Firsthand Tech Value Fd | 10-Q: FY2025 Q3 Revenue: USD 2.314 K

Revenue: As of FY2025 Q3, the actual value is USD 2.314 K.

EPS: As of FY2025 Q3, the actual value is USD -0.07.

EBIT: As of FY2025 Q3, the actual value is USD -432.94 K.

Segment Revenue

• Investment Income: For the three months ended September 30, 2025, investment income was $2,314, primarily from interest accrued on money market funds. For the nine months ended September 30, 2025, investment income was $179,140, mainly from interest on convertible/term note investments with Hera Systems.

Operational Metrics

• Net Investment Income/(Loss): The net investment loss before taxes was - $430,629 for the three months ended September 30, 2025, and - $607,021 for the nine months ended September 30, 2025.
• Operating Expenses: Operating expenses were $432,943 for the three months ended September 30, 2025, and $786,161 for the nine months ended September 30, 2025. Significant components included professional fees and administration fees.

Cash Flow

• Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $173.

Unique Metrics

• Net Realized and Unrealized Gains/(Losses): For the nine months ended September 30, 2025, net realized losses were - $24,169,015, and net unrealized depreciation decreased by $24,011,904.

Future Outlook and Strategy

• Core Business Focus: The company aims to invest at least 80% of its net assets in technology companies, focusing on long-term growth of capital through equity and equity-related investments. The portfolio is primarily composed of equity and equity derivative securities of technology and cleantech companies.
• Non-Core Business: The company may invest up to 30% of the portfolio in opportunistic investments, including securities of public companies that are actively traded or in actively traded derivative securities.