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Fountain Asset Corp. Announces its Financial Results for the Quarter and Year Ended December 31, 2024
TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Fountain Asset Corp . (TSXV:FA) (“Fountain...
About this update from Fountain Asset Corp.
[{"type":"text","content":"Fountain Asset Corp. Announces its Financial Results for the Quarter and Year Ended December 31, 2024\n\n\n\n TORONTO, April 28, 2025 (GLOBE NEWSWIRE) --\n \n Fountain Asset Corp\n \n . (TSXV:FA) (“Fountain” or the “Company”) would like to announce its financial results for the three months ended December 31, 2024 (“\n \n Q4/24\n \n ”) and for the year ended December 31, 2024 (“\n \n Fiscal 2024\n \n ”).\n \n\n\n Highlights from Q4/24:\n \n\n\n\n Net asset value (“\n \n NAV\n \n ”) of $5.51 million ($0.09 per share) at December 31, 2024 compared to $5.03 million ($0.08 per share) at September 30, 2024, representing an 12.5% increase quarter over quarter on a per share basis. NAV is calculated as the value of total assets less the value of total liabilities;\n \n\n Net comprehensive income of $0.35 million for the three months ended December 31, 2024, compared to net comprehensive loss of $3.63 million for three months ended December 31, 2023 (“\n \n Q4/23\n \n ”);\n \n\n Total revenue from investment activity was $0.57 million compared to total loss of $3.32 million for Q4/23;\n \n\n Net realized losses on the sale of portfolio investments of $1.81 million compared to net realized losses of $2.49 million for Q4/23;\n \n\n Net unrealized gains on portfolio investments of $2.37 million compared to net unrealized gains of $0.83 million for Q4/23;\n \n\n Total expenses of $0.22 million, which included $0.03 million of stock-based compensation, compared to $0.31 million for Q4/23 which included $0.02 of stock-based compensation; and\n \n\n Operating expenses of $0.22 million compared to $0.29 million for Q4/23.\n \n\n\n\n\n Highlights from Fiscal 2024:\n \n\n\n\n NAV of $5.51 million ($0.09 per share) at December 31, 2024 compared to $6.66 million ($0.11 per share) at December 31, 2023, representing a 18% decrease year over year on a per share basis;\n \n\n Net comprehensive losses of $1.30 million compared to net comprehensive losses of $5.26 million for the year ended December 31, 2023 (“\n \n Fiscal 2023\n \n ”);\n \n\n Total losses from investment activity was $0.41 million compared to losses of $4.40 million for Fiscal 2023;\n \n\n Net realized losses on the sale of portfolio investments of $1.89 million compared to net realized los...