Horizon Technology Finance ( (HRZN) ) has realeased its Q3 earnings. Here is a breakdown of the information Horizon Technology Finance presented to its investors.
Horizon Technology Finance Corporation, a specialty finance company offering secured loans to venture capital-backed firms in the technology and life sciences sectors, recently released its third-quarter 2024 financial results.
The company reported a net investment income per share of $0.32 and a net asset value per share of $9.06. Horizon achieved a debt portfolio yield of 15.9% and ended the quarter with a committed backlog of $190 million. The company also declared regular monthly distributions totaling $0.33 per share through March 2025.
Key financial metrics included a net investment income of $11.8 million and a total investment portfolio value of $684 million. The company funded nine new loans amounting to $93.1 million and raised $18.4 million through its at-the-market offering program. Horizon’s liquidity events from four portfolio companies and its cash position of $86.6 million further exemplify its financial activities for the quarter.
Looking forward, Horizon’s management expressed optimism about growing its portfolio with high-quality investments while focusing on maximizing the value of its existing investments. The company aims to continue generating net investment income to cover future distributions.
