Gladstone Investment Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 01, 2023 at 04:12 pm EST
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Gladstone Investment Corporation reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported revenue was USD 21.59 million compared to USD 16.74 million a year ago. Net income was USD 15.78 million compared to USD 10.35 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.47 compared to USD 0.31 a year ago.
For the nine months, revenue was USD 61.69 million compared to USD 53.31 million a year ago. Net income was USD 30.89 million compared to USD 85.62 million a year ago. Basic earnings per share from continuing operations was USD 0.93 compared to USD 2.58 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 2.58 a year ago.
Gladstone Investment Corporation is a business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States. The Company operates as an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses, generally in combination with the aforementioned debt securities, that it believe can grow over time to permit them to sell its equity investments for capital gains. Its investment advisor is Gladstone Management Corporation.
GLADSTONE INVESTMENT CORPORATION 
