NASDAQ$HROW

Harrow Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced record results for the second quarter and first half ended June 30, 2021.

Harrow Health reported its best financial quarter in company history for Q2 2021, including new records in revenues, cash flow from operations, revenue per shipping day, and units shipped.

  • Second quarter of 2021 was the best financial quarter in company history.
  • Strengthened cash position by raising $75 million of unsecured capital.
  • Purchased rights to AMP-100, a patented, ophthalmic topical anesthetic drug candidate, in July 2021.
  • Expect a new drug application to be submitted to the FDA for AMP-100 in the next few months.

Headline financials

Total Revenue

$18.1M

Previous: $8.06M+125.0%
EPS (adj)

-$0.11

Previous: -$0.01-1000.0%
Capital Expenditures

-$1.36M

Previous: -$536K-153.7%
Free Cash Flow

-$3.84M

Previous: -$773K-396.5%
Net Income

-$2.48M

Previous: -$237K-945.6%
Operating Income

$4.17M

Previous: -$3.21M+229.9%
Gross Profit

$13.7M

Previous: $4.86M+182.5%
Cash & Equivalents

$72.7M

Previous: $4.1M+1671.1%
Total Assets

$107M

Previous: $49.5M+116.3%
Stock-Based Comp

$1.08M

Previous: $545K+97.8%

Revenue & EPS history

Harrow · Revenue · Quarterly

$18.1M

Q2 2021+125%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Harrow Health is positioning itself to deliver a more diverse range of products to its prescribers and attractive operational results to its stockholders in the second half of 2021.

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 Q2 2021

Historical avgQ2 2021

+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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