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Horizon Tech’s 1Q net slides

Farmington’s Horizon Technology Finance Corp. booked a 24 percent lower first-quarter gain from its specialty funding operations.

For three months ended March 31, Horizon realized a net gain of $3.9 million, or 39 cents a share, down from $5.1 million, or 53 cents a share, gained the same quarter in 2014.

Last March 24, the company sold two million common shares, netting $27 million that Horizon intends to deploy to restock and sustain its pipeline of investable credits, officials said.

Horizon finances nascent businesses engaged in the technology, life science, healthcare information and services and cleantech industries, through fixed-rate venture loans or in exchange for stock warrants or other equity.

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