Horizon Tech Finance Q4 NII $0.45/sh; NAV drops to $9.71 from $11.47 YoY

Horizon Technology Finance Corp

2024-FY EPS reported -$0.56

Q4 2023 NII of $15.0M ($0.45/sh) vs $10.7M ($0.40/sh) YoY; full-year NII $61.4M ($1.98/sh).
NAV per share fell to $9.71 from $11.47 at Dec 2022; net unrealized depreciation of $24.3M in Q4.
Debt portfolio yield 16.8% in Q4, 16.6% for 2023; total investment portfolio $709.1M.
Four debt investments rated credit 1 (highest risk) with fair value $27.6M; up from two in Sep 2023.
Declared monthly distributions of $0.11/sh through June 2024 plus $0.05 special in April; spillover income $1.25/sh.

item 2.02 item 9.01

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 the fourth quarter and full year ended December 31, 2023 results: revenue $28.2 million, net income $15.0 million, or $0.45 per share.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $28.2 million
Net income: $15.0 million, or $0.45 per share
Result: reported results

Exact text from the filing

of debt investments, while we work to maximize NAV.” Fourth Quarter 2023 Operating Results Total investment income for the quarter ended December 31, 2023 grew 21.8% to $28.2 million, compared to $23.1 million for the quarter ended December 31, 2022, primarily due to growth in interest and fee income on investments resulting from an increase in the average

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Source: SEC EDGAR

accession 0001437749-24-005716

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