NASDAQ$HRZN

Horizon Technology Finance Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Horizon Technology's financial performance for Q3 2021 was reported, featuring a net investment income per share of $0.40, a NAV per share of $11.63, and a debt portfolio yield of 16.2%.

Horizon Technology Finance Corporation announced strong Q3 2021 results, with net investment income of $0.40 per share, significant portfolio growth, and an increased NAV per share. The company originated $99 million in loans and experienced a debt portfolio yield of over 16%.

  • Net investment income was $0.40 per share.
  • NAV per share stood at $11.63.
  • Debt portfolio yield reached 16.2%.
  • The company's portfolio grew to a record $452 million.

Headline financials

Total Revenue

$16.4M

No prior period
EPS (adj)

$0.40

No prior period
NAV per Share

$11.63

No prior period
Debt Portfolio Fair Value

$452M

No prior period
Available Liquidity

$88.1M

No prior period
Net Income

$12.8M

No prior period
Operating Income

$8.1M

No prior period
Cash & Equivalents

$42.9M

No prior period
Total Assets

$238M

No prior period

Revenue & EPS history

Horizon Technology · Revenue · Quarterly

$16.4M

Q3 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Demand for venture debt remains robust, and with HRZN’s deep committed backlog and ample capacity to originate loans on its platform, as well as HTFM’s pipeline of opportunities, HRZN is in a prime position to continue delivering compelling returns to its shareholders.

Tailwinds

  • Strong growth in its portfolio
  • Credit quality of HRZN’s portfolio remains very solid, with nearly 97% of its portfolio 3-rated or better
  • Demand for venture debt remains robust
  • HRZN’s deep committed backlog
  • Ample capacity to originate loans on its platform

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 Q3 2021

Historical avgQ3 2021

-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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