OFS Capital Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 08:02 am EDT
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OFS Capital Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 13.37 million compared to USD 10.59 million a year ago. Net loss was USD 9.56 million compared to net income of USD 13.17 million a year ago. Basic loss per share from continuing operations was USD 0.71 compared to basic earnings per share from continuing operations of USD 0.98 a year ago.
For the nine months, revenue was USD 34.75 million compared to USD 32.5 million a year ago. Net loss was USD 10.02 million compared to net income of USD 39.78 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to basic earnings per share from continuing operations of USD 2.97 a year ago.
OFS Capital Corporation is an externally managed, closed-end, non-diversified management investment company. The Company's investment objective is to provide stockholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments. The Company offers flexible solutions through a variety of asset classes including senior secured loans, which includes first-lien, second lien and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants and other equity securities. It may also make investments through OFSCC-FS, LLC (OFSCC-FS) for the purpose of acquiring senior secured loan investments. It may make investments directly, or follow-on investments in current portfolio companies held through OFS SBIC I LP (SBIC LP), its investment company subsidiary. The Company's investment activities are managed by OFS Capital Management, LLC.
OFS CAPITAL CORPORATION 
