Financial Snapshot

Revenue
$41.13M
TTM
Gross Margin
-66.26%
TTM
Net Earnings
-$3.863M
TTM
Current Assets
$99.17M
Q3 2024
Current Liabilities
$86.86M
Q3 2024
Current Ratio
114.18%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$342.5M
Q3 2024
Cash
Q3 2024
P/E
-91.34
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenue $62.94M $64.16M $59.97M $31.65M $42.15M $30.23M $23.07M $10.97M $28.97M $35.97M $23.88M $18.66M $24.58M $21.75M $16.29M $6.610M
YoY Change -1.9% 6.97% 89.48% -24.91% 39.43% 31.04% 110.3% -62.13% -19.46% 50.63% 27.97% -24.08% 13.01% 33.52% 146.44%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Revenue $62.94M $64.16M $59.97M $31.65M $42.15M $30.23M $23.07M $10.97M $28.97M $35.97M $23.88M $18.66M $24.58M $21.75M $16.29M $6.610M
Cost Of Revenue $48.70M $40.83M $29.88M $23.87M $21.45M $16.20M $12.73M $15.09M $16.44M $19.31M $19.28M $13.45M $12.34M $7.520M $6.580M $3.880M
Gross Profit -$13.71M $23.33M $30.09M $7.780M $20.71M $14.03M $10.34M -$4.110M $12.53M $16.66M $4.600M $5.210M $12.23M $14.22M $9.710M $2.730M
Gross Profit Margin -21.78% 36.36% 50.17% 24.58% 49.13% 46.41% 44.82% -37.47% 43.25% 46.32% 19.26% 27.92% 49.76% 65.38% 59.61% 41.3%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Selling, General & Admin $1.837M $1.459M $1.511M $1.190M $970.0K $990.0K $800.0K $890.0K $1.020M $1.070M $850.0K $990.0K $990.0K -$440.0K $460.0K $1.800M
YoY Change 25.91% -3.44% 26.97% 22.68% -2.02% 23.75% -10.11% -12.75% -4.67% 25.88% -14.14% 0.0% -325.0% -195.65% -74.44%
% of Gross Profit 6.26% 5.02% 15.3% 4.68% 7.06% 7.74% 8.14% 6.42% 18.48% 19.0% 8.09% -3.09% 4.74% 65.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.837M $1.459M $1.511M $1.190M $970.0K $990.0K $800.0K $880.0K $1.020M $1.070M $850.0K $990.0K $990.0K -$440.0K $460.0K $1.800M
YoY Change 25.91% -3.44% 26.97% 22.68% -2.02% 23.75% -9.09% -13.73% -4.67% 25.88% -14.14% 0.0% -325.0% -195.65% -74.44%
Operating Profit -$15.54M $21.87M $28.58M $6.590M $19.74M $13.04M $9.540M -$4.990M $11.51M $15.59M $3.750M $4.220M $11.24M $14.66M $9.250M $930.0K
YoY Change -171.09% -23.49% 333.66% -66.62% 51.38% 36.69% -291.18% -143.35% -26.17% 315.73% -11.14% -62.46% -23.33% 58.49% 894.62%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Interest Expense $28.97M $19.20M $12.03M $9.673M
YoY Change 50.87% 59.56% 24.41%
% of Operating Profit 87.82% 42.11% 146.78%
Other Income/Expense, Net $80.00K $0.00 $350.0K
YoY Change -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Pretax Income -$15.70M $21.87M $28.18M $6.590M $19.74M $13.04M $9.620M -$5.000M $11.86M $15.59M $3.750M $4.220M $11.34M $14.73M $9.310M $1.290M
YoY Change -171.78% -22.41% 327.66% -66.62% 51.38% 35.55% -292.4% -142.16% -23.93% 315.73% -11.14% -62.79% -23.01% 58.22% 621.71%
Income Tax $1.490M $715.0K $401.0K $220.0K $240.0K $30.00K $30.00K -$90.00K $0.00 $160.0K $240.0K $230.0K $340.0K $0.00 $0.00 $0.00
% Of Pretax Income 3.27% 1.42% 3.34% 1.22% 0.23% 0.31% 0.0% 1.03% 6.4% 5.45% 3.0% 0.0% 0.0% 0.0%
Net Earnings -$17.19M $21.15M $27.78M $6.360M $19.50M $13.01M $9.590M -$4.910M $11.86M $15.43M $3.510M $3.990M $11.00M $14.73M $9.310M $1.290M
YoY Change -181.25% -23.87% 336.82% -67.38% 49.88% 35.66% -295.32% -141.4% -23.14% 339.6% -12.03% -63.73% -25.32% 58.22% 621.71%
Net Earnings / Revenue -27.3% 32.97% 46.32% 20.09% 46.26% 43.04% 41.57% -44.76% 40.94% 42.9% 14.7% 21.38% 44.75% 67.72% 57.15% 19.52%
Basic Earnings Per Share $1.98 $1.46 $1.41 $1.18
Diluted Earnings Per Share -$0.56 $0.86 $1.387M $362.8K $1.447M $1.128M $832.5K -$425.5K $1.061M $1.604M $366.4K $470.5K $1.445M $1.948M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Cash & Short-Term Investments $73.08M $27.68M $45.92M $46.70M $16.30M $12.60M $6.600M $37.10M $20.80M $8.400M $25.30M $1.000M $1.300M $37.70M $9.900M $20.00M
YoY Change 164.04% -39.73% -1.67% 186.5% 29.37% 90.91% -82.21% 78.37% 147.62% -66.8% 2430.0% -23.08% -96.55% 280.81% -50.5%
Cash & Equivalents $26.45M $7.066M $7.868M $27.20M $9.800M $9.900M $20.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $87.01M $41.25M $52.08M $51.60M $21.80M $16.60M $10.60M $43.10M $27.10M $13.20M $29.50M $3.800M $4.300M $39.60M $11.40M $20.50M
YoY Change 110.92% -20.79% 0.92% 136.7% 31.33% 56.6% -75.41% 59.04% 105.3% -55.25% 676.32% -11.63% -89.14% 247.37% -44.39%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $711.7M $722.8M $459.4M $353.6M $320.7M $248.4M $222.1M $194.0M $251.6M $208.0M $228.4M $231.2M $191.5M $175.9M $112.0M $92.20M
YoY Change -1.53% 57.33% 29.93% 10.26% 29.11% 11.84% 14.48% -22.89% 20.96% -8.93% -1.21% 20.73% 8.87% 57.05% 21.48%
Other Assets $200.0K $1.400M $2.500M
YoY Change -85.71% -44.0%
Total Long-Term Assets $715.4M $725.6M $461.9M $355.6M $322.2M $250.1M $223.5M $196.2M $253.8M $212.0M $234.2M $235.9M $193.5M $176.6M $113.5M $94.70M
YoY Change -1.41% 57.09% 29.89% 10.37% 28.83% 11.9% 13.91% -22.7% 19.72% -9.48% -0.72% 21.91% 9.57% 55.59% 19.85%
Total Assets $802.4M $766.8M $514.0M $407.2M $344.0M $266.7M $234.1M $239.3M $280.9M $225.2M $263.7M $239.7M $197.8M $216.2M $124.9M $115.2M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $4.077M $2.684M $1.926M $1.400M $1.100M $800.0K $600.0K $700.0K $800.0K $700.0K $1.000M $1.100M $1.300M $600.0K $300.0K $400.0K
YoY Change 51.9% 39.36% 37.57% 27.27% 37.5% 33.33% -14.29% -12.5% 14.29% -30.0% -9.09% -15.38% 116.67% 100.0% -25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $47.93M $13.21M $12.23M $9.700M $8.100M
YoY Change 262.83% 7.99% 26.11% 19.75%
Total Short-Term Liabilities $64.07M $27.51M $23.25M $18.40M $16.00M $5.700M $5.000M $4.500M $6.200M $5.200M $5.600M $5.700M $3.400M $1.400M $500.0K $600.0K
YoY Change 132.9% 18.35% 26.33% 15.0% 180.7% 14.0% 11.11% -27.42% 19.23% -7.14% -1.75% 67.65% 142.86% 180.0% -16.67%
Long-Term Debt $414.3M $420.9M $245.4M $176.1M $143.9M $126.9M $94.10M $95.60M $115.0M $81.80M $122.3M $89.00M $64.60M $87.40M $64.20M $63.70M
YoY Change -1.56% 71.52% 39.34% 22.38% 13.4% 34.86% -1.57% -16.87% 40.59% -33.12% 37.42% 37.77% -26.09% 36.14% 0.78%
Other Long-Term Liabilities $300.0K $800.0K $1.200M
YoY Change -62.5% -33.33%
Total Long-Term Liabilities $414.3M $420.9M $245.4M $176.1M $143.9M $126.9M $94.10M $95.60M $115.0M $81.80M $122.3M $89.00M $64.60M $87.70M $65.00M $64.90M
YoY Change -1.56% 71.52% 39.34% 22.38% 13.4% 34.86% -1.57% -16.87% 40.59% -33.12% 37.42% 37.77% -26.34% 34.92% 0.15%
Total Liabilities $478.4M $448.4M $268.6M $194.6M $159.9M $132.5M $99.10M $100.1M $121.1M $86.90M $127.9M $94.70M $67.90M $89.00M $65.40M $65.40M
YoY Change 6.69% 66.92% 38.04% 21.7% 20.68% 33.7% -1.0% -17.34% 39.36% -32.06% 35.06% 39.47% -23.71% 36.09% 0.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008
Basic Shares Outstanding 30.96M 24.73M 20.03M 17.53M
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $352.84 Million

About Horizon Technology Finance Corp

Horizon Technology Finance Corp is a US-based company operating in Capital Markets industry. The company is headquartered in Farmington, Connecticut. The company went IPO on 2010-10-29. Horizon Technology Finance Corporation is a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries. The firm's investment objective is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The company is focused on making secured debt investments to venture capital and private equity backed companies and publicly traded companies in its target industries. The company seeks to invest in companies that vary by their stage of development, their target industries and sectors of target industries and their geographical location, as well as by the venture capital and private equity sponsors that support its portfolio companies. The firm is externally managed by Horizon Technology Finance Management LLC.

Industry: UNKNOWN Peers: BlackRock Capital Investment Corp Blackstone Inc. GLADSTONE CAPITAL CORP SARATOGA INVESTMENT CORP. NewtekOne, Inc. Silvercrest Asset Management Group Inc. Stellus Capital Investment Corp TriplePoint Venture Growth BDC Corp. WhiteHorse Finance, Inc.