earnings
confidence high
sentiment negative
materiality 0.75
Horizon Tech Finance Q4 NII $0.27 vs $0.45 YoY; NAV drops to $8.43 from $9.71
Horizon Technology Finance Corp
- Net investment income $0.27/share in Q4 2024, down from $0.45 in Q4 2023; full-year NII $1.32/share covered $1.32 distributions.
- Net asset value $336.2M ($8.43/share) vs $324.0M ($9.71/share) at Dec 2023; net realized loss $34.6M for 2024.
- Debt portfolio yield 14.9% (Q4) vs 16.8% prior year; total investment portfolio $697.9M.
- Declared monthly distributions $0.11/share for Apr-Jun 2025, unchanged at $0.33 total; spillover income $1.06/share.
- Investment adviser waived income incentive fee if NII per share < quarterly distribution, effective Q1-Q4 2025.