NASDAQ$HRZN
Horizon Technology Finance Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Horizon Technology's financial performance for Q4 2021, with a net investment income per share of $0.39 and a net asset value per share of $11.56.
Horizon Technology Finance Corporation reported a strong fourth quarter in 2021, marked by significant growth in total investment income and net investment income per share. The company's debt portfolio yield remained high, and it maintained a substantial committed backlog, positioning it well for continued growth in 2022.
- Total investment income grew by 68% to $16.9 million compared to the same quarter in the previous year.
- Net investment income was $8.1 million, or $0.39 per share, compared to $3.9 million, or $0.21 per share, for the same quarter in the previous year.
- The company's debt portfolio had a weighted average credit rating of 3.2.
- Net asset value was $11.56 per share, compared to $11.02 per share as of December 31, 2020.
Headline financials
Revenue & EPS history
Horizon Technology · Revenue · Quarterly
$16.9M
Forward guidance
Horizon Technology Finance is well positioned for continued growth in 2022, driven by strong demand for venture debt, an extensive committed backlog and pipeline, and recent balance sheet enhancements.
Tailwinds
- Demand for venture debt remains at near-peak levels.
- The company has an extensive committed backlog and pipeline.
- The company recently strengthened its balance sheet and expanded its lending capacity.
- The company is well situated to continue to grow its portfolio.
- The company expects to deliver compelling returns to its shareholders.
Headwinds
- There can be no assurance that any additional lenders will make any commitments under the Key Facility.
- The amendment to the senior secured debt facility extends the investment period to June 2023 and the maturity date to June 2028.
- Borrowings above $100 million will be priced at the three-year USD mid-market swap rate plus 3.00%.
- The facility is collateralized by certain of the Company's assets.
- Statements included herein may constitute forward-looking statements and are not guarantees of future performance.
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 Q4 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
| 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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