Chief Financial Officer
SCRA is the provider of choice when corporate clients require a high return on investment and federal clients' demands are mission critical.
In a time of downward pressure on federal spending, our primary government clients – the Navy, Army, Defense Logistic Agency and similar organizations – are looking for ways to assure results and maximize the value of their financial investments. Because of our proven track record of delivering results and our effective open source model, SCRA continues to grow our project portfolio and client base.
SCRA continues to capture impressive follow-on business.
Record-breaking backlog numbers indicate that SCRA's growth will remain steady. Backlog has reached over $480 million, representing a 19 percent increase from last year's record. Backlog growth will assist us in reaching the aggressive goals for future scope we have outlined in our 5-year strategic plan.
SCRA will continue to deliver on our public mission.
Since 2006, SCRA's business performance has enabled us to deploy over
$65 million in net revenues and private donations into SC technology companies and R&D infrastructure. Through its flagship SC Launch program, SCRA Technology Ventures has not only supported over 280 early-stage companies, but also assisted with the relocation of 12 technology companies to the state and matched 44 federal SBIR grants for innovative small businesses. SC Launch-supported companies have acquired $185 million dollars in follow-on funding from angel, venture and other private funding sources. This private co-investment represents a very high confidence factor in SCRA's knowledge-base and investment acumen regarding early-stage technology companies.
Chief Financial Officer
SCRA is a Rigorously Examined Company with a 30-year History of Clean Audit Reports.
Since its 1983 inception, SCRA has received an unqualified (clean) opinion on its financial report of consolidated operations, which includes its affiliate SC Launch, Inc. The opinion was rendered by BDO USA, LLP, a nationally recognized public audit firm and independent member of BDO International. An outcome of the annual audit process is a level of assurance related to the information presented in SCRA’s financial statements and the representation of the financial condition of SCRA as reflected in the statements. While it is SCRA’s intention to provide accurate information and SCRA has made every effort to ensure the integrity of the information provided on this website, these financial statements are presented for the convenience of the reader for informational purposes only and should not be relied upon for decision making. A copy of the printed consolidated financial statements will be provided on request. Click here to view the complete BDO Audit of SCRA's Consolidated Financial Statements for 2011 and 2012.