Safeguard swings to loss for 2012

Posted: March 08, 2013

Safeguard Scientifics Inc., the Wayne holding company that had $213 million invested in 18 health-care and technology firms as of Dec. 31, said those companies had aggregate revenue of $197.3 million for 2012.

For the year, Safeguard lost $39.4 million, or $1.88 per share, compared to net income of $110.6 million, or $4.47 per share in 2011.

For 2013, Safeguard said it projects aggregate revenue between $250 million and $270 million as it increases its roster to 25 companies.

In fourth-quarter earnings, losses narrowed to $10.8 million or 51 cents per share, compared to a loss of $24.5 million or $1.18 per share for the last three months of 2011.

Afternoon shares were down 15 cents, to $15.51.

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