Safeguard Scientifics Announces Fourth Quarter and Year-End 2007 Financial Results

WAYNE, Pa.--(BUSINESS WIRE)--Safeguard Scientifics, Inc. (NYSE:SFE), a holding company that builds value in growth-stage technology and life sciences companies, today announced its financial results for the fourth quarter and year ended December 31, 2007. Safeguard reported consolidated revenue of $47.7 million for the fourth quarter of 2007, an 8.0% increase as compared to $44.2 million in the fourth quarter of 2006, excluding discontinued operations. For the full year, revenue was $176.1 million, up 8.3% from $162.6 million in 2006, excluding discontinued operations. Safeguard’s consolidated net loss for the fourth quarter of 2007 was $15.1 million, compared to net loss of $12.3 million in the fourth quarter of 2006, excluding discontinued operations. For the full year, net loss was $68.1 million, compared to net loss of $43.9 million in 2006, excluding discontinued operations.

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