NASDAQ$HRZN

Horizon Technology Finance Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Horizon Technology's financial performance for Q4 2023 was announced, featuring net investment income of $0.45 per share and a committed backlog of $218 million.

Horizon Technology Finance Corporation reported a net investment income of $15.0 million, or $0.45 per share, for Q4 2023. The company's annualized portfolio yield on debt investments was 16.8%. Horizon funded six loans totaling $63.4 million and experienced liquidity events from four portfolio companies.

  • Net investment income was $15.0 million, or $0.45 per share.
  • Total investment portfolio was $709.1 million as of December 31, 2023.
  • Net asset value was $324.0 million, or $9.71 per share, as of December 31, 2023.
  • Annualized portfolio yield on debt investments was 16.8% for the quarter.

Headline financials

Total Revenue

$28.2M

Previous: $23.1M+21.8%
EPS (adj)

$0.45

Previous: $0.40+12.5%
NAV per Share

$9.71

Previous: $11.47-15.3%
Available Liquidity

$73.1M

No prior period
Committed Backlog

$218M

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

$15M

Previous: $4.02M+273.5%
Operating Income

$16M

No prior period

Revenue & EPS history

Horizon Technology · Revenue · Quarterly

$28.2M

Q4 2023+21.8%vs Q4 2022
Beat estimate in 2 of 13 quarters(15%)
ActualEstimate

Forward guidance

Horizon Technology Finance will remain prudent with respect to growing HRZN’s portfolio of debt investments, while working to maximize NAV.

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 2023

Historical avgQ4 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

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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