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Mar 31, 2024

Harrow Q1 2024 Earnings Report

Announced first quarter 2024 financial results.

Key Takeaways

Harrow reported first quarter results, highlighting progress in key operational initiatives including building a dry eye disease franchise, expanding the retina franchise, and stabilizing ImprimisRx and Anterior Segment Products.

Focused on building a formidable dry eye disease franchise, including successfully launching VEVYE®.

Continued building a retina franchise with IHEEZO® and TRIESENCE®.

Stabilized ImprimisRx and Anterior Segment Products and returning them to a growth trajectory.

Well positioned to meet 2024 revenue guidance of more than $180 million.

Total Revenue
$34.6M
Previous year: $26.1M
+32.5%
EPS
-$0.28
Previous year: -$0.03
+833.3%
Gross Profit
$24M
Previous year: $17.8M
+34.8%
Cash and Equivalents
$76M
Previous year: $19.2M
+294.7%
Free Cash Flow
-$4.72M
Previous year: -$8.71M
-45.8%
Total Assets
$295M
Previous year: $217M
+35.7%

Harrow

Harrow

Forward Guidance

Harrow is well positioned to meet its 2024 revenue guidance of more than $180 million.