Filing Flows › Harrow (HROW) › Q4 2024
Harrow (HROW) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Harrow (HROW) reported revenue of $66.8M for the fourth quarter 2024 (Q4 2024), +84% from a year earlier and +36% from the quarter before. Operating margin was 19.3%, net earnings $6.8M (10.1% of revenue).
Harrow, Q4 2024: revenue $66.8M (+84% year over year), operating margin 19.3%, net earnings $6.8M, operating cash flow −$17.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.8M | +36% | +84% |
| Gross profit | $52.7M | +42% | +110% |
| Operating profit | $12.9M | +876% | — |
| Net earnings | $6.8M | — | — |
| Operating cash flow | −$17.8M | — | — |
What changed
Revenue was $66.8M in Q4 2024, up 84% year over year and up 36% from the previous quarter. Product Sales Net was the largest line at 99% of revenue.
Gross margin was 78.8%, up 9.9 points from a year earlier. Operating profit was $12.9M, a 19.3% margin (up 32.7 points year over year). Operating expenses grew 33% against revenue growth of 84%. The fastest-growing cost line was Research & development (+43%). Net earnings were $6.8M. The effective tax rate was -8.2%.
Operating cash flow was −$17.8M. Non-cash charges added back $321K of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $29.7M. Capital expenditures of $555K exceeded it, leaving free cash flow of −$18.3M.
Questions
What was Harrow's revenue in the fourth quarter 2024?
Harrow (HROW) reported revenue of $66.8M for the fourth quarter 2024 (Q4 2024), +84% from a year earlier and +36% from the quarter before.
Was Harrow profitable in the fourth quarter 2024?
Operating profit was $12.9M (19.3% of revenue) and net earnings $6.8M.
Source: Harrow 10-K on SEC EDGAR.