Name | Value |
---|---|
Revenues | 21.5M |
Cost of Revenue | 5.4M |
Gross Profit | 16.1M |
Operating Expense | -1.4M |
Operating I/L | 16.9M |
Other Income/Expense | -5.2M |
Interest Income | 18.4M |
Pretax | 8.8M |
Income Tax Expense | 14.0M |
Net Income/Loss | 8.8M |
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.