Horizon Technology Finance Q4 EPS Misses by 40%; Revenue Falls 12% to $20.7M
Horizon Technology Finance posted Q4 adjusted EPS of $0.18, missing estimates by 40%, down from $0.27 a year ago. Q4 revenue was $20.67M, a 12.2% decline year-over-year and 16.2% below consensus, marking just one earnings beat in the last four quarters.
1. Q4 Financial Results
Horizon Technology Finance reported adjusted Q4 EPS of $0.18, missing the consensus by 40% and down from $0.27 a year earlier. Revenue for the quarter stood at $20.67 million, 16.2% below expectations.
2. Historical Earnings Performance
The company has surpassed consensus EPS estimates only once over the past four quarters. Revenue declined from $23.55 million in the prior-year period, reflecting a 12.2% year-over-year drop.
3. Stock Movement and Expectations
Shares have declined 6.1% since the start of the year compared with a 0.5% gain for the S&P 500. Consensus for the coming quarter is $0.28 EPS on $22.38 million revenue, with full-year projections of $0.99 EPS on $99.97 million revenue.
4. Industry Position and Peer Update
Operating in the bottom 28% of its industry, Horizon faces sector-wide headwinds. Peer CION Investment Corporation is scheduled to report its Q4 results on March 12, which could provide comparative performance insights.