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GAIN| Name | Value |
|---|---|
| Revenues | 20.0M |
| Cost of Revenue | 4.8M |
| Gross Profit | 15.2M |
| Operating Expense | -1.1M |
| Operating I/L | -26.7M |
| Other Income/Expense | -1.8M |
| Interest Income | 17.2M |
| Pretax | 4.7M |
| Income Tax Expense | -11.7M |
| Net Income/Loss | 16.4M |
Gladstone Investment Corporation is a business development company specializing in lower middle market buyouts, debt refinancing, and senior and subordinated debt securities. It focuses on manufacturing, consumer products, and business/consumer services sectors, investing in small to mid-sized US companies with revenues between $20 million and $100 million and EBITDA from $3 million to $20 million. The fund typically makes debt investments between $5 million and $30 million and equity investments between $10 million and $40 million, seeking minority equity ownership and a board seat in its portfolio companies. It aims to hold investments for seven years and exit through sale, recapitalization, or IPO.
