Harrow Stock Soars 84% on Record Q4 Revenue

Harrow's stock price surged to $10.76 in pre-market trading on March 28, 2025, reflecting a strong start to the day's trading session.

Harrow reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) of $0.25, surpassing the Zacks Consensus Estimate of $0.11. This marks a significant turnaround from the previous year's loss of $0.27 per share. The company's revenue for the quarter reached a record $66.8 million, an 84% increase from the same period in 2023. This robust performance was driven by strong demand for their products and services, as well as successful execution of their strategic initiatives.

Harrow's annual revenue for 2024 also showed remarkable growth, reaching $199.6 million, a 53% increase from the previous year. This growth was attributed to the company's continued focus on innovation and expansion into new markets. The company's net income for the fourth quarter was $6.8 million, or 24 cents per share, further highlighting their financial strength and operational efficiency.

Harrow's non-GAAP earnings per share for the fourth quarter reached $0.40, exceeding estimates by $0.27. This performance was supported by a strong gross margin of 79% and a core gross margin of 84%. The company's ability to maintain high margins while achieving significant revenue growth demonstrates their competitive advantage and operational excellence.