The following is a summary of the 180 Degree Capital Corp (TURN) Q2 2024 Earnings Call Transcript:

Financial Performance:

• 180 Degree Capital Corp reported a decrease in stock price by 11.7% and a 12.8% decline in NAV.

• The public portfolio's net value decreased by approximately $5.6 million from the prior quarter.

• Significant declines were noted in Potbelly, D-Wave, and Quantum Computer, while noticeable increases were in Synchronoss, Graycove, and Mama Creations.

Business Progress:

• The company exited positions in Mama's Creations and Rhyme, alongside establishing new positions in Aviat and Hudson.

• Emphasis on constructive activism has been increased to influence company management positively in holdings like Synchronoss and comScore.

• Plans for future involve leveraging the activism strategy to improve portfolio performance.

Opportunities:

• 180 Degree Capital focuses on exploiting market inefficiencies and mispriced assets, particularly within small caps, which can provide significant upside when market conditions stabilize.

• The company is positioning itself to benefit from potential rallies in small-cap markets, which have been historically prone to more significant fluctuations but hold substantial return prospects amid economic recoveries.

Risks:

• Significant underperformance in small caps amidst market volatility and economic uncertainty has heavily impacted the portfolio.

• The ongoing challenge with market perception and investor relations in portfolio companies like Intevac and Synchronoss, hindering potential growth.

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