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Jun 30, 2022
Horizon Technology Q2 2022 Earnings Report
Reported a strong second quarter with NII exceeding distributions, increased NAV, and a strong debt portfolio yield.
Key Takeaways
Horizon Technology Finance Corporation announced strong Q2 2022 financial results, with net investment income of $0.35 per share, a net asset value per share of $11.69, and a debt portfolio yield of 14.2%. The company's portfolio grew year-over-year by 43% to a record $577 million, and the committed backlog reached a record $267 million.
Generated NII of $0.35 per share, exceeding distributions.
Increased NAV.
Generated a strong debt portfolio yield of over 14%.
Originated a record quarter of loans, growing the investment portfolio by $62 million from the prior quarter.
Horizon Technology
Horizon Technology
Forward Guidance
HRZN remains well positioned for sustainable and disciplined growth, and to deliver attractive risk-adjusted returns to its shareholders over the long-term.