NASDAQ$SSSS

SuRo Capital Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced fourth quarter and fiscal year 2023 financial results, reporting a net asset value of $7.99 per share as of December 31, 2023, and commenced a modified Dutch Auction tender offer to repurchase up to 2 million shares on February 20.

SuRo Capital Corp. reported its financial results for the fourth quarter and fiscal year ended December 31, 2023, with net assets totaling approximately $203.4 million, or $7.99 per share. The company added one new portfolio company and completed follow-on investments during the quarter and announced a modified Dutch Auction tender offer to repurchase up to 2.0 million shares of its common stock.

  • Net assets totaled approximately $203.4 million, or $7.99 per share, at December 31, 2023.
  • Added one new portfolio company through a $1.6 million investment in Colombier Sponsor II LLC during the fourth quarter.
  • Completed a $2.7 million follow-on investment in FourKites, Inc. and a $0.3 million follow-on investment in XGroup Holdings Limited (d/b/a Xpoint) during the fourth quarter.
  • Authorized a modified Dutch Auction tender offer to purchase up to 2.0 million shares of common stock at a price per share between $4.00 and $5.00.

Headline financials

Total Revenue

$2.46M

Previous: $1.46M+68.1%
EPS (adj)

-$0.11

Previous: -$0.10-10.0%
Net Asset Value Per Share

$7.99

No prior period
Net Assets

$203M

No prior period
Shares Outstanding

25.4M

No prior period
Total Investments at Fair Value

$184M

No prior period
Ratio of Net Operating Expenses to Average Net Assets

9.7%

No prior period
Ratio of Net Investment Loss to Average Net Assets

6.5%

No prior period
Portfolio Turnover Ratio

9.3%

No prior period
Net Income

$5.1M

Previous: $0.00
Stock-Based Comp

$510K

Previous: $629K-18.9%

Revenue & EPS history

SuRo Capital · Revenue · Quarterly

$2.46M

Q4 2023+68.1%vs Q4 2022
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Forward guidance

SuRo Capital is focused on initiatives that enhance shareholder value, including the modified Dutch Auction tender offer to purchase up to 2.0 million shares of its common stock.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+0.2%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.7%

Avg return

30 days after

52%

31 / 60 earnings

Positive

+14.1%

Q2 2021

Best reaction

-18.8%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.0%+1.1%+3.1%
Q4 2025+5.8%+7.9%+12.8%
Q3 2025+1.7%+4.1%-3.9%
Q1 2025+2.3%+7.3%+42.1%
Q4 2024+9.9%-0.9%+14.4%
Q3 2024-1.6%-2.5%+17.5%
Q2 2024-1.1%+0.5%+2.1%
Q1 2024+0.5%-0.8%+6.0%
Q4 2023-0.5%+0.0%-8.5%
Q3 2023-3.6%-3.6%+4.6%
Q2 2023-5.3%-5.3%-5.1%
Q1 2023-1.1%-0.3%-3.7%
Q4 2022+0.7%+13.0%+19.5%
Q3 2022-9.7%-0.9%-13.4%
Q2 2022-0.5%+2.3%-7.1%
Q1 2022-0.7%-5.4%-9.8%
Q4 2021-18.8%-24.7%-23.7%
Q3 2021+6.8%+7.9%-16.0%
Q2 2021+14.1%+21.9%+6.1%
Q1 2021+5.5%+2.0%-4.4%
Q4 2020+2.2%+3.4%+16.8%
Q3 2020+14.0%+8.3%+41.7%
Q2 2020+9.5%+1.7%-3.4%
Q1 2020+1.3%-2.4%+4.6%
Q4 2019-15.9%-11.8%+4.8%
Q3 2019+0.4%+0.6%+1.5%
Q2 2019+2.4%-2.8%-1.9%
Q1 2019+3.8%-3.3%-5.7%
Q4 2018+1.2%+4.0%-4.9%
Q3 2018+2.7%-0.6%-9.1%
Q2 2018+2.5%+5.1%+2.2%
Q1 2018-1.5%+0.1%-1.2%
Q4 2017-2.4%-6.5%-17.5%
Q3 2017+2.0%+7.7%+4.4%
Q2 2017+12.8%+13.0%+23.7%
Q1 2017-1.1%+0.0%+0.0%
Q4 2016-13.8%-11.9%-15.3%
Q3 2016+2.0%+9.1%+8.7%
Q2 2016-1.2%-4.0%-16.4%
Q1 2016+0.0%
Q4 2015-3.5%
Q3 2015+3.4%
Q2 2015-1.6%
Q1 2015+0.7%
Q4 2014-2.4%
Q3 2014-1.2%
Q2 2014+3.3%
Q1 2014-0.7%
Q4 2013+0.8%
Q3 2013-1.0%
Q2 2013+4.8%
Q1 2013-3.1%
Q4 2012-6.6%
Q3 2012-7.0%
Q2 2012-1.3%
Q1 2012-6.8%
Q4 2011+1.7%
Q3 2011+4.1%
Q2 2011+0.4%
Q1 2011-4.6%

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