NASDAQ$WHF

Whitehorse Finance Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

WhiteHorse Finance reported a strong quarter with core net investment income exceeding regular dividend and maintained conservative underwriting terms.

WhiteHorse Finance announced its financial results for the quarter ended March 31, 2024. The Company reported strong core net investment income, well in excess of the regular dividend, and maintained a high pipeline level with opportunities to invest in credits with compelling risk-return characteristics.

  • WhiteHorse delivered a strong quarter of core net investment income exceeding regular dividend.
  • The company experienced balanced activity across its portfolio with credit performance and stability.
  • WhiteHorse continues to underwrite at conservative terms amidst an aggressive lending market.
  • The pipeline level remains high with opportunities to invest in credits with compelling risk-return characteristics.

Headline financials

Total Revenue

-$422K

Previous: -$391K-7.9%
EPS

$0.26

Previous: $0.46-43.6%
Portfolio Yield

13.7%

Previous: 13.2%+3.8%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$5.97M

Previous: $7.51M-20.5%
Net Income

$5.97M

Previous: $7.51M-20.5%
Operating Income

-$7.46M

Previous: -$8.08M+7.6%
Gross Profit

-$422K

Previous: -$391K-7.9%
Cash & Equivalents

$10.7M

Previous: $11.7M-8.7%
Total Assets

$735M

Previous: $781M-5.9%

Revenue & EPS history

Whitehorse Finance · Revenue · Quarterly

-$422K

Q1 2024+7.9%vs Q1 2023
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

The Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ending June 30, 2024. The distribution will be payable on July 2, 2024 to stockholders of record as of June 18, 2024.

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 Q1 2024

Historical avgQ1 2024

-0.4%

Avg return

Earnings day

-0.1%

Avg return

5 days after

-0.0%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+6.0%

Q4 2025

Best reaction

-6.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-4.6%-12.2%
Q4 2025+6.0%+17.8%+12.9%
Q3 2025-5.2%-1.0%+7.5%
Q1 2025+0.8%-1.1%-0.4%
Q4 2024-4.5%-5.5%-14.4%
Q3 2024-5.4%-9.5%-9.7%
Q2 2024-2.4%-2.6%+1.9%
Q1 2024+1.3%+0.4%+2.0%
Q4 2023-0.2%+0.5%-0.2%
Q3 2023-1.1%-0.2%+1.6%
Q2 2023-6.2%-5.8%-4.4%
Q1 2023+5.2%+5.5%+15.3%
Q4 2022+2.3%+0.4%-5.2%
Q3 2022+1.6%+4.9%+7.3%
Q2 2022+1.1%+6.0%-2.3%
Q1 2022-2.1%-6.0%-3.9%
Q4 2021-1.8%-3.6%-1.0%
Q3 2021+0.7%-0.1%+0.7%
Q4 2020+2.3%+2.2%+3.8%

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