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Horizon Technology (HRZN)
NASDAQ:HRZN
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.32Last Year’s EPS
$0.45Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -9.44%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed outlook. While there is significant portfolio growth and a strong pipeline, challenges such as nonaccrual loans and net investment income falling short of distributions highlight areas of concern. Positive market trends and strategic partnerships provide optimism for future quarters.Company Guidance
During the Horizon Technology Finance Corporation Q3 2024 earnings call, the executives provided detailed guidance on several key metrics. The company reported a net investment income (NII) of $0.32 per share, slightly below their declared distribution level by $0.01. The portfolio size increased by 6%, achieving a high portfolio yield on debt investments of 15.9%, which remains at the top of the Business Development Company (BDC) industry. The company funded $93 million in debt investments across nine transactions, leading to a portfolio valued at $684 million. Additionally, they closed $173 million in new loan commitments, ending with a committed and approved backlog of $190 million. Horizon's Board declared regular monthly distributions of $0.11 per share through March 2025. As the macroeconomic environment improves, the company remains optimistic about continuing portfolio growth, underpinned by a robust pipeline of $1.2 billion in debt opportunities and a strong liquidity position with $125 million available.Portfolio Growth and High Yield
The portfolio grew by 6% in Q3 2024, with a debt investment portfolio yield of 15.9%, one of the highest in the BDC industry.
Strong Pipeline and High-Quality Opportunities
The company has a robust pipeline of over $1 billion in debt opportunities, with significant awards expected to fund in Q4 2024.
Strategic Partnership with Monroe Capital
Monroe Capital's partnership with Wendel Group is expected to provide additional capital scale, benefiting Horizon's venture debt strategy.
Strong Liquidity Position
Available liquidity stood at $125 million, with a potential new investment capacity of $356 million.
Positive Developments in Venture Capital Environment
Life science IPOs and large private equity fund raises indicate a recovering market, presenting opportunities for venture debt financing.
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HRZN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HRZN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $9.77 | $9.46 | -3.17% |
| Jul 30, 2024 | $11.42 | $11.03 | -3.42% |
| Apr 30, 2024 | $10.55 | $10.86 | +2.94% |
| Feb 27, 2024 | $11.79 | $10.98 | -6.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Horizon Technology (HRZN) report earnings?
Horizon Technology (HRZN) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Horizon Technology (HRZN) earnings time?
Horizon Technology (HRZN) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HRZN EPS forecast?
HRZN EPS forecast for the fiscal quarter 2024 (Q4) is $0.32.
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