Horizon Technology Finance Corp (HTFC) Bundle
An Overview of Horizon Technology Finance Corp
General Summary of Horizon Technology Finance Corp.
Horizon Technology Finance Corp., founded in 2010, is a business development company specializing in providing debt and equity financing to technology, life sciences, and other high-growth companies. The firm primarily targets established and emerging companies that are often backed by venture capital firms. Its portfolio includes businesses across various sectors, including software, hardware, and healthcare.
As of 2024, Horizon Technology Finance Corp. has reported a strong sales performance, reflecting a robust demand for its financial products. The company's current assets have reached approximately $300 million, while its total investment portfolio is valued at around $500 million. This diverse portfolio underscores the company's commitment to supporting innovation and growth within its target industries.
Company's Financial Performance in Latest Financial Reports
In the latest financial reporting period ending September 30, 2023, Horizon Technology Finance Corp. achieved a record-breaking revenue of $45 million, marking a significant increase compared to the previous year. This revenue growth was primarily driven by interest income from its loan portfolio, which stood at $40 million, reflecting a 15% year-over-year growth.
| Financial Metric | Q3 2023 | Q3 2022 | Year-Over-Year Change |
|---|---|---|---|
| Total Revenue | $45 million | $36 million | 25% |
| Interest Income | $40 million | $35 million | 15% |
| Net Investment Income | $12 million | $10 million | 20% |
| Total Assets | $300 million | $250 million | 20% |
| Total Investments | $500 million | $420 million | 19% |
Furthermore, the company reported a net income of $12 million for the quarter, resulting in a net asset value per share of approximately $15.75. The growth in markets, particularly in technology and life sciences, has been a driving force behind Horizon's favorable performance, suggesting an optimistic outlook for future quarters.
Introduction to Company as a Leader in Its Industry
Horizon Technology Finance Corp. is recognized as one of the leading companies in the business development sector, particularly in financing technology and life sciences firms. With its strategic focus on high-growth industries and a proven track record of successful investments, the company has positioned itself as a key player in the marketplace.
In 2024, Horizon continues to expand its influence, leveraging its expertise to identify opportunities in emerging technologies and innovative healthcare solutions. This proactive approach, combined with robust financial performance, underscores why Horizon Technology Finance Corp. remains a trusted partner for growth-oriented companies. Investors and stakeholders are encouraged to explore more about Horizon’s unique value proposition and the driving factors behind its success.
Mission Statement of Horizon Technology Finance Corp
Mission Statement of Horizon Technology Finance Corp
Horizon Technology Finance Corp's mission statement serves as a guiding framework for its operational strategies and long-term objectives. It emphasizes the company's commitment to providing innovative financial products and services tailored to the needs of the technology sector.
Core Component 1: Commitment to Innovation
Horizon Technology Finance Corp prioritizes innovation, reflecting its dedication to fostering technological advancements. The company invests significantly in emerging technology firms, as evidenced by its average investment of $20 million per transaction in 2022, supporting over 30 portfolio companies.
- In 2023, Horizon expanded its investment focus to include sectors like artificial intelligence and biotechnology.
- The firm reported a 25% increase in its portfolio's valuation year-over-year, indicating successful innovation investments.
Core Component 2: Client-Centric Services
The mission highlights Horizon's focus on delivering high-quality services to its clients. In 2022, the company achieved a client satisfaction score of 92% based on surveys conducted among its technology clients.
- Horizon offers customized financing solutions, evidenced by the fact that 70% of its clients were repeat customers in 2022.
- In 2023, the company launched an advisory service, which contributed to a 15% increase in revenue from service fees.
Core Component 3: Sustainable Growth and Financial Integrity
Horizon is devoted to sustainable growth while maintaining financial integrity. As of the end of Q2 2023, the company reported total assets of approximately $250 million and net investment income of $20.1 million.
| Metric | Q2 2023 | 2022 Year-End |
|---|---|---|
| Total Assets | $250 million | $230 million |
| Net Investment Income | $20.1 million | $18 million |
| Portfolio Valuation Growth | 25% | 20% |
| Client Satisfaction Score | 92% | 90% |
This focus on sustainable financial practices has resulted in a consistent distribution of dividends, with a current dividend yield of 7%, which positions Horizon favorably among income-seeking investors.
Vision Statement of Horizon Technology Finance Corp
Vision Statement Overview
Horizon Technology Finance Corp. envisions becoming a leading provider of innovative financial solutions tailored for technology companies. This vision is reflected in their commitment to empowering growth in the tech sector through strategic investments and partnerships.
Strategic Innovation
The company aims to drive innovation in the technology finance space. As of 2024, Horizon has allocated approximately $300 million in capital for direct investments in emerging tech startups, focusing on sectors such as software, hardware, and biotech.
Client-Centric Approach
Horizon prioritizes a client-centric approach in its vision statement. The company has reported a 95% satisfaction rate among its clients in 2023, emphasizing the importance of tailored solutions and customer service in their strategic direction.
Long-Term Growth
The vision includes fostering long-term growth for its clients and shareholders. The company aims to achieve a 20% annual growth rate in its investment portfolio and plans to expand its client base by 15% annually over the next five years.
Commitment to Sustainability
Horizon Technology Finance Corp. is committed to sustainability as a key component of its vision. In 2024, the company plans to integrate ESG (Environmental, Social, and Governance) factors into its investment criteria, aiming to increase its sustainable investment portfolio by 30% by year-end.
Financial Performance Goals
The company's vision also encompasses strong financial performance metrics. Horizon has reported a year-to-date revenue of $45 million in Q3 2023, with projections estimating revenues to reach $60 million by the end of 2024.
| Year | Revenue ($ Million) | Investment Allocation ($ Million) | Client Satisfaction (%) | Annual Growth Rate (%) |
|---|---|---|---|---|
| 2021 | 35 | 200 | 90 | 18 |
| 2022 | 40 | 250 | 92 | 20 |
| 2023 | 45 | 300 | 95 | 22 |
| 2024 (Projected) | 60 | 350 | 95 | 20 |
Partnerships and Collaborations
The vision highlights the importance of strategic partnerships and collaborations. Horizon currently engages with over 50 technology firms, enhancing its reach and influence in the market, setting a target to increase collaborations by an additional 25% within the next two years.
Core Values of Horizon Technology Finance Corp
Integrity
The core value of integrity is fundamental to Horizon Technology Finance Corp, ensuring honesty and transparency in all business dealings.
In 2024, Horizon has maintained a commitment to integrity by adhering to strict governance measures. For example, the company has achieved a compliance score of 95% in its internal audits, reflecting its rigorous adherence to ethical standards.
Horizon also conducts annual training for all employees regarding compliance and ethics, with 100% of employees completing their training in 2023.
Innovation
Innovation drives Horizon Technology Finance Corp to remain competitive within the technology finance sector.
In 2023, the company allocated $5 million toward the development of new financial products aimed at supporting emerging technology firms. This investment resulted in a 20% increase in new loan applications for innovative tech startups.
Additionally, Horizon has implemented a collaborative platform that fosters idea sharing among staff, which has led to the introduction of three new investment funds focused on sectors like AI and biotech.
Customer Focus
Customer focus is paramount for Horizon, ensuring that client needs and satisfaction are prioritized.
The company has achieved a customer retention rate of 90% in 2023, reflecting its commitment to high-quality service and strong relationships.
Horizon also launched a feedback program that received over 500 individual responses, enabling the firm to enhance its services based on client insights.
Excellence
Excellence is the pursuit of high performance across all areas of business for Horizon Technology Finance Corp.
The company has reported an increase in total assets to approximately $400 million as of Q3 2023, showcasing effective asset management practices. Furthermore, Horizon's loan portfolio performance has exceeded expectations, with a default rate of less than 1.5%.
In 2023, Horizon was recognized by the Financial Times as one of the “Top 100 Technology Finance Companies,” a testament to its commitment to excellence in service delivery.
| Core Value | Key Metrics | Examples |
|---|---|---|
| Integrity | Compliance Score: 95% | Annual ethics training completion: 100% |
| Innovation | Investment in new products: $5 million | New loan applications increase: 20% |
| Customer Focus | Customer retention rate: 90% | Feedback program responses: 500 |
| Excellence | Total assets: $400 million | Default rate: <1.5% |
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