.jpg)
23 hours ago
1
Article content
TORONTO, May 29, 2025 (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 and nine months ended March 31, 2025.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
Article content
As at March 31, 2025, the Company had cash, investments and digital assets of $37.4 million.
Article content
As at March 31, 2025, net asset value per share was $0.53 as compared to $0.86 as at June 30, 2024. (See “Use of Non-GAAP Financial Measures” elsewhere)
Article content
Article content
Financial Highlights for the three and nine months ending March 31, 2025 with comparatives:
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
| Operating Results | Three months ended March 31, | Nine months ended March 31, | ||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Net investment and digital assets gains (losses) | $ | (4,838,215) | $ | 4,486,530 | $ | (6,348,077) | $ | 7,861,037 | ||||
| Operating, general and administrative expenses | (815,096) | (1,059,859) | (2,812,064) | (2,581,273) | ||||||||
| Net income (loss) for the period | (5,463,310) | 3,709,026 | (8,778,468) | 5,902,964 | ||||||||
| Total comprehensive income (loss) for the period | (5,463,838) | 3,708,589 | (8,779,393) | 5,902,545 | ||||||||
| Basic earnings (loss) per common share | (0.08) | 0.07 | (0.15) | 0.11 | ||||||||
| Diluted earnings (loss) per common share | (0.08) | 0.07 | (0.15) | 0.11 | ||||||||
Article content
| Consolidated statement of financial position highlights | March | June 30, 2024 | ||||
| Cash | $ | 7,567 | $ | 482,146 | ||
| Investments, at fair value | 36,263,127 | 51,577,705 | ||||
| Digital assets, at fair value less cost to sell | 1,097,449 | 3,156,065 | ||||
| Total assets | 41,016,482 | 56,174,715 | ||||
| Total liabilities | 633,307 | 11,455,313 | ||||
| Share capital, contributed surplus, warrants | 156,016,658 | 151,573,492 | ||||
| Foreign currency translation reserve | 874,177 | 875,102 | ||||
| Deficit | (116,507,660) | (107,729,192) | ||||
Article content
Article content
Sheldon Inwentash, Chairman and CEO, stated “Although ThreeD recognized losses during the quarter, the Company’s portfolio remains fundamentally strong, with key investments continuing to achieve significant milestones and growth targets. This past quarter, we observed encouraging developments across several holdings, particularly in the micropayments, artificial intelligence, and digital asset sectors. As the Company maintains these promising investments, ThreeD also remains focused on expanding its network to pursue new investment opportunities that align with our strategic vision.”
Article content
Use of Non-GAAP Financial Measures:
Article content
This press release contains references to “net asset value per share” (“NAV”) which is a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and thus no applicable quantitative reconciliation for such non-GAAP financial measure. The Company believes that the measure provides information useful to its shareholders in understanding our performance, and may assist in the evaluation of the Company’s business relative to that of its peers.
English (US)