NASDAQ$HROW

Harrow Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Announced second quarter 2023 financial results, highlighting progress in positioning Harrow as a top-tier U.S.-focused ophthalmic pharmaceutical company and improved product portfolio.

Harrow announced its second quarter 2023 financial results, showcasing an improved product portfolio and progress toward achieving financial goals. The company's CEO highlighted the significant improvements in the balance sheet and the comprehensive ophthalmic pharmaceutical offerings in the U.S. market.

  • Harrow made progress positioning itself as a top-tier U.S.-focused ophthalmic pharmaceutical company.
  • The company improved its balance sheet through a series of transactions since January 2023.
  • Harrow dramatically improved its product portfolio, now one of the most comprehensive in the U.S.
  • The company believes it is on its way to achieving the highest financial goals for its stockholders.

Headline financials

Total Revenue

$33.5M

Previous: $23.3M+43.5%
EPS (adj)

-$0.02

Previous: $0.01-300.0%
Capital Expenditures

-$746K

Previous: -$664K-12.3%
Free Cash Flow

-$4.98M

Previous: -$6.9M+27.9%
Net Income

-$4.23M

Previous: -$6.24M+32.2%
Operating Income

$2.35M

Previous: $1.69M+39.2%
Gross Profit

$23.5M

Previous: $16.8M+39.8%
Cash & Equivalents

$22.8M

Previous: $46.4M-51.0%
Total Assets

$224M

Previous: $98.1M+128.4%
Stock-Based Comp

$5.41M

Previous: $1.99M+171.6%

Revenue & EPS history

Harrow · Revenue · Quarterly

$33.5M

Q2 2023+43.5%vs Q2 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

No specific forward guidance was found in the provided document.

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 2023

Historical avgQ2 2023

+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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