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Sep 30, 2024

Harrow Q3 2024 Earnings Report

Announced third quarter 2024 financial results, demonstrating year-over-year revenue growth.

Key Takeaways

Harrow reported a 44% year-over-year revenue growth in Q3 2024. The company expects a record-breaking finish to a transformative year, with strong performance in the fourth quarter.

Achieved 44% year-over-year revenue growth.

Experienced a modest sequential revenue increase despite seasonality.

Expected revenue overperformance in the second half of 2024 remains intact.

Seeing strong performance thus far in the fourth quarter.

Total Revenue
$49.3M
Previous year: $34.3M
+43.8%
EPS
-$0.05
Previous year: -$0.09
-44.4%
Gross Profit
$37.2M
Previous year: $24.2M
+53.9%
Cash and Equivalents
$72.6M
Previous year: $65.6M
+10.7%
Free Cash Flow
$2.35M
Previous year: -$1.73M
-235.8%
Total Assets
$352M
Previous year: $286M
+22.9%

Harrow

Harrow

Forward Guidance

Harrow anticipates a record-breaking finish to 2024, traditionally its strongest quarter.