Firsthand Technology Value Fund, Inc.

SVVCdata completeness 38%6 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'stockholdersEquity'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	—	—	—
Net income	−$7.39M¹	−$64.1M²	−$29.3M³	−$199,692³	−$1.3M³
Operating cash flow	−$729⁴	$3,404⁵	−$639⁶	−$253⁶	−$2,512⁶
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	—	$3,404⁷	—	—	—
Diluted shares	6.9M	6.9M	6.9M	6.9M	6.9M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

—

your share of equity

Profit it earned you last year

−$1.88

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares of this business that earned you −$1.88 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →

Management signal · capital allocation

−0% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts

10-K/A · period ending 2021-12-31 · accession 0001437749-24-011886 (NetIncomeLoss)
10-K · period ending 2022-12-31 · accession 0001437749-25-009337 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001437749-26-010331 (NetIncomeLoss)
10-K/A · period ending 2021-12-31 · accession 0001437749-24-011886 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2022-12-31 · accession 0001437749-25-009337 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2023-12-31 · accession 0001437749-26-010331 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2022-12-31 · accession 0001398344-23-007141 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)