Business
Horizon Technology Finance Announces First Quarter 2025 Financial Results
FARMINGTON, Conn., April 29, 2025--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 first quarter ended March 31, 2025.
About this update from Horizon Technology Finance Corporation
[{"type":"text","content":"- First Quarter 2025 Net Investment Income per Share of $0.27; NAV per Share of $7.57 -","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"- Debt Portfolio Yield of 15.0% -","length":33,"tagName":"p","attribs":{}},{"type":"text","content":"- HRZN Ends Quarter with Committed Backlog of $236 Million -","length":60,"tagName":"p","attribs":{}},{"type":"text","content":"- Declares Regular Monthly Distributions Totaling $0.33 per Share through September 2025 -","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"FARMINGTON, Conn., April 29, 2025--(BUSINESS WIRE)--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 first quarter ended March 31, 2025.","length":497,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net investment income ("NII") of $10.7 million, or $0.27 per share, compared to $12.6 million, or $0.38 per share for the prior-year period","length":149,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total investment portfolio of $689.6 million as of March 31, 2025","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net asset value of $305.5 million, or $7.57 per share, as of March 31, 2025","length":75,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Annualized portfolio yield on debt investments of 15.0% for the quarter","length":71,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Funded nine loans totaling $100.3 million","length":41,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Raised total net proceeds of approximately $3.6 million with "at-the-market" ("ATM") offering program","length":121,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Experienced liquidity events from five portfolio companies","length":58,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash of $77.5 million and credi...