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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