Horizon Tech Finance Q2 NII $0.54/share, debt yield 16.3%, but net realized loss $16.5M

Horizon Technology Finance Corp

NII of $16.1M ($0.54/share) vs $8.6M ($0.35/share) in prior-year period; revenue up 51.3% to $28.1M.
Debt portfolio yield 16.3% (vs 14.2% prior year); total investment portfolio $715.4M, up 24% YoY.
Net realized loss on investments of $16.5M ($0.55/share) vs $0.9M loss prior year; NAV $11.07/share vs $11.69.
Completed $38.9M common stock offering; expanded credit facilities by $75M total; available liquidity $107.1M.
Declared monthly distributions of $0.11/share for Oct/Nov/Dec (total $0.33); undistributed spillover income $1.02/share.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Horizon Technology Finance Corp reported three months ended June 30, 2023 (second quarter 2023) results: revenue Total investment income $28.1 million, net income Net investment income $16.1 million; Net realized loss on investments $16.5 million; Net unrealized appreciation on inve, EPS $0.54 per share (net investment income).

Period: three months ended June 30, 2023 (second quarter 2023)
Revenue: Total investment income $28.1 million
Net income: Net investment income $16.1 million; Net realized loss on investments $16.5 million; Net unrealized appreciation on inve
EPS: $0.54 per share (net investment income)
Result: reported results

Exact text from the filing

investments and deliver additional value to HRZN’s shareholders.” Second Quarter 2023 Operating Results Total investment income for the quarter ended June 30, 2023 grew 51.3% to $28.1 million, compared to $18.6 million for the quarter ended June 30, 2022, primarily due to growth in interest income on investments resulting from an increase in the average size of the

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Source: SEC EDGAR

accession 0001437749-23-021409

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