Gladstone Capital Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
July 26, 2023 at 04:10 pm EDT
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Gladstone Capital Corporation reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported revenue was USD 22.82 million compared to USD 13.78 million a year ago. Net income was USD 11.88 million compared to net loss of USD 5.6 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to basic loss per share from continuing operations of USD 0.32 a year ago.
For the nine months, revenue was USD 62.68 million compared to USD 47.21 million a year ago. Net income was USD 29.57 million compared to USD 14.81 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 0.86 a year ago.
Gladstone Capital Corporation is a closed-end, non-diversified management investment company. The Companyâs investment objectives are to: achieve and grow current income by investing in debt securities of established lower middle market companies (which generally define as companies with annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $3 million to $15 million) in the United States that 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 that can grow over time to permit to sell its equity investments for capital gains. It focuses on investing in lower middle market companies. The Company externally managed by Gladstone Management Corporation (the Adviser).
GLADSTONE CAPITAL CORPORATION 
