ThreeD Capital Inc. Releases Results For the Three Months Ended September 30, 2024

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ThreeD Capital Inc
ThreeD Capital Inc

TORONTO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce its unaudited results as at and for the three months ended September 30, 2024.

As at September 30, 2024, the Company had cash, investments and digital assets of $43.6 million.

As at September 30, 2024, net asset value per share was $0.80 as compared to $0.86 as at June 30, 2024. (See “Use of Non-GAAP Financial Measures” elsewhere)

Financial Highlights for the three months ending September 30, 2024 with comparatives:

Operating Results

Three months ended September 30,

 

2024

 

 

2023

 

Net investment and digital assets gains (losses)

$

(118,701

)

$

7,625,814

 

Operating, general and administrative expenses

 

(1,043,448

)

 

(922,661

)

Net income (loss) for the period

 

(1,098,580

)

 

6,794,693

 

Total comprehensive income (loss) for the period

 

(1,098,329

)

 

6,794,317

 

Basic income (loss) per common share

 

(0.02

)

 

0.13

 

Diluted income (loss) per common share

 

(0.02

)

 

0.13

 


Consolidated statement of financial position highlights


September 30, 2024

 


June 30, 2024

 

Cash

$

4,057

 

$

              482,146

 

Investments, at fair value

 

40,739,289

 

 

51,577,705

 

Digital assets, at fair value less cost to sell

 

2,865,417

 

 

3,156,065

 

Total assets

 

46,008,015

 

 

56,174,715

 

Total liabilities

 

913,886

 

 

11,455,313

 

Share capital, contributed surplus, warrants

 

153,046,548

 

 

151,573,492

 

Foreign currency translation reserve

 

875,353

 

 

875,102

 

Deficit

 

(108,827,772

)

 

(107,729,192

)


130
Spadina Avenue, Suite 401, Toronto, Ontario M5V 2L4,
Tel/Fax: (416) 941-8900

Sheldon Inwentash, Chairman and CEO, stated “In Q1, the Company identified and capitalized on exceptional opportunities to invest in groundbreaking innovations and transformative technologies. These strategic investments have strengthened our portfolio, positioning it for substantial growth. Looking ahead, we remain committed to driving value for our shareholders by supporting emerging resource ventures and disruptive technologies sectors that have immense growth potential.”