NASDAQ$HROW

Harrow Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Harrow's revenue surged, driven by exceptional performance across all business segments, notably IHEEZO and VEVYE.

Harrow announced strong second quarter results, with revenues increasing by 46% compared to the same quarter last year and 42% over the previous quarter. The growth was driven by exceptional performance across all business segments.

  • Revenues surged 46% compared to the same quarter last year.
  • Revenues increased 42% over the previous quarter.
  • Growth was driven by exceptional performance across all Harrow business segments, most notably IHEEZO and VEVYE.
  • The company continues to advance the relaunch of TRIESENCE® during 2024.

Headline financials

Total Revenue

$48.9M

Previous: $33.5M+46.2%
EPS

-$0.18

Previous: -$0.02-800.0%
Gross Margin

74.0%

No prior period
Adjusted EBITDA

$8.8M

No prior period
Capital Expenditures

-$436K

Previous: -$746K+41.6%
Free Cash Flow

-$6.91M

Previous: -$4.98M-38.9%
Net Income

-$6.47M

Previous: -$4.23M-53.1%
Operating Income

$1.53M

Previous: $2.35M-34.9%
Gross Profit

$36.4M

Previous: $23.5M+55.1%
Cash & Equivalents

$71M

Previous: $22.8M+211.9%
Total Assets

$307M

Previous: $224M+36.9%
R&D Expense

$3.05M

No prior period
Stock-Based Comp

$4.27M

Previous: $5.41M-21.1%

Revenue & EPS history

Harrow · Revenue · Quarterly

$48.9M

Q2 2024+46.2%vs Q2 2023
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Harrow expects to achieve further revenue and profitability expansion in the coming quarters and years.

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 2024

Historical avgQ2 2024

+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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