---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005716"
form_type: "8-K"
ticker: "HRZN"
cik: "0001487428"
company_name: "Horizon Technology Finance Corp"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:32:49.058858+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-005716
- form_type: 8-K
- ticker: HRZN
- cik: 0001487428
- company_name: Horizon Technology Finance Corp
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1487428/000143774924005716/0001437749-24-005716-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1487428/000143774924005716/hrzn20240222c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005716
- JSON: https://secwatch.observer/filing/0001437749-24-005716.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005716.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1487428/000143774924005716/0001437749-24-005716-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.