Horizon Technology Finance (HRZN) Tops Q1 EPS by 2c

Horizon Technology Finance (NASDAQ: HRZN) reported Q1 EPS of $032, 2 cents better than the analyst estimate of $0.30.

• Earned net investment income of $3.2 million, or $0.28 per share, for the quarter
• Net asset value equaled $134.3 million, or $11.65 per share, at quarter end
• Funded $11.0 million in loans to three companies
• Achieved an annualized portfolio yield on debt investments of 14.4% for the quarter
• Ended the quarter with an investment portfolio of $211.9 million
• Experienced liquidity events from three portfolio companies
• Total liquidity as of March 31, 2018 was $40.1 million
• Floating rate loans comprised 99% of the outstanding principal of the loan portfolio at quarter end
• At quarter end, held a portfolio of warrant and equity positions in 76 portfolio companies
• Asset coverage for borrowed amounts of 241% as of March 31, 2018
• Declared distributions of $0.10 per share payable in each of July, August and September 2018, increasing cumulative declared distributions to $10.82 per share since going public in 2010

For earnings history and earnings-related data on Horizon Technology Finance (HRZN) click here.

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