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Horizon Technology (HRZN)
NASDAQ:HRZN
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.36Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -13.85%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging environment with significant macroeconomic headwinds impacting the company's NAV and stressed assets. However, Horizon reported strong portfolio yields, liquidity, and positive developments in some portfolio companies. Despite these positives, the ongoing market volatility and uncertainties, particularly regarding tariffs, weigh heavily on the company's performance and outlook.Company Guidance
During the Horizon Technology Finance Corporation's first quarter 2025 earnings call, the company provided guidance that reflected a cautious yet optimistic outlook. They reported a net investment income of $0.27 per share and aimed to deliver net investment income at or above declared distributions over time. Horizon managed to grow its debt portfolio by $20 million, achieving a yield of 15% on debt investments, which stands at the top of the Business Development Company (BDC) industry. The company declared regular monthly distributions of $0.11 per share through September 2025, leveraging an undistributed spillover income of $1 per share. They also increased their committed and approved backlog to nearly $236 million. Despite market volatility, Horizon remains positioned to grow its portfolio, supported by a strong liquidity position with $126 million available. The company maintains a target leverage range of 1.2 to 1.3 times debt-to-equity, and their debt portfolio yield and onboarding yields are strong at 15% and 13%, respectively. Management expressed confidence in the long-term growth potential, driven by a robust pipeline of opportunities, continued high demand for venture debt capital, and operational independence post the Monroe Capital and Wendel Group partnership.Portfolio Growth and Investment Capacity
Despite macroeconomic challenges, Horizon increased its debt portfolio by $20 million in the first quarter. The company also raised its committed and approved backlog to nearly $236 million, providing a solid base for future growth opportunities.
High Portfolio Yield
Horizon achieved a debt portfolio yield of 15% for the quarter, which is among the highest in the BDC industry. This is expected to lead to increased net investment income over time.
Strong Liquidity Position
The company reported $126 million in available liquidity and a potential new investment capacity of $307 million, indicating a strong balance sheet ready to support growth.
Positive Developments in Portfolio Companies
Emalex Biosciences met pivotal trial endpoints for its drug to treat Tourette syndrome, and Kodiak Robotics announced the use of driverless trucks in commercial operations, with plans to go public at a $2.5 billion valuation.
HRZN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HRZN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $8.81 | $7.33 | -16.80% |
Mar 04, 2025 | $9.22 | $8.31 | -9.87% |
Oct 29, 2024 | $9.18 | $8.88 | -3.27% |
Jul 30, 2024 | $10.72 | $10.35 | -3.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Horizon Technology (HRZN) report earnings?
Horizon Technology (HRZN) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Horizon Technology (HRZN) earnings time?
Horizon Technology (HRZN) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HRZN EPS forecast?
Currently, no data Available