Horizon Technology Finance Announces Fourth Quarter and Full Year 2020 Financial Results
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Horizon Technology Finance (HRZN) Misses Q4 EPS by 7c
March 2, 2021 4:23 PM ESTHorizon Technology Finance (NASDAQ: HRZN) reported Q4 EPS of $0.21, $0.07 worse than the analyst estimate of $0.28.
Fourth Quarter 2020 Highlights
Net investment income ("NII") of $3.9 million, or $0.21 per share, compared to $6.5 million, or $0.43 per share for the prior-year periodTotal investment portfolio of $352.5 million as of December 31, 2020Net asset value of $212.6 million, or $11.02 per share, as of December 31, 2020Annualized portfolio yield on debt investments of 13.0% for the quarterFunded nine loans totaling $76.6 million during the quarterRaised total net proceeds of approximately $10.8 million with "at-the-market" ("ATM")... More