Horizon Technology Finance

Horizon Technology Finance Corp. operates as a specialty finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. It is also involved in lending and investing in portfolio companies in technology, life science, healthcare information and services and cleantech industries. The company was founded by John C. Bombara, Daniel S. Devorsetz, Robert D. Pomeroy and Gerald A. Michaud on March 16, 2010 and is headquartered in Farmington, CT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Horizon Technology Finance excels in Q2 amidst venture challenges

Horizon Technology Finance delivered a strong performance in Q2 2024, supported by a resilient venture lending business and effective portfolio management.
While facing challenges in the venture capital environment and market uncertainties, the company remains focused on growth and stability.
Opportunities for portfolio expansion, funding, and strategic partnerships position Horizon Technology Finance for future success and value creation.

Horizon Technology Finance (HRZN) posts strong Q3 results amid growth opportunities

Horizon Technology Finance (HRZN) delivered a strong financial performance in Q3 2024, driven by robust net investment income and strategic partnerships.
While facing challenges in asset quality management and financial uncertainties, HRZN's focus on balance sheet strengthening and growth opportunities positions it well for the future.
By capitalizing on positive market trends, venture debt financing, and effective balance sheet management, HRZN aims to sustain its growth trajectory and enhance shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Horizon Technology Finance Corp., a traded business development company invests in companies located in the US. The fund targets companies openhearted in the fields of technology, life science and sustainability sectors. It provides financing for later stage capital requirements.

Horizon Technology Finance offers an attractive investment mix and has the potential for high total returns. The BDC suffered a deterioration in credit quality but still maintains robust dividend coverage and declared a special dividend. The stock is currently classified as a Hold due to the balance of pros and cons in its 3Q-23 results.

Horizon Technology Finance: This 11% Yield Is A Hold For BDC Investors

This update article details Q3 '23 earnings, changes in valuations, and health of HRZN's underlying companies. Net Investment Income was up 56% in Q3 2023, due to rising interest rates. Mgt. declared a $.05 supplemental dividend, and the regular monthly $.11 dividend.

Horizon Technology Finance: 11% Yield, Q3 '23 Update, NII Up 56%

Horizon Technology Finance is a leading venture lending company with solid historical returns, earning a position to diversify a strong BDC portfolio. Its dividend profile offers a sustainable 10% yield with persistent special dividends the last 4 years while preserving investor capital. The company has successfully balanced both intrinsic and extrinsic risks through its disciplined management and business model, while maintaining low market correlation.

Horizon Technology Finance: Reinvesting My Dividends Continue On The Horizon

Ares Capital

Fidus Investment

We take a look at the action in business development companies through the first week of November and highlight some of the key themes we are watching. BDCs experienced a sharp bounce with the sector rallying around 7% on the week. Many BDCs pay out base, supplemental and special dividends - we discuss why this complex trio of dividends is used.

BDC Weekly Review: Why Do BDCs Bother With Special And Supplemental Dividends?

Realty Income Corp

PennantPark Floating Rate Capital

Income stocks have handily outperformed publicly traded companies that don't offer a dividend over the long run. Although not all dividend stocks are alike, a handful of ultra-high-yield monthly payers stand out from the pack.

Want $300 in Super-Safe Monthly Dividend Income? Invest $37,800 Into the Following 3 Ultra-High-Yield Stocks

Agree Realty

Apple Hospitality REIT

EPR Properties

Sabine Royalty Trust

STAG Industrial

At first glance, it may seem like there are no growth stocks with monthly dividends. After all, most of the stocks in this category provide a greater portion of their total returns from dividends compared to your typical growth stock.

Growth Stocks With Monthly Dividends: 7 Top Picks

Hercules Capital

Rithm Capital Corp

Trinity Capital

Business development companies (BDCs) often pay generous dividends. BDCs Hercules Technology, Horizon Technology Finance, and Trinity Capital all yield more than 10%.

You Can Buy All 4 of These Ultra-High Yield Dividend Stocks for Less Than $100

Horizon Technology Finance Corp Notes 2017-15.09.22

Horizon Technology Finance (NASDAQ:HRZN ) Q3 2023 Earnings Conference Call November 1, 2023 9:00 AM ET Company Participants Megan Bacon – Director, Investor Relations and Marketing Rob Pomeroy – Chairman and Chief Executive Officer Jerry Michaud – President Dan Trolio – Chief Financial Officer Conference Call Participants Bryce Rowe – B. Riley Securities Christopher Nolan – Ladenburg Thalmann Ryan Lynch – KBW Operator Greetings, and welcome to Horizon Technology Finance Corporation Third Quarter 2023 Earnings Call.

Horizon Technology Finance (HRZN) Q3 2023 Earnings Call Transcript

FARMINGTON, Conn. , Oct. 31, 2023 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon") (the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that its board of directors has declared monthly cash distributions of $0.11 per share, payable in each of January, February and March 2024, and a special distribution of $0.05 per share, payable in December 2023.

Horizon Technology Finance Announces Monthly Distributions for January, February and March 2024 Totaling $0.33 per Share and Special Distribution for December 2023 of $0.05 per Share

- Third Quarter 2023 Net Investment Income per Share of $0.53; NAV per Share of $10.41 - - Debt Portfolio Yield of 17.1% - - Grew Portfolio Year over Year by 15% to $729 Million - - Horizon Platform Ends Quarter with Committed Backlog of $222 Million, Including $202 Million in HRZN Commitments - - Declares Regular Monthly Distributions Totaling $0.33 per Share through March 2024 and $0.05 Special Distribution Payable in December 2023 - FARMINGTON, Conn. , Oct. 31, 2023 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced its financial results for the third quarter ended September 30, 2023.

Horizon Technology Finance Announces Third Quarter 2023 Financial Results

FARMINGTON, Conn. , Oct. 17, 2023 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon") (the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that it plans to release financial results for the third quarter ended September 30, 2023 on Tuesday, October 31, 2023, after the close of market trading.

Horizon Technology Finance to Announce Third Quarter 2023 Financial Results

-          Horizon Platform Originates $88.9 Million of New Loans in Q3, including $ 88.4  Million of New Loans Funded by HRZN -  -          Horizon Platform Ends Quarter with Committed Backlog of $222 Million, including $202 Million in HRZN Commitments -    FARMINGTON, Conn. , Oct. 11, 2023 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("HRZN" or the "Company"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today provided its portfolio update for the third quarter ended September 30, 2023 and an update on the lending platform ("Horizon Platform") of Horizon Technology Finance Management LLC ("HTFM"), its investment adviser and an affiliate of Monroe Capital.

Horizon Technology Finance Provides Third Quarter 2023 Portfolio Update

FARMINGTON, Conn. , Oct. 10, 2023 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today that on September 15, 2023 it provided a $35 million venture loan facility to Mirantis, Inc. ("Mirantis"), of which $20 million has been initially funded.

Horizon Technology Finance Provides $35 Million Venture Loan Facility to Mirantis

FARMINGTON, Conn. , Oct. 2, 2023  /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has provided a $40 million venture loan facility to Elligo Health Research®, Inc. ("Elligo"), of which $25 million has been initially funded.

Horizon Technology Finance Provides $40 Million Venture Loan Facility to Elligo Health Research

Horizon Technology Finance is a high-dividend monthly payer that has given shareholders strong total returns. It focuses on growth sectors and generates above-average investment yields. HRZN has a healthy balance sheet, carries plenty of spillover income, and has the potential for future accretive equity raises.

11%-Yielding Horizon Technology: A Smart Monthly Payer To Buy

Horizon Technology Finance Corp. is a business development company that focuses on high-yielding investments in the tech and life science sectors. The company's portfolio is primarily invested in expansion-stage tech and life science companies, with a smaller allocation to early-stage and later-stage firms. HRZN has seen strong earnings growth, benefiting from rising interest rates and the pullback of banks from commercial loans. The company also maintains a strong dividend coverage rate.

Horizon Technology Finance: 10% Tech And Life Science Yield, Monthly Payer

FARMINGTON, Conn. , Sept. 18, 2023 /PRNewswire/ -- Horizon Technology Finance Management LLC ("Horizon"), the manager and investment adviser for Horizon Technology Finance Corporation (NASDAQ: HRZN) and an affiliate of Monroe Capital, today announced that it has hired Paul A.

Horizon Technology Finance Management Expands Origination Team

EAGAN, Minn. , Sept. 13, 2023 /PRNewswire/ -- Sonex Health, a leader in the ultrasound-guided treatment of common orthopedic syndromes affecting the extremities, today announced the closing of a Series B financing, raising a total of $40 million.

SONEX HEALTH CLOSES SERIES B FINANCING TO EXPAND PHYSICIAN AND PATIENT ACCESS TO MINIMALLY INVASIVE TREATMENT FOR CARPAL TUNNEL SYNDROME

Venture-focused BDCs like Horizon Technology Finance have seen fluctuations in valuation since March. Horizon Technology Finance primarily invests in technology, life science, and healthcare companies, with a focus on debt positions. The BDC's dividend is well covered by net investment income, but its valuation is not enticing enough to buy. Hold.

Horizon Technology Finance: Moderately Attractive 11.1% Dividend Yield (Downgrade)

Horizon is currently paying its common shareholders an 11.1% dividend yield. This is paid out on a monthly distribution schedule and only formed 61% of the BDC's net investment income for its recent second quarter. NAV declined on a per-share basis on the back of what was a dramatic expansion of the BDC's number of outstanding shares.

Horizon Technology Finance: Venture Debt Faces A Golden Moment

Triplepoint Venture Growth BDC

Business development companies like Horizon Technology and TriplePoint Venture Growth have seen strong growth due to their floating-rate portfolios and demand for alternative financing. Concerns about the risk of defaults on portfolio holdings have prompted sell ratings for both companies, causing stock price volatility. Horizon is better positioned to weather headwinds and deliver high returns compared to TriplePoint.

Horizon Technology Isn't A Sell But TriplePoint Venture Carries Some Risk

Supported by solid fundamentals and good growth prospects, Horizon Technology (HRZN) stock looks like an attractive investment option now.

4 Reasons to Invest in Horizon Technology (HRZN) Stock Now

Here is how Horizon Technology Finance (HRZN) and Invitation Home (INVH) have performed compared to their sector so far this year.

Is Horizon Technology Finance (HRZN) Stock Outpacing Its Finance Peers This Year?

Dividend investing allows investors to earn cash flow without selling their shares. Some investors live off of dividends after many years of consistent stock accumulation and reinvestments.

3 High-Yield Dividend Stocks That Pay You Every Month

New Mountain Finance

We take a look at the action in business development companies through the first week of August and highlight some of the key themes we are watching. BDCs were flat on the week which was good enough for one of the best results in the broader income space. One question on the minds of investors is what will happen to BDCs once base rates move lower.

News for Horizon Technology Finance ETF (HRZN)