Fountain Asset Corp. Announces its Financial Results for the Quarter and Year Ended December 31, 2024

Core Insights - Fountain Asset Corp. announced its financial results for Q4/24 and Fiscal 2024, highlighting a strategic focus on improving financial performance through the disposal of non-core investments and capitalizing on new opportunities [1][4]. Q4/24 Highlights - The net asset value (NAV) increased to $5.51 million ($0.09 per share), a 12.5% increase quarter over quarter [8]. - The company reported a net comprehensive income of $0.35 million, a significant recovery from a net comprehensive loss of $3.63 million in Q4/23 [8]. - Total revenue from investment activity was $0.57 million, compared to a total loss of $3.32 million in Q4/23 [8]. - Net unrealized gains on portfolio investments reached $2.37 million, up from $0.83 million in Q4/23 [8]. - Total expenses decreased to $0.22 million from $0.31 million in Q4/23 [8]. Fiscal 2024 Highlights - The NAV at the end of Fiscal 2024 was $5.51 million ($0.09 per share), down 18% year over year from $6.66 million ($0.11 per share) [8]. - The company recorded net comprehensive losses of $1.30 million, an improvement from losses of $5.26 million in Fiscal 2023 [8]. - Total losses from investment activity were $0.41 million, significantly reduced from $4.40 million in Fiscal 2023 [8]. - Net unrealized gains on portfolio investments were $1.47 million, contrasting with net unrealized losses of $0.03 million in Fiscal 2023 [8]. - Total expenses for the year were $0.89 million, slightly up from $0.86 million in Fiscal 2023 [8].