Negative Revenues Disappoint the Investors
Seraphim Space Investment Trust Plc (LON: SSIT) is an investment company that operates as a closed-end fund. Its primary objective is to invest in a diversified portfolio of early and growth-stage Space Tech businesses globally. The company was established in May 2021 and currently. The Dark Side of Startup Investing Since the company is investing in startups, this involves high risk. The data shows that out of 100 startups invested in, generally, only 5 are able to be successful, covering all the losses. It makes startup investing the most risky asset class out there. The above 5 out of 100 analysis is also proven right in the case of SSIT, as it is showing negative revenues because of realized investment losses. As consequências In the half-yearly report of December, the company reported a total revenue of -£1.9M. The negative figure was quite concerning to the stakeholders as it indicated that the company was not generating enough revenue to cover its expenses. Moreover, the company also had to bear selling and general expenses of £13.7M in the same period, which further added to its losses. The net income of the firm was reported to as a negative £17B, which was a significant decline. The companys management