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Jun 30, 2024

Harrow Q2 2024 Earnings Report

Harrow's revenue surged, driven by exceptional performance across all business segments, notably IHEEZO and VEVYE.

Key Takeaways

Harrow announced strong second quarter results, with revenues increasing by 46% compared to the same quarter last year and 42% over the previous quarter. The growth was driven by exceptional performance across all business segments.

Revenues surged 46% compared to the same quarter last year.

Revenues increased 42% over the previous quarter.

Growth was driven by exceptional performance across all Harrow business segments, most notably IHEEZO and VEVYE.

The company continues to advance the relaunch of TRIESENCE® during 2024.

Total Revenue
$48.9M
Previous year: $33.5M
+46.2%
EPS
-$0.06
Previous year: -$0.02
+200.0%
Gross Profit
$36.4M
Previous year: $23.5M
+55.1%
Cash and Equivalents
$71M
Previous year: $22.8M
+211.9%
Free Cash Flow
-$3.09M
Previous year: $4.32M
-171.6%
Total Assets
$306M
Previous year: $224M
+36.7%

Harrow

Harrow

Forward Guidance

Harrow expects to achieve further revenue and profitability expansion in the coming quarters and years.