Stack Capital Group (STCK) Q2 2024 earnings summary

Executive summary

• Book Value per Share (BVPS) rose to $11.24 as of June 30, 2024, up from $11.03 at March 31, 2024.

• Book Value reached $103.6 million at quarter-end, reflecting portfolio appreciation and new investments.

• Ten private company investments contributed $10.04 per share to BVPS as of June 30, 2024.

Financial highlights

• SpaceX tender valuation increase led to a $1.7 million fair value gain, or $0.18 per share.

• Cash position stood at $11.4 million, or $1.25 per share, as of June 30, 2024.

• Investment in Defence AI LP totaled $2.1 million (US$1.5 million), offering hybrid debt and equity exposure.

• Prove Identity's fair value includes an unrealized deferred gain of $972,091.

Outlook and guidance

• Management remains focused on maximizing long-term performance through high-growth private business investments.

• Forward-looking statements caution that actual results may differ due to various risk factors and market conditions.