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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%.
Horizon Technology
Horizon Technology
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