Hercules Capital, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 04:18 pm
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Hercules Capital, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 116.23 million compared to USD 72.12 million a year ago. Net income was USD 94.78 million compared to net loss of USD 10.32 million a year ago. Basic earnings per share from continuing operations was USD 0.66 compared to basic loss per share from continuing operations of USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.66 compared to diluted loss per share from continuing operations of USD 0.09 a year ago.
For the six months, revenue was USD 221.32 million compared to USD 137.27 million a year ago. Net income was USD 189.34 million compared to net loss of USD 13.65 million a year ago. Basic earnings per share from continuing operations was USD 1.35 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 1.34 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.
Hercules Capital, Inc. is a specialty finance company. The Company is focused on providing financing solutions to venture capital-backed and institutional-backed companies in a variety of technology, life sciences and sustainable and renewable technology industries. It is structured as an internally managed, non-diversified, closed-end investment company. Its business objectives are to increase its net income, net investment income, and net asset value (NAV) through its investments in primarily Structured Debt or senior secured debt instruments of venture capital-backed and institutional-backed companies across a variety of technology related industries at attractive yields. It invests in a range of companies active in the technology industry sub-sectors characterized by products or services that require advanced technologies, including, computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure and others.
HERCULES CAPITAL, INC. 
