NASDAQ$HROW

Harrow Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Harrow announced strong first quarter results, demonstrating successful execution of its strategic plan.

Harrow reported record revenues of $26.1 million for Q1 2023, a 28% increase over the previous quarter. The company reaffirms its 2023 revenue guidance of $135 million to $143 million and adjusted EBITDA of $44 million to $50 million.

  • Harrow achieved record revenues of $26.1 million in Q1 2023.
  • Revenue increased by 28% compared to the fourth quarter of 2022.
  • The company expects branded pharmaceutical product revenue to outpace compounded pharmaceutical product revenue.
  • 2023 revenue guidance is reaffirmed at $135 million to $143 million, with adjusted EBITDA between $44 million and $50 million.

Headline financials

Total Revenue

$26.1M

Previous: $22.1M+18.0%
EPS (adj)

-$0.03

Previous: $0.03-200.0%
Capital Expenditures

-$496K

Previous: -$404K-22.8%
Free Cash Flow

-$7.14M

Previous: -$2.84M-151.2%
Net Income

-$6.64M

Previous: -$2.44M-172.5%
Operating Income

$1.21M

Previous: $2.1M-42.4%
Gross Profit

$17.8M

Previous: $16.2M+10.4%
Cash & Equivalents

$19.2M

Previous: $41.9M-54.1%
Total Assets

$217M

Previous: $97.6M+122.9%
Stock-Based Comp

$1.63M

Previous: $2.02M-19.0%

Revenue & EPS history

Harrow · Revenue · Quarterly

$26.1M

Q1 2023+18%vs Q1 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Harrow reaffirms its 2023 revenue guidance of $135 million to $143 million and adjusted EBITDA of $44 million to $50 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+8.7%

Avg return

30 days after

52%

25 / 48 earnings

Positive

+49.3%

Q2 2024

Best reaction

-36.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-18.5%
Q4 2025+2.3%-32.2%-34.1%
Q3 2025+13.6%+19.5%+49.7%
Q1 2025+3.4%+6.5%+25.4%
Q4 2024-6.0%+21.8%+2.9%
Q3 2024-14.1%-23.9%-28.9%
Q2 2024+49.3%+56.3%+67.2%
Q1 2024+40.0%+44.5%+57.3%
Q4 2023+0.3%+9.6%+3.4%
Q3 2023-36.0%-30.2%-21.7%
Q2 2023-17.4%-14.7%-26.8%
Q1 2023-20.5%-24.1%-26.9%
Q4 2022+6.7%+22.9%+42.6%
Q3 2022-4.2%-9.4%+10.5%
Q2 2022+12.2%+24.6%+32.6%
Q1 2022+3.3%-5.3%+15.3%
Q4 2021+3.0%-1.4%-1.7%
Q3 2021-4.9%-3.3%-21.1%
Q2 2021-0.3%-0.8%+13.0%
Q1 2021+15.8%+14.5%+14.0%
Q4 2020+3.5%+3.4%-12.3%
Q3 2020+25.8%+30.0%+19.9%
Q2 2020+4.8%+10.4%+15.0%
Q1 2020-5.8%-9.7%+36.5%
Q4 2019-7.5%-16.0%-3.8%
Q3 2019+18.6%+16.1%+33.8%
Q2 2019-23.6%-21.7%-8.0%
Q1 2019+10.1%+16.5%+26.6%
Q4 2018-7.5%-20.3%-30.1%
Q3 2018+7.2%+23.0%+38.4%
Q2 2018+13.4%+29.3%+26.4%
Q1 2018+9.3%+5.3%+6.2%
Q4 2017-3.4%-5.3%-3.9%
Q3 2017+5.7%+19.1%+7.6%
Q2 2017-7.9%-9.7%-28.2%
Q1 2017-4.8%-12.6%-22.5%
Q4 2016+2.9%+17.0%+79.7%
Q3 2016-9.8%-13.2%-28.9%
Q2 2016-3.1%-2.6%+6.5%
Q1 2016+1.9%
Q4 2015-2.2%
Q3 2015-6.2%
Q2 2015-1.3%
Q1 2015+1.3%
Q4 2014+3.5%
Q3 2014-2.7%
Q2 2014+7.8%
Q2 2010-1.0%

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