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Sep 30, 2023
Horizon Technology Q3 2023 Earnings Report
Announced third quarter 2023 financial results.
Key Takeaways
Horizon Technology Finance reported a net investment income of $0.53 per share and a net asset value of $10.41 per share. The debt portfolio grew year over year by 15% to $729 million, and the company declared regular monthly distributions totaling $0.33 per share through March 2024, along with a $0.05 special distribution payable in December 2023.
Net investment income was $17.4 million, or $0.53 per share.
Total investment portfolio was $729.1 million.
Net asset value was $346.6 million, or $10.41 per share.
Annualized portfolio yield on debt investments was 17.1%.
Forward Guidance
Horizon Technology Finance will remain cautious with respect to growing HRZN’s portfolio of debt investments, but believe that there remain select excellent investment opportunities.
Challenges Ahead
- Current macro environment
- Persistent inflation
- Reduced venture investing
Historical Earnings Impact
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Avg. Return Before/After Earnings
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