Quinsam Capital (TSE:QCA) has released an update.
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Quinsam Capital Corporation reported a Q4/2023 net loss of $1.6 million, a significant improvement from the $6.9 million loss in the same quarter the previous year, with expectations for a recovery of NAV in the upcoming Q1/2024 report. The Q4 losses were largely due to write-downs of legacy private investments, while the company also continued to make strategic investments in supporting existing investees and new ventures like California Nanotechnologies and Neoterrex. Quinsam is actively seeking value-creating transactions, with further updates to come pending shareholder and regulatory approvals.
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