Company profile

Ticker
SFE
Exchange
CEO
Robert J. Rosenthal
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Safeguard Scientifics Inc Et Al
SEC CIK
IRS number
231609753

SFE stock data

(
)

Calendar

30 Apr 20
15 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Net income -16.01M -698K -2.5M 36.09M
Diluted EPS -0.77 -0.03 -0.12 1.75
Operating income -3.53M -2.06M -2.26M -2.6M
Net change in cash -4.1M -19.97M -27.95M 28.35M
Cash on hand 20.93M 25.03M 45M 72.95M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Net income 54.56M -15.63M -88.57M -22.26M
Diluted EPS 2.64 -0.76 -4.34 -1.09
Operating income -9.98M -16.87M -17.13M -18.69M
Net change in cash 17.33M -13.05M -1.31M -10.78M
Cash on hand 25.03M 7.7M 20.75M 22.06M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Salzman Eric Common Stock Option exercise Aquire M No 0 3,333 0 20,194
1 Jul 20 Salzman Eric RSU Common Stock Option exercise Dispose M No 0 3,333 0 10,000
30 Jun 20 Rosenthal Bob Common Stock Grant Aquire A No 0 10,892 0 37,710
30 Jun 20 Glass Russell D Common Stock Grant Aquire A No 0 10,892 0 27,970
30 Jun 20 Morrison Maureen F Common Stock Grant Aquire A No 0 10,892 0 27,625
30 Jun 20 Manko Joseph M. Jr. Common Stock, $0.10 par value Grant Aquire A No 0 10,892 0 20,504
70.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 88 93 -5.4%
Opened positions 8 11 -27.3%
Closed positions 13 16 -18.8%
Increased positions 25 30 -16.7%
Reduced positions 29 29
13F shares
Current Prev Q Change
Total value 114.57M 194.73M -41.2%
Total shares 14.62M 14.92M -2.0%
Total puts 39.7K 0 NEW
Total calls 0 78K EXIT
Total put/call ratio Infinity
Largest owners
Shares Value Change
BLK BlackRock 1.56M $8.65M -1.7%
Vanguard 1.54M $8.55M +2.7%
N Price T Rowe Associates 1.13M $6.28M +26.0%
Horton Capital Management 1.08M $5.99M 0.0%
First Manhattan 1.02M $5.66M -5.4%
Dimensional Fund Advisors 961.68K $5.34M -2.7%
Yakira Capital Management 953.9K $5.29M +12.4%
JHG Janus Henderson 740.64K $4.1M +0.1%
Zuckerman Investment 665.19K $3.69M -12.8%
Almitas Capital 650.24K $3.61M 0.0%
Largest transactions
Shares Bought/sold Change
N Price T Rowe Associates 1.13M +233.8K +26.0%
Renaissance Technologies 352.92K +135.3K +62.2%
Voss Capital 31.68K -114.26K -78.3%
Yakira Capital Management 953.9K +104.93K +12.4%
BK Bank Of New York Mellon 125.25K -104.15K -45.4%
Susquehanna International 17.55K -98.85K -84.9%
Zuckerman Investment 665.19K -97.23K -12.8%
Punch & Associates Investment Management 373.53K +94.43K +33.8%
Nuveen Asset Management 92.16K -78K -45.8%
Prescott Group Capital Management, L.L.C. 206.66K -74.61K -26.5%

Financial report summary

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Competition
DecisionPoint Systems
Risks
  • The intended monetization of our company interests and the return of value to shareholders are subject to factors beyond our control.
  • A disposition of one or more of our company interests may occur at a time that will yield less value than if we held such interests for a longer period of time.
  • The continuing costs and burdens associated with being a public company will constitute a much larger percentage of our expenses and we may in the future delist our Common Stock with the New York Stock Exchange and seek to deregister our Common Stock with the SEC.
  • Our principal business strategy depends upon our ability to make good decisions regarding the deployment of capital into, and subsequent disposition of, our existing company interests and, ultimately, the performance of such companies, which is uncertain.
  • As we execute against our strategy, a significant amount of our deployed capital may be concentrated in companies operating in the same or similar industries, limiting our diversification.
  • Our business model does not rely upon, or plan for, the receipt of operating cash flows from our companies. Our companies do not provide us with cash flow from their operations. We rely on cash on hand, liquidity events and our ability to generate cash from capital raising activities to finance our operations.
  • Fluctuations in the price of the common stock of our publicly traded holdings may affect the price of our common stock.
  • We may be unable to obtain maximum value for our holdings or to sell our holdings on a timely basis.
  • Our success is dependent on our senior management.
  • Our business strategy may not be successful if valuations in the market sectors in which our companies participate decline.
  • Our companies could make business decisions that are not in our best interests or with which we do not agree, which could impair the value of our holdings.
  • We may have to buy, sell or retain assets when we would otherwise not wish to do so in order to avoid registration under the Investment Company Act.
  • Economic disruptions and downturns may have negative repercussions for us.
  • We cannot provide assurance that material weaknesses in our internal control over financial reporting will not be identified in the future.
  • Our companies face intense competition, which could adversely affect their business, financial condition, results of operations and prospects for growth.
  • The success or failure of many of our companies is dependent upon the ultimate effectiveness of newly-created technologies, medical devices, financial services, healthcare diagnostics, etc.
  • Our companies may fail if they do not adapt to changing marketplaces.
  • Our companies may grow rapidly and may be unable to manage their growth.
  • Based on our business model, some or all of our companies will need to raise additional capital to fund their operations at any given time. We may not be able to, or decline to, fund some or all of such amounts and such amounts may not be available from third parties on acceptable terms, if at all. Further, if our companies do raise additional capital from third parties, either debt or equity, such capital may rank senior to, or dilute, our interests in such companies.
  • Economic disruptions and downturns may negatively affect our companies’ plans and their results of operations.
  • Some of our companies may be unable to protect their proprietary rights and may infringe on the proprietary rights of others.
  • Certain of our companies could face legal liabilities from claims made against their operations, products or work.
  • Our companies’ success depends on their ability to attract and retain qualified personnel.
  • Government regulations and legal uncertainties may place financial burdens on the businesses of our companies.
  • Some of our companies may be subject to significant environmental, health, data security and safety regulation.
  • Catastrophic events may disrupt our companies’ businesses.
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This Annual Report on Form 10-K contains forward-looking statements that are based on current expectations, estimates, forecasts and projections about Safeguard Scientifics, Inc. (“Safeguard” or “we”), the industries in which we operate and other matters, as well as management's beliefs and assumptions and other statements regarding matters that are not historical facts.  These statements include, in particular, statements about our plans, strategies and prospects.  For example, when we use words such as “projects,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “should,” “would,” “could,” “will,” “opportunity,” “potential” or “may,” variations of such words or other words that convey uncertainty of future events or outcomes, we are making forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  Our forward-looking statements are subject to risks and uncertainties.  Factors that could cause actual results to differ materially include, among others, our ability to make good decisions about the deployment of capital, the fact that our ownership interests may vary from period to period, our substantial capital requirements and absence of liquidity from our holdings, competition, our inability to obtain maximum value for our ownership interess, our ability to attract and retain qualified employees, our ability to execute our strategy, market valuations in sectors in which our ownership interests operate, our inability to control our ownership interests companies, our need to manage our assets to avoid registration under the Investment Company Act of 1940, and risks associated with our ownership interests and their performance, including the fact that most of the companies in which we have an ownership interest have a limited history and a history of operating losses, face intense competition and may never be profitable, the effect of economic conditions in the business sectors in which they operate, compliance with government regulation and legal liabilities, all of which are discussed in Item 1A. “Risk Factors.” Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. All forward-looking statements attributable to us, or to persons acting on our behalf, are expressly qualified in their entirety by this cautionary statement. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this report might not occur.
  • Over the recent past, Safeguard has provided capital and relevant expertise to fuel the growth of technology-driven businesses. In many, but not all cases, we are actively involved, influencing development through board representation and management support, in addition to the influence we exert through our equity ownership. We also continue to hold relatively small equity interests in other enterprises where we do not exert significant influence and do not participate in management activities. In some cases, those interests relate to residual interests from prior larger interests or from companies that acquired companies in which we had ownership interests.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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