NASDAQ$HROW

Harrow Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 financial results, highlighting FDA approval for IHEEZO and the launch of Fortisite and atropine.com.

Harrow announced its Q3 2022 results, marking an inflection point with FDA approval for IHEEZO, launch of Fortisite, and the sale of its non-ophthalmology compounded product line, focusing the company entirely on the U.S. ophthalmic pharmaceutical market.

  • Received FDA approval for IHEEZO for ocular surface anesthesia.
  • Launched Fortisite, a new suite of compounded products.
  • Sold non-ophthalmology compounded product line to focus on the U.S. ophthalmic pharmaceutical market.
  • Launched atropine.com to market compounded atropine formulations.

Headline financials

Total Revenue

$22.8M

Previous: $18.7M+22.0%
EPS (adj)

-$0.06

Previous: -$0.31+80.6%
Capital Expenditures

-$1.72M

Previous: -$1.65M-4.2%
Free Cash Flow

-$8.18M

Previous: -$9.98M+18.0%
Net Income

-$6.46M

Previous: -$8.33M+22.4%
Operating Income

-$94K

Previous: -$3.72M+97.5%
Gross Profit

$16.1M

Previous: $13.8M+17.0%
Cash & Equivalents

$45M

Previous: $57.7M-22.0%
Total Assets

$99M

Previous: $103M-3.7%
Stock-Based Comp

$1.93M

Previous: $1.7M+13.8%

Revenue & EPS history

Harrow · Revenue · Quarterly

$22.8M

Q3 2022+22%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the press release.

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 2022

Historical avgQ3 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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