Gladstone Investment Q2 net investment loss $1.73M; NAV rises to $14.03; declares $1.24 in Q3 distributions

GLADSTONE INVESTMENT CORPORATION\DE

2024-Q2 EPS reported $0.20

Net investment loss of $(0.05) per share; adjusted net investment income $0.24 per share (non-GAAP).
NAV per share increased 8% to $14.03 from $12.99, driven by $48.8M unrealized appreciation.
Invested $46M in new portfolio company The E3 Company and $18.7M add-on in Nocturne Villa Rentals.
After quarter: exited Counsel Press, generating $43.5M realized gain and $1.4M success fee.
Q3 2024 distributions declared total $1.24/share, including $0.88 supplemental in December.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLADSTONE INVESTMENT CORPORATION\DE reported second fiscal quarter ended September 30, 2023 results: revenue $20,277, net income $47,356, EPS $1.40.

Period: second fiscal quarter ended September 30, 2023
Revenue: $20,277
Net income: $47,356
EPS: $1.40
Result: reported results

Exact text from the filing

Information: (dollars in thousands, except per share data (unaudited)) : September 30, 2023 June 30, 2023 $ Change % Change For the quarter ended: Total investment income $ 20,277 $ 20,300 $ (23) (0.1) % Total expenses, net (A) 22,007 11,860 10,147 85.6 % Net investment (loss) income (A) (1,730) 8,440 (10,170) NM Net realized gain 289 1,155 (866) (75.0) %

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Source: SEC EDGAR

accession 0001321741-23-000027

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