horizon is a venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. horizon's experienced team of investment and operations professionals have been providing debt capital to some of the most exciting companies for decades. since 2004, horizon has directly originated and invested more than $1.2 billion in venture loans to more than 200 growing companies. with horizon's industry knowledge and proven reliability as a capital source, combined with its long-standing relationships in the venture capital community, the horizon team shares the optimism of its portfolio companies and their commitment to overcome any obstacles to success. horizon is opportunistic and forward-looking. taking the long view does more than bridge the financial gap. it allows horizon's portfolio companies to get from where they are to where they want to be. headquartered in farmington, connecticut, horizon technology finance corporation (n
Company profile
Ticker
HRZN, HTFB, HTFC
Exchange
Website
CEO
Robert D. Pomeroy
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
Compass Horizon Funding Company LLC • Horizon Credit II LLC • Horizon Funding 2019-1 LLC • Horizon Secured Loan Fund I LLC • Horizon Funding I, LLC • HESP LLC • Horizon Funding 2022-1 LLC ...
IRS number
272114934
SEC advisor number
801-71141
FINRA CRD number
153052
AUM ?
$797.24 mm
(as of 1 Feb 24)
Accounts
1
(as of 1 Feb 24)
Employees
32
(20 investment advisory or research)
Address
Horizon Technology Finance
312 FARMINGTON AVENUE
FARMINGTON
CT 06032
312 FARMINGTON AVENUE
FARMINGTON
CT 06032
Phone
860-676-8654
HRZN stock data
Latest filings (excl ownership)
8-K
Horizon Technology Finance Provides First Quarter 2024 Portfolio Update
10 Apr 24
8-K
Other Events
27 Feb 24
8-K
Horizon Technology Finance Announces Fourth Quarter and Full Year 2023 Financial Results
27 Feb 24
8-K
Amendments to Articles of Incorporation or Bylaws
26 Feb 24
8-K
Other Events
12 Jan 24
8-K
Horizon Technology Finance Provides Fourth Quarter 2023 Portfolio Update
10 Jan 24
10-Q
2023 Q3
Quarterly report
31 Oct 23
8-K
Other Events
31 Oct 23
8-K
Horizon Technology Finance Announces Third Quarter 2023 Financial Results
31 Oct 23
8-K
Horizon Technology Finance Provides Third Quarter 2023 Portfolio Update
11 Oct 23
Transcripts
HRZN
Earnings call transcript
2023 Q4
28 Feb 24
HRZN
Earnings call transcript
2023 Q3
1 Nov 23
HRZN
Earnings call transcript
2023 Q2
2 Aug 23
HRZN
Earnings call transcript
2023 Q1
3 May 23
HRZN
Earnings call transcript
2022 Q4
1 Mar 23
HRZN
Earnings call transcript
2022 Q3
2 Nov 22
HRZN
Earnings call transcript
2022 Q2
3 Aug 22
HRZN
Earnings call transcript
2022 Q1
4 May 22
HRZN
Earnings call transcript
2021 Q4
2 Mar 22
HRZN
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
4
Gerald A. Michaud
11 Mar 24
3
Evelo Biosciences, Inc.
21 Jul 23
SC 13G
Evelo Biosciences, Inc.
21 Jul 23
3
Michael Balkin
18 Jul 23
3
Jonathan Joseph Goodman
14 Jul 23
3
Lynn Denise Murray Dombrowski
2 Mar 23
3
Kimberley Ann O'Connor
2 Mar 23
4
Gerald A. Michaud
21 Dec 22
4
Robert D. Jr. Pomeroy
12 Dec 22
4
Gerald A. Michaud
7 Dec 22
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 50.11 mm | 50.11 mm | 50.11 mm | 50.11 mm | 50.11 mm | 50.11 mm |
Cash burn (monthly) | 1.02 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.73 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 43.38 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 42.6 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
5.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 48 |
Opened positions | 12 |
Closed positions | 16 |
Increased positions | 18 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 19.76 bn |
Total shares | 1.74 mm |
Total puts | 360.60 k |
Total calls | 447.30 k |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
Green Alpha Advisors | 255.27 k | $3.03 bn |
MS Morgan Stanley | 217.90 k | $2.59 bn |
Advisors Asset Management | 213.03 k | $2.53 bn |
Eqis Capital Management | 121.68 k | $1.45 bn |
BLK Blackrock | 112.01 k | $1.33 bn |
LGEN Legal & General | 109.64 k | $1.30 bn |
PNC PNC Financial Services | 63.56 k | $755.09 mm |
Virtus ETF Advisers | 57.84 k | $687.08 mm |
LPL Financial | 52.89 k | $628.37 mm |
Advisor | 51.35 k | $610.10 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Mar 24 | Michaud Gerald A. | Common Stock | Buy | Acquire P | No | No | 11.77 | 3,650 | 42.96 k | 156,244 |
News
Horizon Technology Finance Provides First Quarter 2024 Portfolio Update; Originates $33.5M Of New Loans In Q1; Ends Quarter With Committed Backlog Of $168M
10 Apr 24
UBS Maintains Neutral on Horizon Tech Finance, Lowers Price Target to $10.5
18 Mar 24
Friday Is Your Last Chance To Buy Horizon Tech Finance Before The Dividend Payout
13 Mar 24
Keefe, Bruyette & Woods Maintains Underperform on Horizon Tech Finance, Lowers Price Target to $9.5
12 Mar 24
Oppenheimer Maintains Perform on Horizon Tech Finance, Lowers Price Target to $10
1 Mar 24
Press releases
Horizon Technology Finance to Announce First Quarter 2024 Financial Results
16 Apr 24
Horizon Technology Finance Provides First Quarter 2024 Portfolio Update
10 Apr 24
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
27 Feb 24
Horizon Technology Finance Announces Fourth Quarter and Full Year 2023 Financial Results
27 Feb 24
BIOVAXYS COMPLETES THE ACQUISITION OF ALL INTELLECTUAL PROPERTY, IMMUNOTHERAPEUTICS PLATFORM TECHNOLOGY, AND CLINICAL STAGE ASSETS OF THE FORMER IMV INC.
21 Feb 24