Sign In
NASDAQ:HRZN
Horizon Technology Finance Corporation Stock Earnings Reports
$8.39
+0.310 (+3.84%)
At Close: Apr 17, 2025
Horizon Technology Finance Earnings Calls
Q1 2025
(Upcoming)
| Release date | Apr 29, 2025 |
| EPS estimate | $0.330 |
| EPS actual | - |
| Revenue estimate | 26.673M |
| Revenue actual | - |
| Expected change | +/- 2.34% |
Q4 2024
Missed
$0.270 (-18.18%)
| Release date | Mar 04, 2025 |
| EPS estimate | $0.330 |
| EPS actual | $0.270 |
| EPS Surprise | -18.18% |
| Revenue estimate | 25.685M |
| Revenue actual | -10606000 |
| Revenue Surprise | -141.29% |
Q3 2024
Missed
$0.320 (-8.57%)
| Release date | Oct 29, 2024 |
| EPS estimate | $0.350 |
| EPS actual | $0.320 |
| EPS Surprise | -8.57% |
| Revenue estimate | 25.685M |
| Revenue actual | 24.563M |
| Revenue Surprise | -4.37% |
Q2 2024
Beat
$0.360 (5.88%)
| Release date | Jul 30, 2024 |
| EPS estimate | $0.340 |
| EPS actual | $0.360 |
| EPS Surprise | 5.88% |
| Revenue estimate | 25.32M |
| Revenue actual | 28.142M |
| Revenue Surprise | 11.15% |
Last 4 Quarters for Horizon Technology Finance
Below you can see how HRZN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Jul 30, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $12.06 |
| EPS estimate | $0.340 |
| EPS actual | $0.360 |
| EPS surprise | 5.88% |
| Date | Price |
|---|---|
| Jul 24, 2024 | $12.17 |
| Jul 25, 2024 | $12.20 |
| Jul 26, 2024 | $12.27 |
| Jul 29, 2024 | $12.17 |
| Jul 30, 2024 | $12.06 |
| Jul 31, 2024 | $11.64 |
| Aug 01, 2024 | $11.61 |
| Aug 02, 2024 | $11.22 |
| Aug 05, 2024 | $10.86 |
| 4 days before | -0.90% |
| 4 days after | -9.95% |
| On release day | -3.48% |
| Change in period | -10.76% |
Q3 2024
Missed
| Release date | Oct 29, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $10.01 |
| EPS estimate | $0.350 |
| EPS actual | $0.320 |
| EPS surprise | -8.57% |
| Date | Price |
|---|---|
| Oct 23, 2024 | $10.06 |
| Oct 24, 2024 | $10.30 |
| Oct 25, 2024 | $10.07 |
| Oct 28, 2024 | $10.13 |
| Oct 29, 2024 | $10.01 |
| Oct 30, 2024 | $9.69 |
| Oct 31, 2024 | $9.65 |
| Nov 01, 2024 | $9.44 |
| Nov 04, 2024 | $9.27 |
| 4 days before | -0.497% |
| 4 days after | -7.39% |
| On release day | -3.20% |
| Change in period | -7.85% |
Q4 2024
Missed
| Release date | Mar 04, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $9.60 |
| EPS estimate | $0.330 |
| EPS actual | $0.270 |
| EPS surprise | -18.18% |
| Date | Price |
|---|---|
| Feb 26, 2025 | $9.67 |
| Feb 27, 2025 | $9.64 |
| Feb 28, 2025 | $9.85 |
| Mar 03, 2025 | $9.77 |
| Mar 04, 2025 | $9.60 |
| Mar 05, 2025 | $8.65 |
| Mar 06, 2025 | $8.82 |
| Mar 07, 2025 | $9.28 |
| Mar 10, 2025 | $9.39 |
| 4 days before | -0.724% |
| 4 days after | -2.19% |
| On release day | -9.95% |
| Change in period | -2.90% |
Q1 2025
(Upcoming)
| Release date | Apr 29, 2025 |
| Fiscal end date | Mar 30, 2025 |
| Price on release | - |
| EPS estimate | $0.330 |
| EPS actual | - |
| Date | Price |
|---|---|
| Apr 11, 2025 | $8.22 |
| Apr 14, 2025 | $8.34 |
| Apr 15, 2025 | $8.37 |
| Apr 16, 2025 | $8.08 |
| Apr 17, 2025 | $8.39 |
Horizon Technology Finance Earnings Call Transcript Summary of Q4 2024
Net Investment Income (NII)
The company generated an NII of $1.32 per share for the full year of 2024, covering regular monthly distributions of $0.11 per share.
Earnings for Q4
- NII for Q4 was $0.27 per share, down from $0.32 in Q3 2024 and $0.45 in Q4 2023, primarily due to lower interest income and fee income associated with debt investments.
Portfolio Size
- Ended 2024 with a portfolio worth $698 million, demonstrating growth for two consecutive quarters.
Net Asset Value (NAV)
- NAV decreased to $8.43 per share from $9.06 in Q3 2024, attributed to fair value markdowns and the company's monthly distributions.
Operational Highlights
- Portfolio Growth and Outlook: The portfolio is expected to continue growing in 2025, with a current backlog of $207 million and a robust pipeline of over $1 billion in potential debt opportunities.
- Debt Investment Yield: A debt portfolio yield of 14.9% for Q4, one of the highest in the BDC industry.
- Recent Loan Activity: Funded seven new debt investments totaling $59 million in Q4, as well as additional activity in January and February 2025.
Strategic Developments
- Balance Sheet Strength: Strengthened through a $100 million credit facility, a $20 million convertible debt offering, and raising over $66 million through equity sales.
- Distributions: The board declared distributions of $0.11 per share through June 2025 and waived performance-based incentive fees to align with shareholders better.
Market Conditions
- Venture Capital Landscape: Signaling improvement with $75 billion invested in VC-backed companies in Q4 2024, driven primarily by AI projects, although total investment remained below pre-pandemic highs.
- Exit Markets: The exit market is showing signs of recovery, with several IPOs already completed in 2025 in the life sciences sector.
Risks and Challenges
- Investment Performance: Underperformance of stressed investments has led to fair value markdowns.
- Regulatory Climate: Uncertainties in the drug pricing market could influence the operations of portfolio companies, especially in life sciences.
Future Expectations
- Investor Confidence: Management remains optimistic about 2025, expressing confidence in ongoing portfolio growth, strong NII generation, and maintaining distributions in line with historical performance.
Horizon Technology Finance Earnings History
Earnings Calendar
FAQ
When is the earnings report for HRZN?
Horizon Technology Finance Corporation (HRZN) has scheduled its earnings report for Apr 29, 2025 before the markets open.
What is the HRZN price-to-earnings (P/E) ratio?
HRZN P/E ratio as of Apr 17, 2025 (TTM) is -51.78.
What is the HRZN EPS forecast?
The forecasted EPS (Earnings Per Share) for Horizon Technology Finance Corporation (HRZN) for the first fiscal quarter 2025 is $0.330.
What are Horizon Technology Finance Corporation's retained earnings?
On its balance sheet, Horizon Technology Finance Corporation reported retained earnings of -$10.61 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
