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Stock impact report

Firsthand Technology Value Fund Holding Pivotal Systems Announces Financial Results for 1H’18

Firsthand Technology Value Fund, Inc. (SVVC) 
US:NASDAQ Investor Relations: firsthandtvf.com
Company Research Source: GlobeNewswire
SAN JOSE, Calif., Aug. 29, 2018 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, announced today that Pivotal Systems (ASX: PVS) (the “Company”) has released its financial results for the first half of its 2018 fiscal year. Revenue for the year-to-date period ended July 2, 2018, increased 23% to $11.19 million, as compared with $9.07 million in revenue for the first half of 2017. Gross margins improved to 37% during the period, up from 18% in the year-ago period, and the Company generated positive cash flow from operations of $0.33 million. On July 31, 2018, Pivotal repaid all outstanding borrowings with Bridge Bank, totaling $5.07 million. The Company also recently announced the appointment of Peter McGregor as an Independent Non-Executive Director and Chair of the Company’s Remuneration Committee, effective August 23, 2018. Mr. McGregor has extensive c Show less Read more
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