Recap: Horizon Tech Finance Q3 Earnings

Shares of Horizon Tech Finance HRZN rose 0.86% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 19.05% year over year to $0.34, which beat the estimate of $0.31.

Revenue of $12,331,000 rose by 8.40% year over year, which beat the estimate of $11,810,000.

Guidance

Horizon Tech Finance hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $13.78

Company's 52-week low was at $4.51

Price action over last quarter: Up 0.78%

Company Description

Horizon Technology Finance Corp is a specialty finance company. Its investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. It lends to and invests in development-stage companies in the technology, life science, healthcare information and services and cleantech industries.