NASDAQ$HRZN

Horizon Technology Finance Corporation · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a strong second quarter with NII exceeding distributions, increased NAV, and a strong debt portfolio yield.

Horizon Technology Finance Corporation announced strong Q2 2022 financial results, with net investment income of $0.35 per share, a net asset value per share of $11.69, and a debt portfolio yield of 14.2%. The company's portfolio grew year-over-year by 43% to a record $577 million, and the committed backlog reached a record $267 million.

  • Generated NII of $0.35 per share, exceeding distributions.
  • Increased NAV.
  • Generated a strong debt portfolio yield of over 14%.
  • Originated a record quarter of loans, growing the investment portfolio by $62 million from the prior quarter.

Headline financials

Total Revenue

$18.6M

No prior period
EPS (adj)

$0.35

No prior period
NAV per Share

$11.69

No prior period
Debt Portfolio Fair Value

$577M

No prior period
Available Liquidity

$123M

No prior period
Committed Backlog

$267M

No prior period
Net Income

$8.6M

No prior period
Operating Income

$8.7M

No prior period
Cash & Equivalents

$76.3M

No prior period
Total Assets

$291M

No prior period

Revenue & EPS history

Horizon Technology · Revenue · Quarterly

$18.6M

Q2 2022
Beat estimate in 2 of 13 quarters(15%)
ActualEstimate

Forward guidance

HRZN remains well positioned for sustainable and disciplined growth, and to deliver attractive risk-adjusted returns to its shareholders over the long-term.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.9%

Avg return

Earnings day

-3.3%

Avg return

5 days after

-4.3%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+8.2%

Q3 2022

Best reaction

-16.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+8.6%+11.0%
Q4 2025-0.8%-31.6%-30.0%
Q3 2025-1.0%+6.8%+9.7%
Q1 2025-16.8%-17.1%-15.3%
Q4 2024-9.9%-2.2%-11.5%
Q3 2024-4.3%-6.8%-8.3%
Q2 2024-4.4%-7.8%-9.5%
Q1 2024-1.5%+1.6%-0.3%
Q4 2023-6.2%-8.5%-12.6%
Q3 2023+6.4%+8.8%+13.1%
Q2 2023+1.1%-5.4%-9.5%
Q1 2023+0.3%-1.1%+1.1%
Q4 2022-5.5%-9.1%-10.9%
Q3 2022+8.2%+13.5%+13.5%
Q2 2022+3.1%+1.2%-5.9%
Q1 2022+0.1%-0.3%-2.7%
Q4 2021-0.3%-2.6%-10.7%
Q3 2021+2.3%+1.6%-0.8%
Q4 2020-9.0%-11.5%-1.9%

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