SLR Investment Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:21 pm EST
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SLR Investment Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 59.64 million compared to USD 47.57 million a year ago. Net income was USD 26.95 million compared to USD 13.53 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.25 a year ago.
For the nine months, revenue was USD 169.53 million compared to USD 123.35 million a year ago. Net income was USD 52.77 million compared to net loss of USD 0.655 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
SLR Investment Corp. is a closed-end, externally managed, non-diversified management investment company. The Company invests primarily in privately held United States middle-market companies. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and to a lesser extent, unsecured loans, and equity securities. In addition, it invests in foreign markets, including emerging markets. Its investments generally range between $ five million and $100 million each. It also invests a portion of its portfolio in other types of investments, such as opportunistic investments. It invests in various sectors, such as diversified financial services, multi-sector holdings, health care providers & services, pharmaceuticals, and more. The Company's investment manager is SLR Capital Partners, LLC.
SLR INVESTMENT CORP. 
