Tue, Apr 1, 8:06 PM (26 days ago)
### Summary of Princeton Capital Corporation (PIAC) **Financial Performance:** - **Revenue:** Princeton Capital Corporation reported total investment income of $1,384,051 for the year ended December 31, 2024, compared to $2,480,893 in 2023 and $1,554,643 in 2022. - **Net Income:** The company reported a net loss of $10,861,296 for 2024, compared to a net loss of $178,900 in 2023 and a net income of $6,646,925 in 2022. - **Operating Expenses:** Total operating expenses for 2024 were $1,524,538, a decrease from $1,599,326 in 2023 and $2,333,141 in 2022. **Earnings per Share:** - **Earnings per Share:** The company reported a net loss per share of $0.090 for 2024, compared to a net loss of $0.001 in 2023 and a net income of $0.055 in 2022. **Strategic Overview:** - **Investment Focus:** The company has shifted its focus to conserving cash and investing only in current investments due to a strategic alternatives process and limited resources. - **Investment Objective:** The primary goal is to maximize total return to stockholders through debt and related equity investments in private small and lower middle-market companies. **Future Outlook:** - **Strategic Alternatives:** The company is undergoing a strategic review process to identify potential alternatives, including selling assets, merging with another BDC, liquidating assets, or raising additional funds. - **Market Position Changes:** The company's common stock is traded on the Over the Counter Pink Market (OTCPK) under the symbol "PIAC." **Risk Factors:** - **Market Risks:** The company faces risks related to market volatility, economic downturns, and changes in interest rates. - **Operational Risks:** The company may face challenges in managing its portfolio companies and ensuring the timely repayment of loans. **Financial Condition:** - **Liquidity:** As of December 31, 2024, the company had $1,295,864 in cash and restricted cash, with net assets totaling $21,207,879. - **Debt:** The company has no significant debt obligations as of the latest reporting period. **Market Position Changes:** - **Stock Performance:** The company's stock has experienced volatility, with significant fluctuations in share price over the past few years.