NASDAQ$HRZN
Horizon Technology Finance Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Announced second quarter 2023 financial results.
Horizon Technology Finance reported a strong second quarter, with net investment income exceeding distributions, driven by a debt portfolio yield of over 16%. The company strengthened its balance sheet through common stock offerings and increased credit facility capacity.
- Net investment income was $16.1 million, or $0.54 per share.
- Total investment portfolio was $715.4 million as of June 30, 2023.
- Net asset value was $355.4 million, or $11.07 per share, as of June 30, 2023.
- Annualized portfolio yield on debt investments was 16.3% for the quarter.
Headline financials
Revenue & EPS history
Horizon Technology · Revenue · Quarterly
-$277K
Forward guidance
With a stronger balance sheet and disciplined underwriting, Horizon believes it can further prudently grow HRZN’s portfolio of debt investments and deliver additional value to HRZN’s shareholders.
Tailwinds
- Stronger balance sheet
- Disciplined underwriting
- Potential to grow HRZN’s portfolio of debt investments
- Potential to deliver additional value to HRZN’s shareholders
- Increased commitment of senior secured debt facility by $50 million
Headwinds
- Statements included may constitute forward-looking statements which involve risks and uncertainties.
- Actual results may differ materially from those in the forward-looking statements
- The company does not undertake any duty to update any forward-looking statement made
- Much of our committed backlog is subject to our portfolio companies achieving milestones.
- Net realized loss on investments was $16.5 million
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 2023
-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
| Quarter | Report date | Reaction (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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