Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) Files An 8-K Other EventsItem 8.01. Other Events
On August 29, 2018, Firsthand Technology Value Fund, Inc. issued a press release announcing today that Pivotal Systems (ASX: PVS) (the “Company”) has released its financial results for the first half of its 2018 fiscal year. Revenue for the year-to-date period ended July 2, 2018, increased 23% to $11.19 million, as compared with $9.07 million in revenue for the first half of 2017. Gross margins improved to 37% during the period, up from 18% in the year-ago period, and the Company generated positive cash flow from operations of $0.33 million.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
| 99.1 | Press Release dated August 29, 2018. |
Firsthand Technology Value Fund, Inc. ExhibitEX-99.1 2 fp0035640_ex991.htm News Release Firsthand Technology Value Fund Holding Pivotal Systems Announces Financial Results for 1H’18 San Jose,…To view the full exhibit click here
About Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC)
Firsthand Technology Value Fund, Inc. is an externally managed, closed-end, non-diversified management investment company. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. It invests approximately 80% of its total assets for investment purposes in technology companies. It invests approximately 70% of its assets in privately held companies and public companies. It may invest approximately 30% of the portfolio in opportunistic investments. Its portfolio comprises equity and equity derivative securities of technology and cleantech companies. Its principal focus is to invest in illiquid private technology and cleantech companies and it may also invest in micro-cap publicly traded companies. It invests in industries, such as advanced materials, cloud computing, biofuels and fuel cells, among others. Firsthand Capital Management, Inc. is the Fund’s investment advisor.
