NASDAQ$HROW

Harrow Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported sixth consecutive quarter of record revenues and improved gross margin.

Harrow Health reported record revenues for the fourth quarter of 2021, marking the sixth consecutive quarter of record performance. The company also achieved a gross margin of 75% during the quarter.

  • Reported sixth consecutive quarter of record revenues.
  • Gross margin improved to 75% for the fourth quarter.
  • Filed first New Drug Application (NDA) with the U.S. Food and Drug Administration (FDA).
  • Began to realize high-margin revenues from recently acquired FDA-approved branded products.

Headline financials

Total Revenue

$20.2M

Previous: $14.6M+38.3%
EPS (adj)

-$0.27

Previous: $0.04-775.0%
Capital Expenditures

$137K

Previous: $82K+67.1%
Free Cash Flow

-$1.63M

Previous: -$648K-151.1%
Net Income

-$7.42M

Previous: $1.15M-745.6%
Operating Income

-$1.76M

Previous: $2.6M-167.5%
Gross Profit

$15.1M

Previous: $10.7M+41.8%
Cash & Equivalents

$42.2M

Previous: $4.1M+928.2%
Total Assets

$98.3M

Previous: $57.5M+71.1%
Stock-Based Comp

$2.12M

Previous: $780K+171.2%

Revenue & EPS history

Harrow · Revenue · Quarterly

$20.2M

Q4 2021+38.3%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

2022 is shaping up to be a ‘break-out’ year for Harrow Health. In the second quarter of 2022, the company is expecting top-line readouts on clinical studies from two of their non-controlling equity positions, followed in mid-October by a determination by the FDA on their NDA for AMP-100.

Tailwinds

  • Expecting top-line readouts on clinical studies from two of our non-controlling equity positions in the second quarter of 2022.
  • FDA determination expected in mid-October on NDA for AMP-100.
  • Potential commercial launch a few months after FDA approval.
  • Focus on growing core ophthalmic pharmaceuticals business.
  • Launching new ophthalmic products internally developed.

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 Q4 2021

Historical avgQ4 2021

+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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