Dec 31, 2023

Fidus Investment Q4 2023 Earnings Report

Announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Takeaways

Fidus Investment Corporation reported a total investment income of $36.3 million, net investment income of $16.9 million, or $0.58 per share, and adjusted net investment income of $18.8 million, or $0.65 per share for the fourth quarter of 2023. The company invested $132.7 million in debt and equity securities and received proceeds from repayments and realizations of $112.5 million. The NAV was $589.5 million, or $19.37 per share, as of December 31, 2023.

Total investment income was $36.3 million.

Net investment income was $16.9 million, or $0.58 per share.

Adjusted net investment income was $18.8 million, or $0.65 per share.

NAV was $589.5 million, or $19.37 per share, as of December 31, 2023.

Total Revenue
$36.3M
Previous year: $27.5M
+32.2%
EPS
$0.65
Previous year: $0.51
+27.5%
NAV per share
$19.4
Previous year: $19.4
-0.3%
Repayments and Realizations
$113M
Previous year: $65.7M
+71.2%
Investment Activity
$133M
Previous year: $65.9M
+101.4%
Cash and Equivalents
$119M
Previous year: $62.4M
+91.1%
Free Cash Flow
$23.5M
Total Assets
$1.09B
Previous year: $936M
+16.6%

Fidus Investment

Fidus Investment

Fidus Investment Revenue by Segment

Forward Guidance

Fidus is well positioned to continue selectively growing the portfolio and intends to remain focused on its long-term goals of growing net asset value over time, preserving capital and delivering attractive risk-adjusted returns to shareholders.