Horizon Technology Finance Announces First Quarter 2020 Financial Results
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Horizon Technology Finance (HRZN) Misses Q1 EPS by 7c
April 28, 2020 4:34 PM EDTHorizon Technology Finance (NASDAQ: HRZN) reported Q1 EPS of $0.26, $0.07 worse than the analyst estimate of $0.33.
Net investment income of $4.3 million, or $0.26 per share, compared to $3.2 million, or $0.28 per share for the prior-year periodTotal investment portfolio of $334.5 million as of March 31, 2020Net asset value of $193.5 million, or $11.48 per share, as of March 31, 2020Annualized portfolio yield on debt investments of 13.2% for the quarterFunded six loans totaling $50.5 million during the quarterRaised total net proceeds of approximately $16.2 million with "at-the-market" ("ATM") offering programExperienced liquidity events from five... More