NASDAQ$HROW

Harrow Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Harrow experienced growth and launched key products, setting the stage for future expansion.

Harrow announced its fourth quarter and year-end 2023 financial results, highlighting the company's transformation and growth in the ophthalmic pharmaceuticals market. The company launched products and began generating cash from IHEEZO, VEVYE, and TRIESENCE.

  • Harrow transformed from a company focused on compounded business to a leader in ophthalmic pharmaceuticals.
  • The company launched products and began generating cash from its Big Three products: IHEEZO, VEVYE, and TRIESENCE.
  • Harrow attracted experienced talent, setting the stage for growth in 2024.
  • The company expects significant growth from IHEEZO and continued success with VEVYE.

Headline financials

Total Revenue

$36.4M

Previous: $20.3M+78.8%
EPS (adj)

-$0.20

Previous: $0.07-385.7%
Capital Expenditures

-$203K

Previous: $878K-123.1%
Net Income

-$9.15M

Previous: $1.06M-967.1%
Operating Income

-$4.5M

Previous: -$1.78M-152.8%
Gross Profit

$25.1M

Previous: $14.2M+76.9%
R&D Expense

$3.34M

No prior period
Stock-Based Comp

$4.18M

Previous: $2.03M+105.4%

Revenue & EPS history

Harrow · Revenue · Quarterly

$36.4M

Q4 2023+78.8%vs Q4 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

Harrow anticipates continued growth and success, driven by its product portfolio and strategic initiatives.

Tailwinds

  • Significant growth expected from IHEEZO.
  • Continued success with VEVYE launch.
  • Potential return of TRIESENCE to inventory this year.
  • Company has the products, resources, and people to take advantage of opportunities.
  • 2024 is shaping up to be another exciting year of growth.

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 2023

Historical avgQ4 2023

+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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