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Trinity Capital (TRIN) - 2024 Q4 - Annual Results
2025-02-26 13:00
Financial Performance - Trinity Capital Inc. announced preliminary estimates for its fiscal quarter and year ended December 31, 2024[7] - The press release detailing financial results is attached as Exhibit 99.1[9] Company Classification - The company is classified as an emerging growth company under the Securities Act of 1933[5]
Trinity Capital Inc. Provides $15 Million in Growth Capital to Cagent Vascular Inc.
Prnewswire· 2025-02-20 12:30
Group 1: Investment Announcement - Trinity Capital Inc. has committed $15 million in growth capital to Cagent Vascular Inc., which is a significant addition to the $45 million equity financing led by US Venture Partners in 2024 [1][4] - This investment aims to support Cagent Vascular's innovative vascular treatment technologies, particularly their flagship product, Serranator®, which enhances angioplasty procedures [2][4] Group 2: Company Overview - Cagent Vascular Inc. specializes in developing advanced endovascular solutions to improve patient outcomes in minimally invasive interventions, particularly for peripheral artery disease [2][6] - The company's Serration technology has been utilized in over 20,000 procedures, demonstrating a growing body of clinical evidence supporting its effectiveness [4][6] Group 3: Strategic Partnership - Trinity Capital expresses excitement about partnering with Cagent Vascular to expand their platform of solutions for treating peripheral artery disease [3][4] - Cagent Vascular's leadership emphasizes the importance of this additional capital in scaling their commercial infrastructure and accelerating clinical adoption of their technologies [4]
Trinity Capital Inc. Announces Preliminary Estimates of Financial Results for Fourth Quarter and Year Ended 2024
Prnewswire· 2025-02-04 21:05
Core Insights - Trinity Capital Inc. announced preliminary estimates for its financial results for Q4 and the full year ended December 31, 2024, indicating a strong performance in net investment income and asset valuation [1][2] Financial Estimates - The preliminary estimate of net investment income for Q4 2024 is projected to be between $0.58 and $0.60 per share [2] - The estimated net asset value per share as of December 31, 2024, is expected to be in the range of $13.32 to $13.37 [2] - The estimated investment assets at fair value as of December 31, 2024, are approximately $1.7 billion [2] - Investments on non-accrual status are estimated to comprise about 0.8% of the total debt investment portfolio at fair value and approximately 2.6% at cost as of December 31, 2024 [2] Conference Call Information - A conference call to discuss the financial results will be held on February 26, 2025, at 12:00 p.m. Eastern Time [3] Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on providing stable returns through access to the private credit market, investing in growth-oriented companies [4]
Trinity Capital: Record Quarter Impressive Amidst A Challenging Economic Backdrop
Seeking Alpha· 2025-01-31 12:12
Group 1 - Trinity Capital (NASDAQ: TRIN) has garnered attention for its focus on dividend investing, particularly in quality blue-chip stocks, BDCs, and REITs [1] - The CEO of Trinity Capital has been noted for his insights, which contribute to the positive perception of the company [1] - The investment strategy emphasizes a buy-and-hold approach, aiming to supplement retirement income through dividends within the next 5-7 years [1] Group 2 - The article expresses a beneficial long position in shares of ARCC and BXSL, indicating confidence in these investments [2] - The author emphasizes that the opinions expressed are personal and not influenced by compensation from any company mentioned [2] - Seeking Alpha clarifies that past performance does not guarantee future results, highlighting the importance of individual due diligence [3]
Trinity Capital Inc. Provides $25 Million in Growth Capital to Wisetack
Prnewswire· 2025-01-30 12:30
Core Insights - Trinity Capital Inc. has committed $25 million in growth capital to Wisetack, a leading pay-over-time platform for home services [1][3] Company Overview - Trinity Capital Inc. is an alternative asset manager focused on providing stable returns through private credit market investments, targeting growth-oriented companies [4][6] - Wisetack specializes in consumer financing for home services, allowing customers to set up pay-over-time options easily [2][5] Market Position and Growth - Wisetack has demonstrated exceptional growth, strong customer experience, and a solid position in a large market, particularly in home services [3] - The partnership with Trinity Capital is expected to accelerate Wisetack's growth and innovation in the home services market [4][5] Technology and Integration - Wisetack's platform integrates seamlessly with existing software tools used by home service businesses, facilitating the offering of financing options [2][3] - The company also has a growing presence in sectors like dental care, elective medical care, and car repair, indicating diversification [5][6]
Morningstar DBRS Confirms Trinity Capital Inc.'s Investment Grade Rating
Prnewswire· 2025-01-29 21:17
Company Overview - Trinity Capital Inc. is a leading alternative asset manager focused on providing stable and consistent returns through access to the private credit market [3] - The company sources, vets, and invests in dynamic privately funded growth-oriented companies, offering investors a strong and diversified portfolio [3] - Headquartered in Phoenix, Arizona, Trinity has an international presence supported by a dedicated team of strategically located investment professionals [3] Credit Rating - DBRS, Inc. has confirmed Trinity Capital's investment grade credit rating of "BBB (low)" with a stable outlook [1] - Morningstar DBRS is recognized as a leading provider of independent rating services, rating over 4,000 issuers and 60,000 securities globally [2]
Trinity Capital Inc. Provides $30 Million in Growth Capital to Elucent Medical
Prnewswire· 2025-01-27 12:30
Company Overview - Trinity Capital Inc. is a leading alternative asset manager focused on providing stable returns through private credit market investments [4] - Elucent Medical is a pioneering medical technology company specializing in guided surgical technologies aimed at improving patient outcomes [5] Investment Details - Trinity Capital announced a commitment of $30 million in growth capital to Elucent Medical [1] - This investment follows Elucent's earlier Series C funding round in 2024, where the company raised $44 million [3] Technology and Innovation - Elucent Medical's EnVisio® System utilizes In-Body Spatial Intelligence™ to enhance surgical precision by providing 3D awareness to surgeons [2] - The system integrates SmartClip® markers and SmartSensor™ technology to guide soft-tissue surgical excision, redefining surgical accuracy [2][5] Strategic Goals - Elucent Medical aims to scale operations and accelerate innovation and commercialization efforts with the new capital from Trinity Capital [3] - The company is committed to driving advancements in surgical oncologic care, positively impacting both patients and medical professionals [5]
Trinity Capital Inc. Announces Fourth Quarter 2024 Call Details and 2025 Financial Reporting Dates
Prnewswire· 2025-01-22 21:05
Core Viewpoint - Trinity Capital Inc. is set to announce its fourth quarter and full year 2024 earnings on February 26, 2025, and will provide subsequent earnings call dates for 2025 [1][5]. Group 1: Earnings Call Information - The fourth quarter and full year 2024 earnings call is scheduled for February 26, 2025, at 12:00 p.m. ET [5]. - The first quarter 2025 earnings call will take place on May 7, 2025, at 12:00 p.m. ET [5]. - Dial-in information for the earnings calls will be provided, and a live webcast will be available on the company's investor relations website [2][5]. Group 2: Company Overview - Trinity Capital Inc. is an international alternative asset manager focused on providing stable returns through private credit market investments [3]. - The company invests in growth-oriented private companies, offering a diversified portfolio to its investors [3]. - Headquartered in Phoenix, Arizona, Trinity Capital has a global presence supported by a team of strategically located investment professionals [3].
Trinity Capital Inc.'s Equipment Finance Vertical Celebrates Milestone: Over $1 Billion in Fundings to High-Growth Companies
Prnewswire· 2025-01-22 12:30
PHOENIX, Jan. 22, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital" or the "Company"), a leading alternative asset manager, today announced that its equipment finance vertical has surpassed $1 billion in fundings to high-growth companies since 2018. This milestone underscores the Company's commitment to supporting the growth and innovation of businesses in a variety of industries, including manufacturing & automation, energy, space technology, climate tech, and artificial intellige ...
Trinity Capital Inc. Provides $30 Million in Growth Capital to Silk Technologies Inc.
Prnewswire· 2025-01-21 12:30
PHOENIX, Jan. 21, 2025 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity Capital"), a leading alternative asset manager, today announced the commitment of $30 million in growth capital to Silk Technologies ("Silk"), a leader in software-defined cloud storage. Silk is a software-defined cloud storage provider focused on enhancing the performance and efficiency of cloud applications and databases. Silk's platform provides high throughput and low latency, helping organizations to run their business ...