ThreeD Capital Inc. Reports Mixed Results for Q3 and Q6 2024

ThreeD Capital Inc. (CSE:IDK / OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, has released its unaudited results for the three and six months ended December 31, 2024. The company reported a net loss of $1.1 million for the quarter, compared to a net income of $6.8 million in the same period last year. For the six months ended December 31, 2024, the company reported a net loss of $3.3 million, compared to a net income of $2.2 million in the same period last year.

Sheldon Inwentash, Chairman and CEO of ThreeD Capital, stated, "We are optimistic that the digital assets and investments within ThreeD's portfolio will generate future economic growth to the Company. As global markets continue to experience uncertainty, we see tremendous opportunities for innovation and sustainable growth as we continue to invest in emerging companies that align with our strategic vision."

The company's investment strategy focuses on multiple private and public companies across various sectors, with a focus on early-stage, promising companies where it may be the lead investor. This strategy allows ThreeD to capitalize on emerging trends and technologies, as well as benefit from the growth of the companies it invests in.

However, the company's financial performance for the quarter and six months ended December 31, 2024, reflects the challenges faced by the venture capital industry in the current market conditions. The decrease in net asset value per share from $0.86 to $0.76 is primarily due to the decrease in net investment and digital assets gains and the increase in operating expenses.



In conclusion, ThreeD Capital Inc. faces challenges in the current market conditions, but its strategic vision and investment strategy remain focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. The company's optimism for future economic growth and its continued investment in emerging companies suggest that it believes the risks associated with its investment strategy are outweighed by the potential opportunities. However, it is important for ThreeD Capital to continue to monitor the progress of its investments and the broader market conditions to mitigate these risks.