GAIN FY 2021 Earnings Report — Gladstone Investment Corporation Revenue & Financial Results | Market Cap Arena

Gladstone Investment CorporationGAIN

FY 2021 Earnings

Reported May 11, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$53M	—	$12M	—	344.4%
Op. Income	$42M	—	-$7M	—	686.9%
Gross Margin	91.6%	—	66.9%	—	24.7pp
Net Margin	79.8%	—	-60.5%	—	140.3pp
EPS (Diluted)	$1.28	—	$-0.22	—	681.8%
Free Cash Flow	$45M	—	$35M	—	26.9%

Revenue Flow

Item	Amount
REVENUE	$53M
Cost of Revenue	$4M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$393.0K
Operating Expenses	$6M
Cost & Expenses	$11M
OPERATING INCOME	$42M
Interest Income	$47M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$0
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$0
EBIT	$42M
EBITDA	$42M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$53M
Cost of Revenue	$4M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$393.0K
Operating Expenses	$6M
Cost & Expenses	$11M
OPERATING INCOME	$42M
Interest Income	$47M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$0
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$0
EBIT	$42M
EBITDA	$42M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$8M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$45M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$95M
Sales/Maturities of Investments	$21M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$75M
Net Debt Issuance	$95M
Common Stock Repurchased	-$58M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	$45M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$8M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$634M
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$636M
TOTAL ASSETS	$644M
Account Payables	$563.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$17M
Long-Term Debt	$244M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$384.0K
TOTAL NON-CURRENT LIABILITIES	$244M
TOTAL LIABILITIES	$261M
Common Stock	$33.0K
Additional Paid-In Capital	$401M
Retained Earnings	-$18M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$382M
Minority Interest	$0
TOTAL EQUITY	$382M
TOTAL LIABILITIES & EQUITY	$644M
Total Debt	$244M
Net Debt	$242M