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Stock impact report

Horizon Technology Finance Provides Operational and First Quarter 2020 Portfolio Update

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 8, 2020 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon," "We," "Our" 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 provided a preliminary assessment of COVID-19's effect on the Company's operations to-date, as well as its portfolio update for the first quarter ended March 31, 2020. "During the first quarter, we originated $50.5 million in loans, recording our eighth consecutive quarter of portfolio growth," said Gerald A. Michaud, President of Horizon. "We continue to prudently originate new loans that meet our current underwriting criteria in light of the impact of the coronavirus pandemic on the economy. We experienced liquidity events early in the quarter, which again demonstrated the power of our predictive pricing strategy. Show less Read more
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