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Mar 31, 2023
Horizon Technology Q1 2023 Earnings Report
Horizon Technology's financial performance for Q1 2023 was reported, featuring a net investment income per share of $0.46 and a net asset value per share of $11.34.
Key Takeaways
Horizon Technology Finance Corporation announced strong Q1 2023 results, with net investment income of $0.46 per share, a debt portfolio yield of 16.3%, and a portfolio growth of 39% year over year to $715 million. The company also declared regular monthly distributions totaling $0.33 per share.
Net investment income was $13.0 million, or $0.46 per share.
Total investment portfolio reached $715.3 million.
Net asset value stood at $321.7 million, or $11.34 per share.
Annualized portfolio yield on debt investments was 16.3%.
Forward Guidance
Horizon believes it is well positioned to deliver additional value to its shareholders, given its strong balance sheet and disciplined underwriting.
Positive Outlook
- Strong balance sheet
- Disciplined underwriting
- Solid committed backlog of debt investments
- Predictive pricing strategy
- Rising rate environment
Challenges Ahead
- Challenging macro environment
- Volatility in the banking sector
- Difficult capital raising environment for portfolio companies
- Credit impacted due to macroeconomic uncertainty
- Potential for future loss of principal in 2-rated loans
Historical Earnings Impact
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Avg. Return Before/After Earnings
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