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Stock impact report

Horizon Technology Finance Announces First Quarter 2020 Financial Results

Horizon Technology Finance Corporation (HRZN) 
Last horizon technology finance corporation earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: PR Newswire
FARMINGTON, Conn., April 28, 2020 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or the "Company"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced its financial results for the first quarter ended March 31, 2020.First Quarter 2020 HighlightsNet investment income of $4.3 million, or $0.26 per share, compared to $3.2 million, or $0.28 per share for the prior-year period Total investment portfolio of $334.5 million as of March 31, 2020 Net asset value of $193.5 million, or $11.48 per share, as of March 31, 2020 Annualized portfolio yield on debt investments of 13.2% for the quarter Funded six loans totaling $50.5 million during the quarter Raised total net proceeds of approximately $16.2 million with "at-the-market" ("ATM") offering program Experienced liquidity ev Show less Read more
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