Safeguard Scientifics (SFE) Announces Second Quarter 2012 Financial Results
7/26/2012 10:02:33 AM
WAYNE, Pa.--(BUSINESS WIRE)--Safeguard Scientifics, Inc. (NYSE: SFE), a holding company that builds value in growth-stage life sciences and technology companies, today announced that its consolidated net loss for the three months ended June 30, 2012 was $10.1 million, or $0.48 per share, compared with net income of $121.8 million, or $5.87 per share, for the same period in 2011. For the six months ended June 30, 2012, the consolidated net loss was $19.8 million, or $0.95 per share, versus net income of $112.8 million, or $5.45 per share, for the same period in 2011. As a result of continued momentum at Safeguard’s partner companies, Safeguard increased 2012 aggregate partner company revenue guidance to a range of $170 million to $175 million, up from a range of $160 million to $165 million. Results for Safeguard partner companies are reported on a one-quarter lag basis.