Horizon Technology Finance Corporation (HRZN)

HRZN Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	113.48	79.19	60.02	46.04	43.13
Revenue Growth (YoY)	43.29%	31.95%	30.37%	6.75%	38.71%
Cost of Revenue	15.89	18.31	14.67	11.65	10.67
Gross Profit	97.58	60.88	45.34	34.39	32.45
Selling, General & Admin	3.5	3.13	2.8	2.21	1.88
Other Operating Expenses	2.18	1.65	1.89	1.54	1.54
Operating Expenses	5.67	4.78	4.69	3.75	3.41
Operating Income	91.91	56.1	40.66	30.64	29.04
Interest Expense / Income	28.97	19.2	12.03	9.67	8.33
Other Expense / Income	78.63	15.04	0.44	14.39	0.97
Pretax Income	-15.7	21.87	28.18	6.59	19.74
Income Tax	1.49	0.72	0.4	0.22	0.24
Net Income	-17.19	21.15	27.78	6.36	19.5
Net Income Growth	-	-23.87%	336.55%	-67.36%	49.87%
Shares Outstanding (Basic)	31	25	20	18	13
Shares Outstanding (Diluted)	31	25	20	18	13
Shares Change	25.20%	23.46%	14.22%	30.10%	16.92%
EPS (Basic)	-0.56	0.86	1.39	0.36	1.45
EPS (Diluted)	-0.56	0.86	1.39	0.36	1.45
EPS Growth	-	-38.13%	286.11%	-75.17%	28.32%
Free Cash Flow	-5.26	-246.28	-75.99	-25.28	-51.41
Free Cash Flow Per Share	-0.17	-9.96	-3.79	-1.44	-3.81
Dividend Per Share	1.370	1.260	1.250	1.250	1.200
Dividend Growth	8.73%	0.80%	0%	4.17%	0%
Gross Margin	85.99%	76.88%	75.55%	74.70%	75.25%
Operating Margin	80.99%	70.85%	67.74%	66.57%	67.34%
Profit Margin	-15.14%	26.71%	46.29%	13.82%	45.21%
Free Cash Flow Margin	-4.63%	-310.99%	-126.62%	-54.92%	-119.20%
Effective Tax Rate	-	3.27%	1.42%	3.37%	1.21%
EBITDA	13.28	41.07	40.22	16.26	28.07
EBITDA Margin	11.70%	51.86%	67.01%	35.32%	65.08%
EBIT	13.28	41.07	40.22	16.26	28.07
EBIT Margin	11.70%	51.86%	67.01%	35.32%	65.08%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).