earnings
confidence high
sentiment negative
materiality 0.75
Horizon Tech Q2 NII $0.11/sh (incl $0.07 merger costs); NAV drops to $6.23
Horizon Technology Finance Corp
- NII of $7.4M ($0.11/sh) vs $11.4M ($0.28/sh) a year ago; $4.4M non-recurring merger expenses.
- NAV per share fell to $6.23 from $6.98 at Dec 2025; net unrealized depreciation of $38.5M.
- Debt portfolio yield 14.9%; funded $72.7M in new loans; committed backlog $228M.
- Board increased stock repurchase authorization to $20M; repurchased 1.37M shares at avg $4.54.
- Declared regular $0.06/sh monthly plus special $0.03/sh distributions for Q4 2026.