August 1, 2018

Horizon Tech's 2Q net rises

HBJ File Photo
HBJ File Photo
Gerald A. Michaud, president of Horizon Technology Finance Corp.

Farmington's Horizon Technology Finance Corp. posted higher second-quarter net income from its venture-loan stakes in technology, life-sciences, clean-tech and health-data and services companies.

For three months ended June 30, the specialty financier netted $3.3 million, or 29 cents a share, vs. $2.8 million, or 24 cents a share, netted the same quarter a year ago.

Horizon ended the quarter with assets of $243.3 million vs. $234.2 million a year earlier.

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