PROSPECT CAPITAL Reports Positive Earnings Results for Fourth Quarter of FY2023
September 5, 2023
☀️Earnings Overview
PROSPECT CAPITAL ($NASDAQ:PSEC) announced their financial results for the fourth quarter of FY2023 on June 30 2023. Total revenue increased by 137.8% compared to the previous year, amounting to USD 15.6 million. Net income also rose 115.9% year-over-year to USD 7.5 million.
Stock Price
The company’s strong and steady growth was driven by its investments in the technology, healthcare, and financial services industries. Overall, PROSPECT CAPITAL‘s fourth quarter results were strong and encouraging, showing that the company is continuing to make effective investments and manage its finances responsibly. With a strong balance sheet and continued revenue growth, the company is in a great position to capitalize on potential opportunities in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Prospect Capital. More…
| Total Revenues | Net Income | Net Margin |
| -60.9 | -172.47 | 166.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Prospect Capital. More…
| Operations | Investing | Financing |
| -306.86 | – | 767.09 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Prospect Capital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.86k | 4.13k | 9.24 |
Key Ratios Snapshot
Some of the financial key ratios for Prospect Capital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 50.4% | – | – |
| FCF Margin | ROE | ROA |
| 503.9% | -1.7% | -0.8% |
Analysis
GoodWhale has analyzed PROSPECT CAPITAL‘s financials and based on our Star Chart classification of the company as a ‘cow’, we can conclude that they have a track record of consistently paying out sustainable dividends. This type of company would be attractive for investors seeking a regular income stream. When looking at PROSPECT CAPITAL’s health score on GoodWhale, it comes in at 5/10, indicating that while the company is doing alright in terms of its cashflows and debt, it may not be able to pay off debt and finance future operations with relative ease. Upon further analysis, PROSPECT CAPITAL scores highly on dividend but weakly on asset growth, profitability, and debt. This is indicative of a company that focuses more on income rather than growth or expansion. While it may not be the best choice for investors looking for a high yield return or accelerated capital growth, it could be a good option for those seeking a steady and reliable dividend income. More…
Peers
The company was founded in 1988 and is headquartered in New York, NY. As of December 31, 2018, Prospect Capital had $6.8 billion of assets under management. Reinet Investments SCA is a Luxembourg-based closed-end investment company. The Company’s investment objective is to provide shareholders with long-term capital growth through a diversified portfolio of investments in quoted and unquoted companies. PennantPark Investment Corporation is a business development company specializing in investments in middle market companies. The firm focuses on investments in the form of subordinated debt, equity, and mezzanine financing. It invests in various sectors, which include business services, healthcare, energy, media, and commercial and industrial services. The firm was founded in 2007 and is headquartered in New York, New York. Spice Private Equity AG is a Germany-based private equity firm focused on small and medium sized companies. The firm prefers to make investments in companies with revenues between EUR 10 million and EUR 200 million.
– Reinet Investments SCA ($LTS:0JR9)
Reinet Investments SCA is a publicly traded company with a market capitalization of 2.91 billion as of 2022. The company is engaged in a variety of businesses, including insurance, real estate, and private equity. It is headquartered in Luxembourg.
Summary
PROSPECT CAPITAL reported its fourth quarter FY2023 earnings results on June 30 2023, and the results were impressive. Total revenue increased by 137.8%, to USD 15.6 million, while net income rose 115.9%, to USD 7.5 million. This indicates that the company is in a strong financial position and has the potential for further growth. Investors should take note of PROSPECT CAPITAL’s impressive financial performance, as it may present an opportunity for long-term investment and capital appreciation.
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