Horizon Technology Finance Corporation announced its financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, net investment income (NII) was $0.27 per share, down from $0.45 per share in Q4 2023, while full-year NII was $1.32 per share, a decrease from $1.98 per share in 2023.
The company's net asset value (NAV) per share was $8.43 as of December 31, 2024, compared to $9.71 per share at the end of 2023. The debt portfolio yield for Q4 2024 was 14.9%, a decrease from 16.8% in the prior year period, reflecting lower interest income on investments.
Total investment income for Q4 2024 was $23.5 million, down from $28.2 million in Q4 2023. The company reported a net realized loss on investments of $3.2 million for the quarter and net unrealized depreciation of $19.6 million, which impacted NAV.
Horizon declared regular monthly distributions of $0.11 per share for April, May, and June 2025, totaling $0.33 per share. The company also continued to strengthen its balance sheet, raising approximately $19 million through its at-the-market (ATM) program and completing a private $20 million convertible notes offering during the quarter.
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