Horizon Technology Finance Corp chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 3.15
Dividend & Yield1.32$ (10.22%)
Beta 1.11
Market capitalization 347.18M
Operating cash flow -163.17M
ESG Scores unknown

Company description

Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio4.14
Working Capital0.8
Return On Equity0.11
Debt To Equity1.05
Fixed Asset Ratio0.09
Fixed Interest Cover3.38

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -1.04M -1.59M -1.41M -1.29M
Total Cashflows From Investing Activities
Net Borrowings 32.5M 26.5M 33.25M 72.62M
Total Cash From Financing Activities 18.05M 56.2M 55.66M 75.52M
Change To Operating Activities 553k 148k -1.42M -354k
Issuance Of Stock 47.1M 47.1M 44.61M 30.09M
Net Income 13.01M 19.5M 6.36M 27.78M
Change In Cash 6M 4.79M 30.37M -477k
Effect Of Exchange Rate
Total Cash From Operating Activities -12.06M -51.41M -25.28M -75.99M
Depreciation
Change To Account Receivables 99k -679k 887k -173k
Other Cashflows From Financing Activities -777k -1.81M -890k -2.65M
Change To Netincome -25.23M -69.51M -30.72M -103.04M
Capital Expenditures

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 13.04M 19.74M 6.59M 28.18M
Net Income 13.01M 19.5M 6.36M 27.78M
Selling General Administrative 10.83M 14.09M 15.39M 19.36M
Gross Profit 31.09M 43.12M 46.03M 60.02M
Ebit 20.26M 29.04M 30.64M 40.66M
Operating Income 20.26M 29.04M 30.64M 40.66M
Interest Expense -6.36M -8.33M -9.67M -12.03M
Income Tax Expense 34k 239k 222k 401k
Total Revenue 31.09M 43.12M 46.03M 60.02M
Cost Of Revenue
Total Other Income ExpenseNet -7.22M -9.3M -24.06M -12.47M
Net Income From Continuing Ops 13.01M 19.5M 6.36M 27.78M
Net Income Applicable To Common Shares 13.01M 19.5M 6.36M 27.78M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 132.49M 159.95M 194.56M 268.62M
Total Stockholder Equity 134.26M 184.06M 212.6M 245.34M
Other Current Liabilities 3.46M 4.67M 5.79M 6.37M
Total Assets 266.75M 344M 407.16M 513.96M
Common Stock 12k 16k 19k 22k
Other Current Assets 1.13M 1.06M 1.36M
Retained Earnings -45.37M -42.62M -58.71M -56.05M
Treasury Stock
Cash 12.59M 6.46M 19.5M 38.05M
Total Current Liabilities 5.64M 7.9M 8.74M 11.01M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 16.56M 13.13M 25.5M 45.57M
Net Tangible Assets 134.26M 184.06M 212.6M 245.34M
Net Receivables 3.97M 5.53M 4.95M 6.15M
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to Horizon Technology Finance Corp:

Filer Name Transaction Text Ownership Date Filer Relation Shares
TROLIO DANIEL R.Purchase at price 13.04 per share.D2022-11-16Chief Financial Officer758
MAHONEY EDMUND VPurchase at price 9.88 per share.D2022-09-29Director500
POMEROY ROBERT D JRPurchase at price 11.30 per share.D2022-06-21Chief Executive Officer4k
SAVAGE JOSEPH JPurchase at price 12.23 per share.D2022-05-16Director10k
SAVAGE JOSEPH JPurchase at price 11.82 per share.D2022-05-12Director5k
TROLIO DANIEL R.Purchase at price 12.00 per share.D2022-05-10Chief Financial Officer414
MICHAUD GERALD APurchase at price 12.06 per share.D2022-05-09President3.05k
POMEROY ROBERT D JRPurchase at price 12.57 - 12.73 per share.D/I2022-05-06Chief Executive Officer5k
MICHAUD GERALD APurchase at price 15.87 per share.D2021-12-06President3.45k
POMEROY ROBERT D JRPurchase at price 16.11 - 16.13 per share.D/I2021-12-06Chief Executive Officer3.1k
POMEROY ROBERT D JRPurchase at price 16.34 - 16.36 per share.D/I2021-05-06Chief Executive Officer3.1k
MICHAUD GERALD APurchase at price 16.19 per share.D2021-05-04President2.5k
MICHAUD GERALD APurchase at price 13.30 per share.D2021-03-05President11.3k
POMEROY ROBERT D JRPurchase at price 13.25 per share.D2021-03-05Chief Executive Officer5k
POMEROY ROBERT D JRPurchase at price 13.25 per share.D2021-03-05Chief Executive Officer5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Horizon Technology Finance Corp. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Horizon Technology Finance Corp

Here is the result of two systematic investment strategies applied to Horizon Technology Finance Corp. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Horizon Technology Finance Corp

The following chart shows the equity curve of the two systematic investment strategies applied to Horizon Technology Finance Corp:

Horizon Technology Finance Corp automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 51.42% on the backtest period.

Performance at glance

Performance

51.42 %

Latent gain

896.52 $

Invested capital

1743.48 $

Annualized return

12.54 %
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Momentum strategy results on Horizon Technology Finance Corp

This is the result of two momentum investment strategies applied to Horizon Technology Finance Corp. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Horizon Technology Finance Corp

The following chart shows all the entries opened by the momentum investment system on Horizon Technology Finance Corp:

Horizon Technology Finance Corp momentum entries
  • The first momentum investment strategy would give 46.94% of return on Horizon Technology Finance Corp. That represents 2935.03$ of latent gain with 6252.17$ of employed capital.
  • The second momentum investment strategy would give 47.34% of return on Horizon Technology Finance Corp. That represents 2250.65$ of latent gain with 4754.15$ of employed capital.
Performance at glance (1Q Momentum)

Performance

46.94 %

Latent gain

2935.03 $

Invested capital

6252.17 $

Annualized return

18.9 %
Performance at glance (2Q Momentum)

Performance

47.34 %

Latent gain

2250.65 $

Invested capital

4754.15 $

Annualized return

13.08 %

Momentum equity curve on Horizon Technology Finance Corp

The following chart shows the equity curve of the two momentum strategies applied to Horizon Technology Finance Corp:

Horizon Technology Finance Corp momentum equity

Note: the dividends potentially given by Horizon Technology Finance Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Horizon Technology Finance Corp

The following chart shows the employed capital evolution of the two momentum strategies on Horizon Technology Finance Corp since the beginning:

Horizon Technology Finance Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Horizon Technology Finance Corp

Buy the dip entry openings on Horizon Technology Finance Corp

Horizon Technology Finance Corp

The performance achieved by the robo-advisor on Horizon Technology Finance Corp is 39.68%. That represents 100.0$ of latent gain with 252.0$ of employed capital. The following chart shows Horizon Technology Finance Corp stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Horizon Technology Finance Corp, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

39.68 %

Latent gain

100.0 $

Invested capital

252.0 $

Annualized return

18.9 %

Equity curve of the strategy applied to Horizon Technology Finance Corp

The following chart shows the result of the investment strategy applied to Horizon Technology Finance Corp:

Horizon Technology Finance Corp

Note: the dividends potentially given by Horizon Technology Finance Corp are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Horizon Technology Finance Corp

The following chart shows the employed capital evolution since the beginning of the investment strategy on Horizon Technology Finance Corp:

Horizon Technology Finance Corp

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Horizon Technology Finance Corp

In this section, I will compare the three previous investment strategies applied to Horizon Technology Finance Corp.

Equity curve comparison on Horizon Technology Finance Corp

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Horizon Technology Finance Corp investment strategy comparison

Employed capital comparison on Horizon Technology Finance Corp

Horizon Technology Finance Corp investment comparison

Performance comparison on Horizon Technology Finance Corp

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 51.42% 896.52$ 1743.48$ 12.54%
Momentum 1 quarter 46.94% 2935.03$ 6252.17$ 12.16%
Momentum 2 quarters 47.34% 2250.65$ 4754.15$ 13.08%
Non-directional 39.68% 100.0$ 252.0$ 18.9%
Annualized return comparison

Automatic investment

12.54 %

Momentum 1Q

13.08 %

Momentum 2Q

13.08 %

Non-directional

18.9 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Horizon Technology Finance Corp:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • Impac Mortgage Holdings Inc

  • Note: The algorithm computes the probability of correlation between Horizon Technology Finance Corp and the other stocks. There may be false positives or some missing correlated stocks. If the price of Horizon Technology Finance Corp does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Horizon Technology Finance Corp
    Country United States
    City Farmington
    Address 312 Farmington Avenue
    Phone 860 676 8654
    Website
    FullTime employees
    Industry Asset Management
    Sector Financial Services
    Exchange XNAS
    Ticker HRZN
    Market www.nasdaq.com

    Horizon Technology Finance Corp ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown