NASDAQ$HROW

Harrow Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced record results for the eighth consecutive quarter, including total revenues, revenue per shipping day, and total number of product units distributed.

Harrow Health announced strong financial and operational performance for Q2 2022, marking the eighth consecutive quarter of record results in key metrics. The company is focused on expanding its eyecare platform and integrating FDA-approved branded pharmaceutical products.

  • Revenues increased for the eighth consecutive quarter.
  • Focused on ensuring that the Harrow eyecare platform has the infrastructure, systems, resources, and talent needed to execute on the growth.
  • Expects several milestone events during the second half, including the PDUFA target action date for AMP-100.
  • Working on transactions expected to add value to the company.

Headline financials

Total Revenue

$23.3M

Previous: $18.1M+28.6%
EPS (adj)

$0.01

Previous: -$0.11+109.1%
Capital Expenditures

-$664K

Previous: -$1.36M+51.2%
Free Cash Flow

-$6.9M

Previous: -$3.84M-79.9%
Net Income

-$6.24M

Previous: -$2.48M-151.8%
Operating Income

$1.69M

Previous: $4.17M-59.5%
Gross Profit

$16.8M

Previous: $13.7M+22.4%
Cash & Equivalents

$46.4M

Previous: $72.7M-36.1%
Total Assets

$98.1M

Previous: $107M-8.3%
Stock-Based Comp

$1.99M

Previous: $1.08M+84.9%

Revenue & EPS history

Harrow · Revenue · Quarterly

$23.3M

Q2 2022+28.6%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The second half of 2022 will be a very consequential period for Harrow. Expects several milestone events during the second half, including the PDUFA target action date for AMP-100, a patented ocular surface anesthetic drug candidate, as well as several product launches of compounded formulations.

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 2022

Historical avgQ2 2022

+1.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+8.3%

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%-6.3%
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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