Welcome to our dedicated page for Horizon Techn news (Ticker: HRZN), a resource for investors and traders seeking the latest updates and insights on Horizon Techn stock.
Horizon Techn (HRZN) provides venture lending and structured debt solutions to innovation-driven companies across technology, life sciences, healthcare, and related sectors. This news hub offers investors and stakeholders timely access to official updates and strategic developments.
Track all essential HRZN announcements in one location, including earnings reports, partnership agreements, and operational milestones. Our curated collection ensures you stay informed about financing initiatives, portfolio company progress, and industry leadership developments without market speculation.
Key updates cover debt financing arrangements, warrant-related activity, and sector-specific growth initiatives. Bookmark this page for efficient monitoring of Horizon Techn's strategic positioning within specialty finance markets. Regular visits provide critical insights for informed analysis of HRZN's market role and investment profile.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported Q2 2021 net investment income of $6.1 million ($0.31/share), down from $6.7 million ($0.40/share) year-over-year. The investment portfolio reached $404.1 million, with a net asset value of $224.3 million ($11.20/share). Horizon funded nine loans totaling $67.3 million, maintaining an annualized portfolio yield of 14.7%. The firm recorded liquidity events from five portfolio companies and announced $0.30/share in monthly distributions for October, November, and December 2021. Liquidity stood at $83.3 million as of June 30, 2021.
Horizon Technology Finance Corporation (NASDAQ: HRZN) will announce its financial results for the second quarter ending June 30, 2021, on July 27, 2021, after market close. A conference call to discuss the results is scheduled for July 28, 2021, at 9:00 a.m. ET, featuring remarks from key executives, including CEO Robert D. Pomeroy, Jr. Interested participants can join the call by phone or via a live webcast on the company's website. Horizon specializes in providing secured loans to venture capital-backed companies across various industries such as technology and life sciences.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported a productive second quarter of 2021, with over $67 million in loans originated. The company achieved a record committed backlog of $143.5 million in debt investments. Notably, Horizon received $38 million in loan prepayments, enhancing its fee and interest income. The portfolio included significant loans to companies in technology and life sciences sectors, including $22.5 million for a commercial space station project. Overall, the company expects continued growth in the second half of 2021.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced on July 6, 2021, that it led a $10 million venture loan to RepTrak Holdings, Inc. Horizon funded $5 million, with the remaining amount from a managed private investment vehicle. RepTrak, known for its enterprise software platform that analyzes corporate reputation, aims to use the funds for general working capital. Gerald A. Michaud, President of Horizon, expressed excitement for RepTrak's growth, while CEO Kylie Wright-Ford highlighted the value of their data in enhancing brand perceptions.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced it has led an $8 million venture loan facility to LiquiGlide, Inc., funding $2 million of the initial $4 million draw. LiquiGlide specializes in frictionless technology for sustainable packaging and medical devices. The loan will be utilized for growth and working capital. LiquiGlide recently partnered with Colgate and is expanding its market presence. Horizon aims to maximize returns through secured loans and aims to support companies committed to sustainability and innovation.
Horizon Technology Finance Management LLC announced key promotions and new hires on June 16, 2021. Significant promotions include John C. Bombara, Daniel S. Devorsetz, and Daniel R. Trolio as Executive Vice Presidents. New hires include Lindsay A. Fouty as Vice President and Senior Credit Officer and Kristin L. Goodchild as Staff Attorney, enhancing Horizon's team in credit and legal sectors. CEO Gerald A. Michaud emphasized the importance of these appointments in strengthening their venture lending capabilities, ultimately aiming to maximize investment returns for Horizon Technology Finance Corporation (NASDAQ: HRZN).
Horizon Technology Finance Corporation (NASDAQ: HRZN) appointed Daniel S. Devorsetz as Chief Operating Officer, effective immediately. Devorsetz has been with the firm since 2004, serving in various roles, including Chief Investment Officer. His promotion reflects his contributions toward enhancing Horizon's business development and credit operations. The company aims to leverage his leadership to navigate the competitive venture investing landscape, focusing on innovative transaction sourcing and portfolio management.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced it led a $30 million venture loan facility to TemperPack Technologies, funding $7.5 million of the initial $15 million draw. TemperPack specializes in sustainable insulated packaging for perishable deliveries, aiming to provide environmentally-friendly alternatives. The loan proceeds will support TemperPack's growth and operational needs. With a focus on eco-friendly packaging, the investment aligns with the rising demand for sustainable solutions in e-commerce and cold chain logistics.
Horizon Technology Finance Corporation (NASDAQ: HRZN) announced monthly cash distributions of $0.10 per share for July, August, and September 2021, totaling $0.30 per share. Since its IPO in 2010, Horizon has distributed a total of $156 million to shareholders. The board evaluates taxable income for these distributions, which may differ from GAAP net income due to various factors. Horizon also offers a Dividend Reinvestment Plan, allowing investors to reinvest distributions into additional shares.
Horizon Technology Finance Corporation (NASDAQ: HRZN) reported strong first-quarter 2021 results, achieving a net investment income of $6.0 million ($0.31 per share), up from $4.3 million ($0.26) year-over-year. The total investment portfolio grew to $380.0 million with a net asset value of $217.7 million ($11.07 per share). The annualized yield on debt investments was 15.2%. Horizon funded $51.0 million in new loans, raised $4.9 million through its ATM program, and declared a $0.10 per share distribution for July to September 2021. The liquidity position remains robust with $148.6 million available.
