Name | Value |
---|---|
Revenues | 120.0M |
Cost of Revenue | 119.4M |
Gross Profit | 0.6M |
Operating Expense | 1.9M |
Operating I/L | 83.1M |
Other Income/Expense | -94.9M |
Interest Income | 34.4M |
Pretax | -11.8M |
Income Tax Expense | 11.3M |
Net Income/Loss | -23.1M |
TriplePoint Venture Growth BDC Corp. is a business development company specializing in providing debt financing to venture growth stage companies, offering growth capital loans, secured and customized loans, equipment financings, and revolving loans. It also makes direct equity investments in e-commerce, entertainment, technology, and life sciences sectors, focusing on areas such as security, wireless communication equipment, big data, cloud computing, pharmaceuticals, and biotechnology. The company targets returns between 10% and 18% and structures its debt financing products as lines of credit, investing through warrants and secured loans. It does not take board seats in the companies it invests in.