{"id":744441,"date":"2023-03-31T18:16:45","date_gmt":"2023-03-31T22:16:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/"},"modified":"2023-03-31T18:16:45","modified_gmt":"2023-03-31T22:16:45","slug":"firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/","title":{"rendered":"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignc { margin-left: auto; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwdoublebottom { border-bottom: double black 2.25pt }\n.bwnowrap { white-space: nowrap }\n.bwpadl0 { padding-left: 0px }\n.bwpadl4 { padding-left: 20px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth2 { width: 2% }\n.bwwidth20 { width: 20% }\n.bwwidth3 { width: 3% }\n.bwwidth55 { width: 55% }\n.bwwidth70 { width: 70% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share<\/b><\/p>\n<p>SAN JOSE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFirsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the \u201cFund\u201d), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the fiscal year ended December 31, 2022.\n<\/p>\n<p>\nAs of December 31, 2022, the Fund\u2019s net assets were approximately $30.6 million, or $4.44 per share, compared with net assets of approximately $94.8 million, or $13.75 per share as of December 31, 2021. As of December 31, 2022, the Fund\u2019s portfolio included public and private securities valued at approximately $40.1 million, or $5.82 per share, which includes approximately $0.10 per share in cash and cash equivalents.\n<\/p>\n<p><b>Portfolio Summary (as of 12\/31\/22)<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignc bwwidth70\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Investment<\/b><\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwnowrap bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Fair Value<sup>1,<\/sup><\/b><\/p>\n<\/td>\n<td class=\"bwwidth3\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwnowrap bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\"><b>Fair Value<br \/>\n<br \/><\/b><b>per Share<sup>1,2<\/sup><\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEquity\/Debt Investments\n<\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwalignc bwvertalignb bwnowrap bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$39.45 million\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwwidth3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5.72\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCash\/Cash Equivalents\n<\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwalignc bwvertalignb bwnowrap bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.67 million\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwwidth3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.10\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOther Assets\n<\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwalignc bwvertalignb bwnowrap bwsinglebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.08 million\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwwidth3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwsinglebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.01\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl4 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotal Assets\n<\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwalignc bwvertalignb bwnowrap bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$40.20 million\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwwidth3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$5.83\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl4 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nTotal Liabilities\n<\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwalignc bwvertalignb bwnowrap bwsinglebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$9.59 million\n<\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwwidth3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwsinglebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$1.39\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth55\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Net Assets<\/b><\/p>\n<\/td>\n<td class=\"bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwalignc bwvertalignb bwnowrap bwdoublebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$30.61 million<\/b><\/p>\n<\/td>\n<td class=\"bwalignc bwvertalignb bwwidth3\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignc bwcellpmargin\">\n\u00a0\n<\/p>\n<\/td>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignc bwdoublebottom bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\"><b>$4.44<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwwidth55\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwwidth2\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwwidth3\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"bwpadl0\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>1<\/sup> Numbers may not sum due to rounding.\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" class=\"bwpadl0\" rowspan=\"1\">\n<p class=\"bwcellpmargin\"><sup>2 <\/sup>Total shares outstanding: 6,893,056.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nDuring the fourth quarter of 2022, the Valuation Committee, which was composed of four independent directors, adjusted the fair values of the private companies in our portfolio. In arriving at these determinations and consistent with the Fund\u2019s valuation procedures, and ASC 820, the Valuation Committee took into account information from an independent valuation firm and considered many factors, including the performance of the portfolio companies, recent transactions in the companies\u2019 securities, as well as the impact of changes in market multiples within certain sectors.\n<\/p>\n<p>\nFor the fiscal year ended December 31, 2022, the Fund reported a total investment loss of approximately $10.0 million. After fees and expenses, the Fund reported a net investment loss of approximately $12.4 million. The Fund reported net realized and unrealized losses on investments of approximately $51.7 million for the year.\n<\/p>\n<p>\nThroughout the year, the Fund continued its efforts to manage its portfolio prudently, including working with its portfolio companies and their management teams to seek to enhance performance and uncover potential exit opportunities.\n<\/p>\n<p><b>About Firsthand Technology Value Fund<\/b><\/p>\n<p>\nFirsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies. More information about the Fund and its holdings can be found online at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.firsthandtvf.com%2F&amp;esheet=53372292&amp;newsitemid=20230331005443&amp;lan=en-US&amp;anchor=www.firsthandtvf.com&amp;index=1&amp;md5=688aaa68e843f2461624fa08c13a7c83\">www.firsthandtvf.com<\/a>.\n<\/p>\n<p><i>The Fund is a non-diversified, closed-end investment company that elected to be treated as a business development company under the Investment Company Act of 1940. The Fund\u2019s investment objective is to seek long-term growth of capital. Under normal circumstances, the Fund will invest at least 80% of its total assets for investment purposes in technology and cleantech companies. An investment in the Fund involves substantial risks, some of which are highlighted below. Please see the Fund\u2019s public filings for more information about fees, expenses and risk. Past investment results do not provide any assurances about future results.<\/i><\/p>\n<p><i>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains &#8220;forward-looking statements&#8221; as defined under the U.S. federal securities laws. Generally, the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;will,&#8221; and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund\u2019s historical experience and its present expectations or projections indicated in any forward-looking statement. These risks include, but are not limited to, changes in economic and political conditions, regulatory and legal changes, technology and cleantech industry risk, valuation risk, non-diversification risk, interest rate risk, tax risk, and other risks discussed in the Fund\u2019s filings with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund\u2019s investment objectives will be attained. We acknowledge that, notwithstanding the foregoing, the safe harbor for forward-looking statements under the Private Securities Litigation Reform Act of 1995 does not apply to investment companies such as us.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230331005443r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230331005443\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230331005443\/en\/<\/a><\/span><\/p>\n<p>\nPhil Mosakowski<br \/>\n<br \/>Firsthand Capital Management, Inc.<br \/>\n<br \/>(408) 624-9526<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:vc@firsthandtvf.com\">vc@firsthandtvf.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Technology Environment Other Technology Green Technology Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230331005443\/en\/1753470\/3\/firsthandlogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share SAN JOSE, Calif.&#8211;(BUSINESS WIRE)&#8211; Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the \u201cFund\u201d), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the fiscal year ended December 31, 2022. As of December 31, 2022, the Fund\u2019s net assets were approximately $30.6 million, or $4.44 per share, compared with net assets of approximately $94.8 million, or $13.75 per share as of December 31, 2021. As of December 31, 2022, the Fund\u2019s portfolio included public and private securities valued at approximately $40.1 million, or $5.82 per share, which includes approximately $0.10 per share in cash and cash equivalents. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-744441","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share SAN JOSE, Calif.&#8211;(BUSINESS WIRE)&#8211; Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the \u201cFund\u201d), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the fiscal year ended December 31, 2022. As of December 31, 2022, the Fund\u2019s net assets were approximately $30.6 million, or $4.44 per share, compared with net assets of approximately $94.8 million, or $13.75 per share as of December 31, 2021. As of December 31, 2022, the Fund\u2019s portfolio included public and private securities valued at approximately $40.1 million, or $5.82 per share, which includes approximately $0.10 per share in cash and cash equivalents. &hellip; Continue reading &quot;Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-31T22:16:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230331005443r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share\",\"datePublished\":\"2023-03-31T22:16:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\\\/\"},\"wordCount\":701,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230331005443r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\\\/\",\"name\":\"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/","og_locale":"en_US","og_type":"article","og_title":"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share - Market Newsdesk","og_description":"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share SAN JOSE, Calif.&#8211;(BUSINESS WIRE)&#8211; Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the \u201cFund\u201d), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today its financial results for the fiscal year ended December 31, 2022. As of December 31, 2022, the Fund\u2019s net assets were approximately $30.6 million, or $4.44 per share, compared with net assets of approximately $94.8 million, or $13.75 per share as of December 31, 2021. As of December 31, 2022, the Fund\u2019s portfolio included public and private securities valued at approximately $40.1 million, or $5.82 per share, which includes approximately $0.10 per share in cash and cash equivalents. &hellip; Continue reading \"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-31T22:16:45+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230331005443r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share","datePublished":"2023-03-31T22:16:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/"},"wordCount":701,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230331005443r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/firsthand-technology-value-fund-announces-fiscal-year-financial-results-nav-of-4-44-per-share\/","name":"Firsthand Technology Value Fund Announces Fiscal Year Financial Results, NAV of $4.44 Per Share - 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