Hercules Capital, Inc. (NYSE:HCXZ) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 05:00 pm ET

Previous

Hercules Capital, Inc. (NYSE:HCXZ) Q2 2020 Earnings Conference Call - Final Transcript

Share
Close

Loading Event

Loading Transcript

Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Hercules Capital Q2 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that this conference is being recorded.

I would now like to hand the conference over to your speaker today, Mr. Michael Hara. Thank you. Please go ahead, sir.

Executive
Michael Hara

Thank you, Juan. Good afternoon, everyone, and welcome to Hercules conference call for the second quarter of 2020. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer; and Seth Meyer, CFO. Hercules' second quarter of 2020 financial results were released just after today's market close and can be accessed from Hercules Investor Relations section at htgc.com. We have arranged for a replay of the call at Hercules' webpage or by using the telephone number and pass codes provided in today's earnings release.

During this call, we may make forward-looking statements based on current expectations. Actual financial results filed with the Securities and Exchange Commission may differ from those contained herein due to timing delays between the date of this release and in the confirmation and final audit results. In addition, the statements contained in this release that are not purely historical, are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause the actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks and uncertainties, including the uncertainties surrounding the current market turbulence caused by the COVID-19 pandemic and other factors we identify from time to time in our filings with the SEC.

Although, we believe that the assumptions on which these forward-looking statements are reasonable, any of those assumptions can prove to be inaccurate. And as a result, the forward-looking statements based on those assumptions also can be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events. To obtain copies of related SEC filings, please visit our website.

And with that, I will turn the call over to Scott.

Executive
Scott Bluestein

Thank you, Michael, and thank you all for joining us today. We hope that everyone is staying safe and healthy. Continuing with the theme of our Q1 2020 earnings call, I'm going to provide an overview of our performance in Q2 and then discuss key areas of the business that we continue to believe require more attention. I would like to start by once again acknowledging and thanking our employees, management teams and financial partners, who continue to diligently perform their jobs with commitment and resiliency, despite the challenging operating environment that we are all facing as a result of the COVID-19 pandemic.

Q2 was a solid quarter for Hercules Capital, where we were largely