Financial Highlights

GLADSTONE INVESTMENT CORPORATION (NASDAQ - GAIN)

Period Ending
03/31/08

Balance Sheet

Cash and Cash Equivalents	$9,360,154
Net Receivables	$6,150,141

Long Term Investments	$335,604,054
Goodwill	$0
Other Assets	$855,196
Deferred Long-Term Asset Charges	$323,547

Total Assets

$352,293,092

Accounts Payable

$924,453

Total Liabilities

$145,848,143

Common Stock	$16,560
Retained Earnings	$-17,744,143
Capital Surplus	$224,172,532

Total Stockholder Equity

$206,444,949

Net Tangible Assets

$206,444,949

Income Statement

Total Revenue	$27,893,480
Cost of Revenue	$4,922,884

Gross Profit

$22,970,596

Seling General and Ad	$1,451,466
Non Recurring	$0
Other Operating Expenses	$734,195

Operating Income	$20,784,935
Total Other Income and Expenses Net	$-13,992,711
Earnings Before Intrest and Taxes	$20,784,935
Interest Expense	$7,733,385

Income Before Tax

$13,051,550

Net Income from Continuing Operations	$-941,161
Net Income	$-941,161

Net Income Applicable to Common Shares

$-941,161

Cashflow

Depreciation	$12,536,741
Adjustments to Net Income	$2,411,654
Changes in Liabilities	$172,919
Changes in Accounts Receivables	$7,940,335
Changes in Other Operating Activities	$-703,826
Cash Flows from Operating Activities	$21,416,662
Investments	$-78,817,768
Cash Flows from Investing Activities	$-78,817,768
Dividends Paid	$-15,400,891
Sale Purchase of Stock	$-31,508
Net Borrowings	$44,404,718
Cash Flows from Financing Activities	$28,972,319
Change in Cash and Cash Equivalents	$-28,428,787

SEC filing data provided by EDGAR Online. EDGAR Online, Inc. (EOL) herein make no claims, representations or warranties concerning the accuracy, timeliness or validity of the information provided herein and will not be held liable for any use of this information. All information is provided "As Is" and EOL disclaims any and all warranties, whether expressed or implied, relating to this information, including, without limitation, the warranties of merchantability, fitness for a particular purpose, and non-infringement. In no event shall EOL be liable or responsible for any loss, damage (whether actual, indirect, special, incidental, consequential, punitive, or otherwise), injury, claim, liability, or other cause of any kind or character whatsoever arising out of this information. The information provided herein may be displayed and printed for your internal use only and may not be reproduced, retransmitted, distributed, disseminated, sold, published, broadcast or circulated to anyone, without the express written consent of EOL.