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Thursday, August 10, 2023

Harrow misses views

 

  • Record revenues of $33.5 million, an increase of 44% over $23.3 million in the prior-year quarter and an increase of 28% over $26.1 million in the sequential quarter.

  • GAAP net loss of ($4.2) million.

  • Record adjusted EBITDA of $11.0 million, an increase of 144% over $4.5 million in the prior‑year quarter and an increase of 108% over $5.3 million in the sequential quarter.

  • Completed public offering of common stock for aggregate gross proceeds of $69 million.

  • Expanded Oaktree Loan from $100 million to $112.50 million.

  • Acquired certain commercial rights to FLAREX®, NATACYN®, TOBRADEX® ST, VERKAZIA®, ZERVIATE®, and Non-Prescription Brands FRESHKOTE® and Cationorm® PLUS.

  • Acquired North American commercial rights to VEVYE®, a novel FDA-approved drug labeled to treat both the signs and symptoms of dry eye disease.

  • Completed transfer of New Drug Application for VIGAMOX®.

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