Horizon Technology Finance

Horizon Technology Finance Corp. operates as a specialty finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. It is also involved in lending and investing in portfolio companies in technology, life science, healthcare information and services and cleantech industries. The company was founded by John C. Bombara, Daniel S. Devorsetz, Robert D. Pomeroy and Gerald A. Michaud on March 16, 2010 and is headquartered in Farmington, CT.

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Horizon Technology Finance excels in Q2 amidst venture challenges

Horizon Technology Finance delivered a strong performance in Q2 2024, supported by a resilient venture lending business and effective portfolio management.
While facing challenges in the venture capital environment and market uncertainties, the company remains focused on growth and stability.
Opportunities for portfolio expansion, funding, and strategic partnerships position Horizon Technology Finance for future success and value creation.

Horizon Technology Finance (HRZN) posts strong Q3 results amid growth opportunities

Horizon Technology Finance (HRZN) delivered a strong financial performance in Q3 2024, driven by robust net investment income and strategic partnerships.
While facing challenges in asset quality management and financial uncertainties, HRZN's focus on balance sheet strengthening and growth opportunities positions it well for the future.
By capitalizing on positive market trends, venture debt financing, and effective balance sheet management, HRZN aims to sustain its growth trajectory and enhance shareholder value.

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Horizon Technology Finance Corp., a traded business development company invests in companies located in the US. The fund targets companies openhearted in the fields of technology, life science and sustainability sectors. It provides financing for later stage capital requirements.

Horizon Technology Finance has underperformed the BDC index and lost a tangible chunk of its market cap since the issuance of my bearish thesis. Looking at the fundamentals, it is clear that the price correction has been fully justified. Despite the drop, I still consider Horizon Technology Finance an unattractive case going forward.

Horizon Technology Finance: Still Too Expensive After The Price Correction

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Horizon Technology Finance Corp Notes 2017-15.09.22

Horizon Technology Finance (HRZN) Q4 2023 Earnings Call Transcript

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Horizon Technology Finance (HRZN) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.40 per share a year ago.

Horizon Technology Finance (HRZN) Lags Q4 Earnings and Revenue Estimates

FARMINGTON, Conn. , Feb. 27, 2024 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon") (the "Company"), an affiliate of Monroe Capital, and 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, announced today that its board of directors has declared monthly cash distributions of $0.11 per share, payable in each of April, May and June 2024, and a special distribution of $0.05 per share, payable in April 2024.

Horizon Technology Finance Announces Monthly Distributions for April, May and June 2024 Totaling $0.33 per Share and Special Distribution for April 2024 of $0.05 per Share

- Fourth Quarter 2023 Net Investment Income per Share of $0.45; NAV per Share of $9.71 - - Annual Debt Portfolio Yield of 16.6% - - HRZN Ends Year with Committed Backlog of $218 Million - - Declares Regular Monthly Distributions Totaling $0.33 per Share through June 2024 and $0.05 Special Distribution Payable in April 2024 - FARMINGTON, Conn. , Feb. 27, 2024 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon" or the "Company"), an affiliate of Monroe Capital, and 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 fourth quarter and full year ended December 31, 2023.

Horizon Technology Finance Announces Fourth Quarter and Full Year 2023 Financial Results

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VANCOUVER, BC , Feb. 21, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) ("BioVaxys" or "Company") is pleased to announce has completed the acquisition of the entire portfolio of discovery, preclinical and clinical development stage assets of former Canadian biotechnology company, IMV Inc., Immunovaccine Technologies Inc., and IMV USA ("IMV").   On February 11 th, 2024, the Company executed the definitive Asset Purchase Agreement for the extensive technology portfolio from HIMV, LLC, an acquisition vehicle formed by Horizon Technology Finance Corporation (NASDAQ: HRZN) and IMV's other secured creditors for the purpose of acquiring IMV's intellectual property through a secured party credit bid in the proceedings commenced in Canada by IMV under the Companies' Creditors Arrangement Act, R.S.C.

BIOVAXYS COMPLETES THE ACQUISITION OF ALL INTELLECTUAL PROPERTY, IMMUNOTHERAPEUTICS PLATFORM TECHNOLOGY, AND CLINICAL STAGE ASSETS OF THE FORMER IMV INC.

FARMINGTON, Conn. , Feb. 13, 2024 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon") (the "Company"), an affiliate of Monroe Capital, and 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, announced today that it plans to release financial results for the fourth quarter ended December 31, 2023 on Tuesday, February 27, 2024, after the close of market trading.

Horizon Technology Finance to Announce Fourth Quarter 2023 Financial Results

Horizon Technology Finance (HRZN) closed at $13.29 in the latest trading session, marking a +0.61% move from the prior day.

Horizon Technology Finance (HRZN) Ascends While Market Falls: Some Facts to Note

VANCOUVER, BC , Feb. 12, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) ("BioVaxys" or "Company") announced that it has executed the definitive  Asset Purchase Agreement dated February 11 th, 2024 to acquire the entire portfolio of discovery, preclinical and clinical development stage assets in oncology, infectious disease, antigen desensitization, and other immunological fields based on the DPX™ immune educating platform technology, developed by Canadian biotechnology company, IMV Inc., Immunovaccine Technologies Inc., and IMV USA ("IMV").  BioVaxys acquired the extensive technology portfolio from HIMV, LLC, an acquisition vehicle formed by Horizon Technology Finance Corporation (NASDAQ: HRZN) and IMV's other secured creditors for the purpose of acquiring IMV's intellectual property through a secured party credit bid in the proceedings commenced in Canada by IMV under the Companies' Creditors Arrangement Act, R.S.C.

BioVaxys Acquires All Intellectual Property, Immunotherapeutics Platform Technology, and Clinical Stage Assets of the Former IMV Inc.

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Horizon Technology Finance (HRZN) closed at $13.27 in the latest trading session, marking a -0.82% move from the prior day.

Horizon Technology Finance (HRZN) Falls More Steeply Than Broader Market: What Investors Need to Know

In the most recent trading session, Horizon Technology Finance (HRZN) closed at $13.24, indicating a -0.15% shift from the previous trading day.

Horizon Technology Finance (HRZN) Stock Sinks As Market Gains: Here's Why

Horizon Technology Finance is a well-run BDC that invests in neglected technology and life sciences companies. The BDC focuses on a small number of industries, providing secured loans to venture capital-backed companies. HRZN has seen a strong trend in net investment income in FY 2023. Last week's portfolio update shows that the portfolio is growing.

Horizon Technology: A 10% Yield For Long-Term Investors

Horizon Technology Finance offers investors monthly dividend payments, providing recurring income to match fund living expenses. The stock has performed well, outperforming the S&P 500 and other peers in the past decade. HRZN has a healthy payout ratio and potential for special dividends due to NII growth, and could benefit from elevated funding needs amidst a slow IPO market.

Horizon Technology: New Year, More Monthly Dividends

- HRZN Originates $ 63.4 Million of New Loans in Q4 - - HRZN Ends 2023 with Committed Backlog of $218 Million -    FARMINGTON, Conn. , Jan. 10, 2024 /PRNewswire/ -- Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), an affiliate of Monroe Capital, and 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 its portfolio update for the fourth quarter ended December 31, 2023 and an update on the lending platform ("Horizon Platform") of Horizon Technology Finance Management LLC ("HTFM"), its investment adviser.

Horizon Technology Finance Provides Fourth Quarter 2023 Portfolio Update

Hercules Capital is a leading business development company that lends money to technology, life sciences, and energy start-ups. Horizon Technology carries a juicy 9.9% dividend yield and trades at a discount to the competition.

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Horizon Technology Finance focuses on lending to VC-profile companies with a heavy focus on early-stage growth companies. The majority of HRZN's portfolio is in inherently speculative sectors, such as life sciences and healthcare technology. Plus, HRZN carries a relatively debt-saturated balance sheet, which in the context of consistently deteriorating portfolio quality introduces a toxic combination.

Horizon Technology Finance: When The Yield Does Not Justify Risk

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News for Horizon Technology Finance ETF (HRZN)