Safeguard Scientifics Inc (SFE) saw its loss widen to $22.10 million, or $1.08 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $15.45 million, or $0.76 a share. The company has not recorded any revenues for the current as well as previous quarter.
Operating loss for the quarter was $4.95 million, compared with an operating loss of $5.23 million in the previous year period.
"Safeguard's key objective for 2017 is to increase the number of exit transactions at meaningful cash-on-cash returns to drive shareholder value," said Stephen T. Zarrilli, Safeguard president and chief executive officer. "We continue to build momentum and value in our partner companies. We believe there are a number of additional opportunities for further value creation events this year."
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