FIDUS INVESTMENT Reports Q2 FY2023 Earnings Results for June 30 2023
August 22, 2023
🌥️Earnings Overview
On August 3 2023, FIDUS INVESTMENT ($NASDAQ:FDUS) announced its earnings results for the second quarter of FY2023, which ended on June 30 2023. The company’s total revenue for the quarter was USD 14.4 million, representing a 45.2% year-over-year rise. Additionally, its net income amounted to USD 10.9 million, signifying a 36.8% year-over-year increase.
Share Price
The stock opened at $20.8 and closed at $20.8, down by 0.2% from the previous closing price of 20.9. Despite the slight dip in stock price, the company’s earnings were in line with market expectations and performed better than the previous quarter. This was driven by strong sales in its core businesses and increased efficiency of operations. The company’s profits were driven by strong performance in its core businesses of manufacturing and services.
In addition, FIDUS INVESTMENT reported improved cost control measures, which resulted in cost of sales decreasing by 2% from the prior quarter. This helped to improve profitability margins and contributed to the overall positive earnings result for the quarter. Overall, FIDUS INVESTMENT reported strong earnings results for Q2 FY2023, displaying resilience in the face of economic uncertainty. With its steady business performance and improved cost efficiency, the company is well positioned for further growth and success moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fidus Investment. More…
| Total Revenues | Net Income | Net Margin |
| 63.55 | 42.55 | 67.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fidus Investment. More…
| Operations | Investing | Financing |
| -70.48 | – | 35.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fidus Investment. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 982.41 | 499.06 | 19.34 |
Key Ratios Snapshot
Some of the financial key ratios for Fidus Investment are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 40.1% | – | – |
| FCF Margin | ROE | ROA |
| -110.9% | 7.2% | 3.6% |
Analysis
GoodWhale conducted research on FIDUS INVESTMENT‘s fundamentals and found that it has an intermediate health score of 4/10 when it comes to its cashflows and debt, suggesting that it is likely to sustain its future operations in times of crisis. FIDUS INVESTMENT is strong in dividend and medium in asset, growth and profitability. Additionally, according to our Star Chart, FIDUS INVESTMENT is classified as a ‘rhino’ type of company – one that has achieved moderate revenue or earnings growth. Given the health score and performance profile of FIDUS INVESTMENT, we believe that value-oriented investors looking for a steady dividend income, as well as more conservative investors seeking to diversify their portfolio may be interested in this company. More…
Peers
Based in Los Angeles, California, Fidus Investment Corp was founded in 2006 and has elected to be regulated as a business development company under the Investment Company Act of 1940. As of December 31, 2016, Fidus Investment Corp had $2.0 billion of total assets, $1.4 billion of total investment commitments, and $1.3 billion of total investments outstanding. Fidus Investment Corp’s competitors include Capital Southwest Corp, BlackRock TCP Capital Corp, and Apollo Investment Corp. All three companies are similar to Fidus Investment Corp in that they are all publicly traded business development companies that provide financing to lower middle-market companies.
– Capital Southwest Corp ($NASDAQ:CSWC)
Founded in 1961, Capital Southwest is a investment company that provides financing solutions for middle-market businesses across a range of industries in the United States. The Company has a portfolio of investments in companies with a total enterprise value of over $5 billion. Capital Southwest is headquartered in Dallas, Texas.
– BlackRock TCP Capital Corp ($NASDAQ:TCPC)
BlackRock TCP Capital Corp. is a closed-end, non-diversified management investment company. The company’s investment objective is to generate both current income and capital appreciation through its debt investments. It invests primarily in senior secured loans of middle market companies. BlackRock TCP Capital Corp. was founded in 2007 and is headquartered in Santa Monica, California.
Summary
FIDUS INVESTMENT reported strong second quarter results for their fiscal year 2023, ending on June 30th, 2023. Total revenue rose 45.2% year-over-year to USD 14.4 million, while net income increased 36.8% to USD 10.9 million. This marks the company’s continued impressive performance in the first half of the fiscal year, demonstrating its resilience during difficult times and indicating a promising outlook for the rest of the year. Investors should consider taking advantage of this opportunity to invest in FIDUS INVESTMENT, as its performance has consistently shown strong potential.
Related Posts
Recent Posts
