NASDAQ$HROW

Harrow Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Harrow Health reported its best financial quarter in the company's history, with record revenues, gross margins, and adjusted EBITDA.

Harrow Health reported record revenues, gross margins, and adjusted EBITDA in Q3 2020. The CEO expressed optimism about the revenue trend transitioning from V-shaped to checkmark-shaped into 2021.

  • Third quarter of 2020 was the best financial quarter in the history of the Company.
  • Revenues in July were better than June, and each subsequent month continued to improve.
  • Company achieved record revenues, gross margins and adjusted EBITDA.
  • Other Harrow businesses continued to hit new and major milestones.

Headline financials

Total Revenue

$14.4M

Previous: $12.8M+12.9%
EPS (adj)

$0.32

Previous: -$0.26+223.1%
Capital Expenditures

-$780K

Previous: -$589K-32.4%
Free Cash Flow

$7.86M

Previous: -$12.1M+165.2%
Net Income

$8.64M

Previous: -$11.5M+175.3%
Operating Income

$1.6M

Previous: -$4.4M+136.3%
Gross Profit

$10.7M

Previous: $8.69M+23.1%
Cash & Equivalents

$5.73M

Previous: $3.63M+57.7%
Total Assets

$59.5M

Previous: $54.7M+8.7%
Stock-Based Comp

$917K

Previous: $328K+179.6%

Revenue & EPS history

Harrow · Revenue · Quarterly

$14.4M

Q3 2020+12.9%vs Q3 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The company is hopeful that its revenue trend, which currently looks V-shaped, will quickly transition into a checkmark-shaped trend line into 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 Q3 2020

Historical avgQ3 2020

+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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