Quinsam Capital (TSE:QCA) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:QCA stock, check out TipRanks’ Stock Analysis page.