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Sep 30, 2021
Horizon Technology Q3 2021 Earnings Report
Horizon Technology's financial performance for Q3 2021 was reported, featuring a net investment income per share of $0.40, a NAV per share of $11.63, and a debt portfolio yield of 16.2%.
Key Takeaways
Horizon Technology Finance Corporation announced strong Q3 2021 results, with net investment income of $0.40 per share, significant portfolio growth, and an increased NAV per share. The company originated $99 million in loans and experienced a debt portfolio yield of over 16%.
Net investment income was $0.40 per share.
NAV per share stood at $11.63.
Debt portfolio yield reached 16.2%.
The company's portfolio grew to a record $452 million.
Forward Guidance
Demand for venture debt remains robust, and with HRZN’s deep committed backlog and ample capacity to originate loans on its platform, as well as HTFM’s pipeline of opportunities, HRZN is in a prime position to continue delivering compelling returns to its shareholders.
Positive Outlook
- Strong growth in its portfolio
- Credit quality of HRZN’s portfolio remains very solid, with nearly 97% of its portfolio 3-rated or better
- Demand for venture debt remains robust
- HRZN’s deep committed backlog
- Ample capacity to originate loans on its platform
Historical Earnings Impact
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Avg. Return Before/After Earnings
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