Financial Data and Key Metrics Changes - The company has experienced a significant decline in stock price, with shares dropping from $14 to $7 due to a sluggish consumer environment for most restaurant brands [26] - The management highlighted that the bear market for small-cap stocks has lasted longer than expected, leading to lower valuations [5][6] Business Line Data and Key Metrics Changes - Potbelly reported strong earnings, beating all metrics and providing a positive outlook for 2025, including a projected 10% growth in store count and positive same-store sales growth [25] - Synchronoss reported solid Q3 2024 results with increased revenue and EBITDA guidance, although the stock declined due to delays in tax refunds and contract renewals [27][28] Market Data and Key Metrics Changes - The Russell Microcap Index has outperformed the S&P 500 since the Fed's rate cut and the resolution of election uncertainties, indicating a potential reversal in the small-cap market [6] Company Strategy and Development Direction - The company is focused on positioning itself as a partner for small-cap public companies needing creative capital solutions, particularly in light of upcoming debt maturities and acquisition financing [11] - Management emphasized the importance of aligning interests with shareholders, noting that they collectively own 13% of the company [18][19] Management Comments on Operating Environment and Future Outlook - Management acknowledged the challenges faced in the past three years but remains optimistic about the potential for small-cap stocks, citing historically low valuations [6][10] - The company is actively evaluating strategic options to enhance its asset base and capabilities for future growth [23] Other Important Information - The company has successfully transitioned its balance sheet to cash and publicly traded securities, allowing it to focus on value creation without the risk of insolvency [14] - The management has significantly reduced operating expenses, cutting them from $6.5 million to approximately $3 million annually [15][17] Q&A Session Summary - Management expressed willingness to engage with shareholders regarding the quarter and year, emphasizing open communication [44]

1 Value Creation Through Constructive Activism Q3 2024 Shareholder Update Call November 15, 2024 Safe Harbor Statement This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the inherent uncertainties in predicting future res ...

MONTCLAIR, N.J., Sept. 03, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. ("180 Degree Capital") (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share ("NAV") and its daily closing stock price during August 2024 and year-to-date through the end of August 2024, were approximately 21% and 19%, respectively.1 This discount was approximately 25% on August 30, 2024, the last day of trading in the month. As previously disclosed in a press release on Novembe ...

180 Degree Capital Corp (NASDAQ:TURN) Q2 2024 Earnings Conference Call August 20, 2024 9:00 AM ET Company Participants Daniel Wolfe - President, Chief Financial Officer and Chief Compliance Officer Kevin Rendino - Chairman and Chief Executive Officer Daniel Wolfe [Starts Abruptly] our second quarter 2024 financial Results Update Call. This is Daniel Wolfe, President and Portfolio Manager of 180 Degree Capital. Kevin Rendino, our Chief Executive Officer -- Portfolio Manager, and I would like to welcome you t ...

C O N F I D E N T I A L 1 Value Creation Through Constructive Activism Q2 2024 Stockholder Update Call August 20, 2024 C O N F I D E N T I A L Safe Harbor Statement This presentation may contain statements of a forward-looking nature relating to future events. Statements contained in this presentation that are forward-looking statements are intended to be made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to the i ...

Forward-Looking Statements 180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180- degree turn. Detailed information abou ...

180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180- degree turn. Detailed information about 180 and its holdings can ...

As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors has set two measurement periods of 1) January 1, 2024 to December 31, 2024, and 2) January 1, 2025 to June 30, 2025, in which it will evaluate the average discount between TURN's estimated daily NAV and its closing stock price pursuant to a Discount Management Program. Should TURN's common stock trade at an average daily discount to NAV of more than 12% during either of these measurement periods, 180 Deg ...

"This transaction is a great example of what 180 Degree Capital means by constructive activism," added Daniel B. Wolfe, President of 180 Degree Capital. "Since our original investment in 2021, we developed a strong relationship with the impressive management team of SNCR. We welcomed the opportunity to join SNCR's Board of Directors in December 2023 when SNCR's common stock was trading at $4.66 because we believed that our complementary skill sets could help unlock value for all stakeholders of SNCR. We als ...

For over two years we have sent SCOR's Board a series of private and public letters that include a myriad of recommendations we believe it could take to maximize value for all of SCOR's stakeholders. Recently, we have stayed mostly silent as we were hopeful the nomination of Matt to join SCOR's Board was an indication that it takes its governance role seriously and that it would finally take action on other pressing items. After all, representatives of SCOR's Board with whom we have spoken with, primarily i ...