Name | Value |
---|---|
Revenues | 3,818.1K |
Cost of Revenue | 85.1K |
Gross Profit | 3,733.0K |
Operating Expense | 792.0K |
Operating I/L | 3,026.1K |
Other Income/Expense | 2,192.1K |
Interest Income | 1,473.6K |
Pretax | 3,026.1K |
Income Tax Expense | 354.2K |
Net Income/Loss | 2,671.9K |
Rand Capital Corporation is a business development and investment company that focuses on private equity investments in lower middle market and small to medium-sized privately held companies. It invests in companies with new or unique products, technologies, or services, particularly in healthcare, consumer products, manufacturing, software, and professional services sectors. Rand Capital typically invests between $0.5 million and $1.5 million, with total investment rounds ranging from $1 million to $5 million. The firm seeks to be a lead investor in its geographical area and prefers to be a minority investor, aiming to take a Board seat in its portfolio companies. It holds investments for five to seven years.