Stellus Capital Investment (SCM) Q4 FY2023 earnings: revenue $27 million, up 18.4% on the year
Stellus Capital Investment Corp. (SCM) reported revenue of $27 million for Q4 FY2023, the quarter ended 31 December 2023, up 18.4% on the same quarter a year earlier. Net income was $11 million, up 188.7% on the year, and diluted earnings per share $0.50. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2024.
The quarter, against the one before and a year earlier
| Line | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 | Change on the year |
|---|---|---|---|---|
| Revenue | 26.7 | 26.2 | 22.6 | +18.4% |
| Interest expense | 8.0 | 8.0 | 7.6 | +4.8% |
| Income tax | 0.3 | 0.3 | 0.1 | +164.9% |
| Net income | 11.5 | -2.4 | 4.0 | +188.7% |
| Net margin | 43.0% | -9.1% | 17.6% | |
| Diluted EPS | $0.50 | -$0.11 | $0.20 | +150.0% |
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Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow and capital returned
| Line | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 25.2 | -10.5 | 36.3 | -30.7% |
| Cash from financing | -18.3 | 14.8 | -0.7 | n/a |
| Dividends paid | 12.9 | 9.1 | 8.9 | +44.8% |
| Dividend per share | n/a | $0.40 | n/a | n/a |
| Diluted shares, weighted | 22m | 23m | 20m | +12.5% |
| Shares outstanding at period end | 24m | 24m | 20m | +22.7% |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q4 FY2023 | Q3 FY2023 | Q4 FY2022 | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 320 | 318 | 276 | +16.0% |
| Debt | 99.0 | 98.9 | 98.5 | +0.5% |
| Other liabilities | 489 | 495 | 524 | -6.6% |
| Total liabilities and equity | 908 | 912 | 898 | +1.1% |
| Cash and equivalents | 26.1 | 19.2 | 48.0 | -45.6% |
| Other assets | 882 | 893 | 850 | +3.7% |
| Total assets | 908 | 912 | 898 | +1.1% |
Questions
What was Stellus Capital Investment's revenue in Q4 FY2023?
Stellus Capital Investment (SCM) reported revenue of $27 million for Q4 FY2023, the quarter ended 31 December 2023, up 18.4% on the same quarter a year earlier.
How much did Stellus Capital Investment earn in Q4 FY2023?
Net income for Q4 FY2023 was $11 million, up 188.7% on the year, and diluted earnings per share $0.50.
When did Stellus Capital Investment report Q4 FY2023 results?
Stellus Capital Investment filed its 10-K for the year that ended with the quarter on 4 March 2024; the fourth quarter is the year less the first three.
Quarterly results, the last 19 quarters
| Q3 FY2021 | Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q4 FY2022 * | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 * | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 * | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 * | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 16.5 | 15.1 | 15.7 | 19.6 | 22.6 | 23.4 | 25.7 | 26.2 | 26.7 | 25.0 | 25.2 | 25.3 | 24.3 | 24.1 | 24.7 | 25.0 | 24.0 | 22.3 | 21.6 |
| Interest expense | 4.9 | 4.9 | 5.5 | 6.4 | 7.6 | 7.9 | 8.1 | 8.0 | 8.0 | 7.8 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Net income | 12.8 | 5.2 | 1.3 | 4.0 | 4.0 | 4.7 | 3.7 | -2.4 | 11.5 | 13.1 | 8.5 | 15.5 | 8.7 | 5.0 | 10.1 | 6.7 | 5.2 | 1.7 | 16.2 |
| Net margin | 78% | 35% | 9% | 20% | 18% | 20% | 14% | -9% | 43% | 53% | 34% | 61% | 36% | 21% | 41% | 27% | 22% | 7% | 75% |
| Diluted EPS | $0.66 | $0.27 | $0.07 | $0.20 | $0.20 | $0.24 | $0.17 | -$0.11 | $0.50 | $0.54 | $0.35 | $0.59 | $0.31 | $0.18 | $0.36 | $0.23 | $0.18 | $0.06 | $0.56 |
| Operating cash flow | n/a | -62.9 | -14.0 | -15.7 | 36.3 | -32.0 | 0.1 | -10.5 | 25.2 | 4.5 | -13.1 | 11.8 | -31.8 | -36.9 | 23.7 | -20.2 | 9.0 | 22.8 | 33.4 |
| Dividends paid | n/a | 4.4 | 6.6 | 6.6 | 8.9 | 5.3 | 8.4 | 9.1 | 12.9 | 6.4 | 9.8 | 10.5 | 10.8 | 11.0 | 11.3 | 11.4 | 11.6 | 10.4 | 9.8 |
| Shares outstanding | 20m | 21m | 23m | 20m | 20m | 20m | 23m | 24m | 24m | 24m | 26m | 27m | 27m | 28m | 28m | 29m | 29m | 29m | 29m |
| Filing | 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
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* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.10-K for the period ended 31 December 2023, filed 4 March 2024: the filing.