Horizon Historical Income Statement
| HRZN Stock | USD 9.29 0.05 0.54% |
Historical analysis of Horizon Technology income statement accounts such as Other Operating Expenses of 22.6 M or Ebitda of 11.3 M can show how well Horizon Technology Finance performed in making a profits. Evaluating Horizon Technology income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Horizon Technology's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Horizon Technology latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Horizon Technology is a good buy for the upcoming year.
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About Horizon Income Statement Analysis
Horizon Technology Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Horizon Technology shareholders. The income statement also shows Horizon investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Horizon Technology Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Horizon Technology generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Horizon Technology. It is also known as Horizon Technology overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Horizon Technology's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Horizon Technology current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Horizon Technology's Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Research Development is likely to grow to 0.27, while Selling General Administrative is likely to drop about 3.7 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 54.4M | 77.4M | 110.1M | 55.7M | Net Interest Income | 42.4M | 58.2M | 81.2M | 42.6M |
Horizon Technology income statement Correlations
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Horizon Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Horizon Technology income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 8.3M | 9.7M | 12.0M | 19.2M | 29.0M | 30.4M | |
| Selling General Administrative | 3.4M | 3.7M | 4.7M | 4.8M | 5.7M | 3.7M | |
| Total Revenue | 21.3M | 10.3M | 33.3M | 26.6M | (9.9M) | (9.4M) | |
| Gross Profit | 21.3M | 10.3M | 33.3M | 26.6M | (9.9M) | (9.4M) | |
| Other Operating Expenses | 1.6M | 3.7M | 5.1M | 4.8M | 21.6M | 22.6M | |
| Operating Income | 19.7M | 6.6M | 28.2M | 41.1M | (1.3M) | (1.3M) | |
| Ebit | 19.7M | 6.6M | 28.2M | 41.1M | (59.9M) | (56.9M) | |
| Ebitda | 19.7M | 7.6M | 73.5M | 41.1M | 11.9M | 11.3M | |
| Cost Of Revenue | 21.4M | 12.7M | 16.0M | 20.0M | 17.6M | 18.4M | |
| Total Operating Expenses | 1.6M | 3.7M | 5.1M | 4.8M | 21.6M | 22.6M | |
| Income Before Tax | 19.7M | 6.6M | 28.2M | 21.9M | (15.7M) | (14.9M) | |
| Total Other Income Expense Net | (8.3M) | (9.7M) | (12.0M) | (19.2M) | (14.4M) | (13.6M) | |
| Net Income Applicable To Common Shares | 19.5M | 6.4M | 27.8M | 21.2M | 24.3M | 12.8M | |
| Net Income | 19.5M | 6.4M | 27.8M | 21.2M | (17.2M) | (16.3M) | |
| Income Tax Expense | 239K | 222K | 401K | 715K | 1.5M | 1.6M | |
| Depreciation And Amortization | (29.0M) | 1.0M | 45.3M | (56.1M) | 71.8M | 75.4M | |
| Net Income From Continuing Ops | 19.5M | 6.4M | 27.8M | 21.2M | (17.2M) | (16.3M) | |
| Tax Provision | 239K | 222K | 401K | 715K | 1.5M | 1.6M | |
| Net Interest Income | 28.8M | 32.5M | 42.4M | 58.2M | 81.2M | 42.6M | |
| Interest Income | 37.1M | 42.2M | 54.4M | 77.4M | 110.1M | 55.7M |
Pair Trading with Horizon Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Horizon Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Horizon Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Horizon Stock
| 0.94 | BAM | Brookfield Asset Man | PairCorr |
| 0.91 | BX | Blackstone Group Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.91 | APO | Apollo Global Management | PairCorr |
| 0.9 | KKR | KKR Co LP Normal Trading | PairCorr |
| 0.89 | TROW | T Rowe Price | PairCorr |
The ability to find closely correlated positions to Horizon Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Horizon Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Horizon Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Horizon Technology Finance to buy it.
The correlation of Horizon Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Horizon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Horizon Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Horizon Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Horizon Technology Finance. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Horizon Technology. If investors know Horizon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Horizon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.371 | Dividend Share 1.32 | Earnings Share (0.15) | Revenue Per Share 3.009 | Quarterly Revenue Growth (0.16) |
The market value of Horizon Technology is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Technology's value that differs from its market value or its book value, called intrinsic value, which is Horizon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Horizon Technology's market value can be influenced by many factors that don't directly affect Horizon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Horizon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Horizon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.