NASDAQ$FDUS

Fidus Investment Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full year ended December 31, 2021.

Fidus Investment Corporation reported a total investment income of $24.1 million, net investment income of $2.4 million, or $0.10 per share, and adjusted net investment income of $12.0 million, or $0.49 per share for the fourth quarter of 2021. The NAV grew to $487.8 million, or $19.96 per share.

  • Total investment income of $24.1 million
  • Net investment income of $2.4 million, or $0.10 per share
  • Adjusted net investment income of $12.0 million, or $0.49 per share
  • Net asset value (“NAV”) of $487.8 million, or $19.96 per share, as of December 31, 2021

Headline financials

Total Revenue

$24.1M

Previous: $23.6M+2.0%
EPS (adj)

$0.49

Previous: $0.44+11.4%
NAV per share

$19.96

Previous: $16.81+18.7%
Repayments and Realizations

$154M

Previous: $101M+52.6%
Investment Activity

$101M

Previous: $104M-2.6%
Net Income

$2.45M

Previous: $6.04M-59.5%
Operating Income

$2.93M

Previous: $6.75M-56.7%
Cash & Equivalents

$169M

Previous: $124M+36.3%
Total Assets

$897M

No prior period

Revenue & EPS history

Fidus Investment · Revenue · Quarterly

$24.1M

Q4 2021+2%vs Q4 2020
Beat estimate in 8 of 11 quarters(73%)
ActualEstimate

Revenue by segment

Fidus Investment · $24.1M total across 5 segments · Q4 2021

  • Interest income
    $18.3M-0.7%
  • Fee income
    $3.59M+62.1%
  • Dividend income
    $1.26M-31.7%
  • Payment-in-kind interest
    $962K-16.3%
  • Interest on idle funds
    $1

Forward guidance

The Board of Directors elected to increase the total dividend to shareholders to $0.53 per share for the first quarter of 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.7%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.9%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+16.1%

Q2 2020

Best reaction

-9.9%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%+1.5%-0.6%
Q4 2025-3.8%+1.1%-8.0%
Q3 2025-0.7%-5.4%-5.1%
Q1 2025+1.5%+7.7%+8.1%
Q4 2024+1.3%-2.3%-13.8%
Q3 2024-0.2%-2.0%+9.3%
Q2 2024-1.4%-1.6%+2.9%
Q1 2024-2.4%-3.0%-2.3%
Q4 2023-0.2%-1.7%+0.1%
Q3 2023+4.6%+4.5%+5.0%
Q2 2023-1.8%-3.8%-8.4%
Q1 2023+2.5%+1.9%+4.3%
Q4 2022+0.2%-0.1%-12.5%
Q3 2022+3.1%+4.7%-0.2%
Q2 2022+6.0%+3.5%+4.0%
Q1 2022+1.0%-3.5%+0.0%
Q4 2021+6.4%+5.7%+9.4%
Q3 2021+1.2%+0.8%-0.6%
Q2 2021+4.7%+8.2%+9.7%
Q1 2021+5.5%+1.5%+5.1%
Q4 2020+2.4%+5.4%+4.9%
Q3 2020+4.4%+9.6%+40.6%
Q2 2020+16.1%+21.3%+16.3%
Q1 2020-9.9%-15.4%+0.5%

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