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Horizon Technology (HRZN)
NASDAQ:HRZN
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.38Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -0.11%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant portfolio growth, strong financial positioning, and a robust pipeline of opportunities, indicating potential for future growth. However, it also noted challenges with a decreased net asset value, stressed investments, and a decline in net investment income. The macro environment and venture capital ecosystem's stress continue to pose challenges.Company Guidance
In the fourth quarter of 2024, Horizon Technology Finance Corporation experienced a growth in its portfolio, achieving a portfolio yield of nearly 16% on debt investments for the year. Their net investment income (NII) was $1.32 per share, successfully covering the declared and paid regular monthly distributions. Despite these gains, the net asset value (NAV) decreased to $8.43 per share due to fair value markdowns of investments. The company ended the year with a committed and approved backlog of $207 million, and strengthened its balance sheet by securing a $100 million credit facility with Nuveen, issuing $20 million in convertible debt, and raising over $66 million through equity sales. Looking forward, Horizon anticipates continued portfolio growth and increased NII, supported by a robust pipeline and strong liquidity. Their Board declared regular monthly distributions of $0.11 per share through June 2025. As the venture lending market shows signs of recovery, Horizon remains optimistic about its prospects, focusing on maximizing the value of stressed investments and increasing NAV.Portfolio Growth and High Yield
The portfolio grew to $698 million, with a yield of nearly 16% on debt investments for the full year, remaining at the top of the BDC industry.
Strong Financial Position
Strengthened balance sheet with a new $100 million senior secured credit facility, $20 million convertible debt offering, and $66 million raised from equity sales.
Robust Pipeline and Opportunities
A committed and approved backlog of $207 million and a pipeline of $1.4 billion of opportunities, indicating strong future growth potential.
Regular Distributions and Spillover Income
Declared regular monthly distributions of $0.11 per share through June 2025, with undistributed spillover income of $1.06 per share at year-end.
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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 |
|---|---|---|---|
| Mar 04, 2025 | $9.48 | $8.54 | -9.92% |
| Oct 29, 2024 | $9.43 | $9.13 | -3.18% |
| Jul 30, 2024 | $11.03 | $10.64 | -3.54% |
| Apr 30, 2024 | $10.19 | $10.49 | +2.94% |
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 May 06, 2025, TBA Not Confirmed.
What is Horizon Technology (HRZN) earnings time?
Horizon Technology (HRZN) earnings time is at May 06, 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 2025 (Q1) is 0.32.
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