Jun 30, 2023

Fidus Investment Q2 2023 Earnings Report

Announced financial results for the second quarter ended June 30, 2023.

Key Takeaways

Fidus Investment Corporation reported a total investment income of $30.6 million and net investment income of $16.8 million, or $0.67 per share, for the second quarter ended June 30, 2023. The company's board of directors declared total dividends of $0.72 per share for the third quarter of 2023.

Total investment income of $30.6 million

Net investment income of $16.8 million, or $0.67 per share

Adjusted net investment income of $15.6 million, or $0.62 per share

Net asset value (“NAV”) of $483.3 million, or $19.13 per share, as of June 30, 2023

Total Revenue
$30.6M
Previous year: $21.2M
+44.5%
EPS
$0.62
Previous year: $0.43
+44.2%
NAV per share
$19.1
Previous year: $19.8
-3.4%
Repayments and Realizations
$60.6M
Previous year: $44.8M
+35.3%
Investment Activity
$95.8M
Previous year: $45.7M
+109.6%
Cash and Equivalents
$38M
Previous year: $72.5M
-47.6%
Total Assets
$982M
Previous year: $909M
+8.1%

Fidus Investment

Fidus Investment

Fidus Investment Revenue by Segment

Forward Guidance

The volume of deal activity in the lower middle market offers opportunities to invest selectively in high-quality companies, and Fidus intends to remain focused on long-term goals of growing NAV over time, preserving capital and generating attractive risk-adjusted returns for shareholders.