SuRo Capital Corp (OQ:SSSS)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 640 FIFTH AVENUE, 12TH FLOOR NEW YORK NY 10019 |
| Tel: | N/A |
| Website: | https://surocap.com |
| IR: | See website |
| Key People | ||
| Mark D. Klein Chairman of the Board, President, Chief Executive Officer | Allison Green Chief Financial Officer, Chief Compliance Officer, Treasurer, Corporate Secretary | |
| Business Overview |
| SuRo Capital Corp. is an internally managed, non-diversified closed-end management investment company. The Company's investment objective is to maximize its portfolio's total return, principally by seeking capital gains on its equity and equity-related investments, and to a lesser extent, income from debt investments. The Company invests principally in the equity securities of what it believes to be rapidly growing venture-capital-backed emerging companies. The Company may invest in these portfolio companies through offerings of the prospective portfolio companies, transactions on secondary marketplaces for private companies, or negotiations with selling stockholders. It may invest in private credit and in founders equity, founders warrants, forward purchase agreements, and private investment in public equity transactions of special purpose acquisition companies. It invests in various industries, such as online education, pharmaceutical technology and home improvement finance. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, SuRo Capital Corp revenues increased 91% to $6.6M. Net income totaled $5.1M vs. loss of $132.2M. Revenues reflect Interest income/(reversal of accrued int increase from $827K to $3.8M, Interest income increase of 97% to $796K. Net Income reflects Non-controlled/non-affiliated investment increase from $109.6M (expense) to $10.3M (income). |
| Employees: | 11 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $143.68M as of Dec 31, 2023 |
| Annual revenue (TTM): | $6.60M as of Dec 31, 2023 |
| EBITDA (TTM): | -$13.44M as of Dec 31, 2023 |
| Net annual income (TTM): | $5.07M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.24M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $45.57M as of Dec 31, 2023 |
| Shares outstanding: | 25,353,284 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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