Runway Growth Finance (RWAY)
icon
搜索文档
Runway Growth Finance (RWAY) - 2024 Q1 - Earnings Call Transcript
2024-05-08 10:08
财务数据和关键指标变化 - 公司在第一季度实现总投资收益40百万美元,较上年同期增加约2% [11] - 公司在第一季度实现净投资收益18.7百万美元,较上年同期增加约2% [11] - 公司的加权平均投资组合风险评级从第四季度的2.39%上升至2.44% [28] - 公司的投资组合公允价值从第四季度的10.3亿美元下降1%至10.2亿美元,较上年同期下降10% [30] - 公司的每股净资产从第四季度的13.50美元下降至13.36美元 [31][32] 各条业务线数据和关键指标变化 - 公司的投资组合主要集中在优先担保贷款 [30] 各个市场数据和关键指标变化 - 公司看到更多的创业公司寻求资本,因为他们面临艰难的融资环境,希望获得非稀释性资本 [15] - 公司认为美国经济的韧性是最重要的宏观故事,这从投资组合公司的表现中可以看出 [21] - 公司认为,随着经济的恢复,预计会出现"软着陆",公司的低杠杆比率和充足的干粉为抓住符合其高信用标准的机会做好准备 [13] 公司战略和发展方向以及行业竞争 - 公司专注于选择性和审慎的贷款标准,不会为了加快投资组合增长而降低标准 [16][18] - 公司与Cadma Capital Partners成立合资公司,以获取更多交易机会 [25] - 公司将继续专注于生命科学、技术和特定消费品服务和产品行业,这些行业是公司最了解的 [23] 管理层对经营环境和未来前景的评论 - 公司认为,随着经济的恢复,预计会出现"软着陆",公司的低杠杆比率和充足的干粉为抓住符合其高信用标准的机会做好准备 [13] - 公司认为,随着利率上升,公司的投资组合将保持稳定,因为所有贷款都是浮动利率资产 [35] - 公司预计未来会有更多的提前偿还和并购活动,这将为公司提供流动性,以部署到更有吸引力的机会中 [34] 其他重要信息 - 公司在第一季度完成了2笔新增和现有投资组合公司的投资,总额为2500万美元 [10] - 公司目前有2笔贷款处于非应计状态,分别为明健康公司4.3百万美元和Snagajob公司42.3百万美元 [37] - 公司的杠杆比率和资产覆盖率分别为0.91和2.09倍 [37] - 公司在第一季度回购了约88.7万股股票 [40] - 公司宣布第一季度派发0.40美元的常规股息和0.07美元的特别股息 [40] 问答环节重要的提问和回答 问题1 **Melissa Wedel 提问** 询问公司在第二季度的管道活动情况 [44] **David Spreng 回答** 公司第一季度的管道活动有所增加,但实际交易数量与去年持平,公司正在积极评估和推进一些潜在交易 [45] 问题2 **Melissa Wedel 提问** 询问Snagajob贷款的情况 [46] **Greg Greifeld 回答** Snagajob正面临一些挑战,公司正在与管理层和股东密切合作,评估各种解决方案,力争达成有利于投资者的结果 [48][50] 问题3 **Bryce Rowe 提问** 询问公司对未来偿还和新增投资的预期 [61] **David Spreng 和 Tom Raterman 回答** 公司无法准确预测未来的偿还情况,但会努力确保新增投资能够弥补偿还带来的收益损失,预计第三季度和第四季度会有更多的提前偿还和加速收益 [62][64]
Runway Growth Finance (RWAY) - 2024 Q1 - Quarterly Report
2024-05-08 04:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-01180 Runway Growth Finance Corp. (Exact name of registrant as specified in its charter) Maryland 47-5049745 (State of incorporation) (I.R.S. Empl ...
Runway Growth Finance (RWAY) - 2024 Q1 - Quarterly Results
2024-05-08 02:39
Runway Growth Finance Corp. Reports First Quarter 2024 Financial Results Delivered Total and Net Investment Income of $40.0 million and $18.7 million, Respectively Investment Portfolio of $1.0 billion Chairman, President and CEO David Spreng Returns from Medical Leave Conference Call Today, Tuesday, May 7, 2024 at 5:00 p.m. ET MENLO PARK, Calif., May 7, 2024—Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-sta ...
Runway Growth Finance (RWAY) - 2023 Q4 - Earnings Call Transcript
2024-03-08 09:50
Runway Growth Finance Corp. (NASDAQ:RWAY) Q4 2023 Results Conference Call March 7, 2024 5:00 PM ET Company Participants Quinlan Abel - Assistant Vice President, Investor Relations Greg Greifeld - Acting CEO, Managing Director, Deputy CIO, Head of Credit Tom Raterman - Acting President and CFO and Chief Operating Officer Conference Call Participants Finian O'Shea - Wells Fargo Melissa Wedel - JP Morgan Bryce Rowe - B. Riley Eric Zwick - Hovde Group Mickey Schleien - Ladenburg Thalmann Casey Alexander - Compa ...
Runway Growth Finance (RWAY) - 2023 Q4 - Annual Report
2024-03-08 05:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-01180 Runway Growth Finance Corp. (Exact name of registrant as specified in its charter) Maryland 47-5049745 (State of incorpora tion) (I.R.S. Employer ...
Runway Growth Finance (RWAY) - 2023 Q4 - Annual Results
2024-03-08 05:01
Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year Ended 2023 Financial Results Delivered Total and Net Investment Income of $39.2 million and $18.3 million, Respectively Investment Portfolio of $1.0 billion Conference Call Today, Thursday, March 7, 2024 at 5:00 p.m. ET MENLO PARK, Calif., March 7, 2024—Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to r ...
Runway Growth Finance (RWAY) - 2023 Q3 - Earnings Call Transcript
2023-11-12 09:28
Runway Growth Finance Corp. (NASDAQ:RWAY) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Greg Greifeld - Investment Adviser and Acting CEO Tom Raterman - CFO, COO, Secretary, Treasurer and Acting President Conference Call Participants Mickey Schleien - Ladenburg Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Securities Erik Zwick - Hovde Group Vilas Abraham - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the Runway Growth Finance Third Quarte ...
Runway Growth Finance (RWAY) - 2023 Q3 - Quarterly Report
2023-11-08 05:01
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-01180 Runway Growth Finance Corp. (Exact name of registrant as specified in its charter) Maryland 47-5049745 (State of incorporation) (I.R.S. ...
Runway Growth Finance (RWAY) - 2023 Q2 - Earnings Call Presentation
2023-08-12 22:10
Runway Growth Finance Corp. Second Quarter 2023 Investor Presentation NASDAQ Listed I RWAY I RWAYL I RWAYZ August 2023 © Runway Growth Capital LLC 2023 Forward-looking Statements ...
Runway Growth Finance (RWAY) - 2023 Q2 - Quarterly Report
2023-08-09 04:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-01180 Runway Growth Finance Corp. (Exact name of registrant as specified in its charter) Maryland 47-5049745 (State of incorporation) (I.R.S. Emplo ...