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SuRo Capital (SSSS)
NASDAQ:SSSS
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Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.37Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 1.30%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call highlights substantial investments and strategic positioning in AI, alongside growth in key portfolio companies like Canva. However, it also reports a decline in net asset value and significant realized losses. Overall, the positives of strategic investments and growth in the AI sector outweigh the financial setbacks.Company Guidance
During the Q3 2024 earnings call for SuRo Capital, the executives provided detailed guidance on their investment strategy and financial outlook. They highlighted a substantial investment of approximately $65 million in the second half of 2024 into private companies, with $55 million allocated to artificial intelligence (AI) firms, now comprising 18% of their gross assets, increasing to 23% post-quarter. AI investments, such as OpenAI and CoreWeave, were emphasized, with AI startups capturing 31% of Q3's global venture funding. The company's top five investments, including CoreWeave and OpenAI, represent 47% of the portfolio value, while the top ten positions account for 75%. They reported a net asset value of $157.4 million or $6.73 per share, with $32.7 million in cash available for investment. SuRo Capital also executed a note repurchase program and expanded their share repurchase program, reflecting their commitment to enhancing shareholder value.Significant AI Investments
Invested approximately $65 million in private companies in the second half of 2024, with $55 million directed towards AI companies. AI investments now represent 23% of the portfolio.
Record AI Industry Growth
AI startups attracted 31% of total global venture funding in the third quarter, with OpenAI's $6.6 billion financing leading the pack, highlighting the sector's rapid growth.
Canva's Growth and Valuation Increase
Canva crossed 200 million active daily users and reported $2.5 billion in annualized revenue, with its valuation increasing to $32 billion.
CoreWeave and OpenAI Investments
CoreWeave received a $25 million total investment, making it the largest single investment in the firm's history. OpenAI received a $17.5 million investment, highlighting strategic positioning in the AI sector.
Portfolio Positioning for IPOs
Several portfolio companies like ServiceTitan and CoreWeave are preparing for IPOs, potentially unlocking shareholder value.
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SSSS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SSSS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.40 | $5.05 | -6.48% |
| Aug 07, 2024 | $3.80 | $3.76 | -1.05% |
| May 08, 2024 | $3.84 | $3.85 | +0.26% |
| Mar 13, 2024 | $4.36 | $4.33 | -0.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SuRo Capital (SSSS) report earnings?
SuRo Capital (SSSS) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is SuRo Capital (SSSS) earnings time?
SuRo Capital (SSSS) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSSS EPS forecast?
SSSS EPS forecast for the fiscal quarter 2024 (Q4) is -0.21.
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