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Sep 30, 2020

Harrow Q3 2020 Earnings Report

Harrow Health reported its best financial quarter in the company's history, with record revenues, gross margins, and adjusted EBITDA.

Key Takeaways

Harrow Health reported record revenues, gross margins, and adjusted EBITDA in Q3 2020. The CEO expressed optimism about the revenue trend transitioning from V-shaped to checkmark-shaped into 2021.

Third quarter of 2020 was the best financial quarter in the history of the Company.

Revenues in July were better than June, and each subsequent month continued to improve.

Company achieved record revenues, gross margins and adjusted EBITDA.

Other Harrow businesses continued to hit new and major milestones.

Total Revenue
$14.4M
Previous year: $12.8M
+12.9%
EPS
$0.32
Previous year: -$0.26
-223.1%
Gross Profit
$10.7M
Previous year: $8.69M
+23.1%
Cash and Equivalents
$5.73M
Previous year: $3.63M
+57.7%
Free Cash Flow
$2.42M
Previous year: -$94K
-2677.7%
Total Assets
$59.5M
Previous year: $54.7M
+8.7%

Harrow

Harrow

Forward Guidance

The company is hopeful that its revenue trend, which currently looks V-shaped, will quickly transition into a checkmark-shaped trend line into 2021.