Scientifics Announces Fourth Quarter and Full Year 2020 Financial Results


Safeguard Scientifics Announces Fourth Quarter and Full Year 2020 Financial Results
Conference call and webcast on March 4, 2021 at 9 a.m. ET
RADNOR, Pa., March 03, 2021 (GLOBE NEWSWIRE)
Safeguard Scientifics, Inc. (NYSE:SFE) (“Safeguard” or the “Company”) today announced financial results for the three months and year ended December 31, 2020.
HIGHLIGHTS
Exits & Deployments
Aggregate 2020 annual sales proceeds were $7.9 million, principally from the sale of Sonobi in the third quarter for $6.6 million.
Safeguard deployed $9.2 million in 2020 to Syapse ($4.4 million), Aktana ($2.5 million), meQuilibrium ($1 million) and four other companies ($1.3 million). No material deployments were made during the fourth quarter of 2020.
2020 deployments came in at the low end of the range established at the end of the first quarter. ....

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