Hercules Capital, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 04:09 pm EDT
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Hercules Capital, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 84.23 million compared to USD 70.19 million a year ago. Net income was USD 53.2 million compared to USD 23.55 million a year ago. Basic earnings per share from continuing operations was USD 0.41 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.2 a year ago.
For the nine months, revenue was USD 221.5 million compared to USD 208.51 million a year ago. Net income was USD 39.55 million compared to USD 170.44 million a year ago. Basic earnings per share from continuing operations was USD 0.31 compared to USD 1.47 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 1.46 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. 
