NASDAQ$WHF

Whitehorse Finance Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

WhiteHorse Finance's financial performance reflected a decrease in total investment income but remained above dividend, with strategic focus on stable credits amidst a competitive lending market.

WhiteHorse Finance reported a net investment income of $9.292 million, or $0.40 per share, for the quarter ended June 30, 2024. The company's investment portfolio fair value was $660.0 million, and it has declared a distribution of $0.385 per share.

  • Net investment income was $9.292 million, or $0.40 per share.
  • Declared a distribution of $0.385 per share for the quarter ended June 30, 2024.
  • Investment portfolio fair value totaled $660.0 million as of June 30, 2024.
  • Invested $47.4 million in seven new portfolio companies and $8.4 million in existing ones.

Headline financials

Total Revenue

-$844K

Previous: -$782K-7.9%
EPS

$0.34

Previous: $0.46-25.4%
Portfolio Yield

11.7%

Previous: 13.4%-12.7%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$7.84M

Previous: $3.88M+102.0%
Net Income

$7.84M

Previous: $3.88M+102.0%
Operating Income

-$7.62M

Previous: -$8.2M+7.0%
Gross Profit

-$844K

Previous: -$782K-7.9%
Cash & Equivalents

$12.9M

Previous: $10.4M+23.4%
Total Assets

$703M

Previous: $772M-8.9%

Revenue & EPS history

Whitehorse Finance · Revenue · Quarterly

-$844K

Q2 2024+7.9%vs Q2 2023
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

WhiteHorse Finance is taking a cautious stance, focusing on credits with positive free cash flow, limited cyclicality, and strong owners, while navigating an aggressive lending market.

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 2024

Historical avgQ2 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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