Hrow.O

Harrow Inc. maintains a capital structure characterized by high leverage, with long-term debt of $250.0 million against total equity of $52.4 million, resulting in a debt-to-equity ratio of 4.77. The company holds $72.9 million in cash and equivalents, leading to a negative net cash position after subtracting total debt. Liquidity is assessed as medium risk, supported by a current ratio that is not explicitly provided but implied by the balance sheet composition. The market capitalization stands at $1.46 billion, reflecting a price-to-book ratio of 28.01 and an EV/Revenue multiple of 6.09.

Profitability metrics indicate operational challenges, with a net income of -$5.1 million and an operating income of $30.5 million on revenues of $272.3 million. The return on equity is -28.53%, and the return on assets is -3.75%, signaling negative returns on invested capital. Gross profit is $204.4 million, suggesting a gross margin of approximately 75%, which is typical for pharmaceutical companies, but operating expenses erode this advantage. Without cohort median data, direct comparison to industry peers is omitted, but the negative net income contrasts with the positive operating cash flow of $43.9 million.

Revenue concentration by segment or geography is not disclosed in the available data. The company’s total revenue of $272.3 million is attributed to its overall operations without further breakdown.

Growth trajectory analysis is limited due to the absence of historical period data. The current revenue figure of $272.3 million serves as the baseline for future projections.

Risk factors include medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, highlighting leverage concerns. The high debt-to-equity ratio of 4.77 further underscores financial leverage risks.

Recent events include analyst estimates with a mean price target of $65.57 and a median price target of $60.00, indicating positive market sentiment. The mean recommendation is 1.62, with 3 strong buys and 5 buys, and no holds. News observations indicate reconciler enqueue events for analysis jobs, but no specific corporate actions or news events are detailed.

Revenue $44.2M, −7,6% YoY; Operating income −96,6% YoY.

• ▍Revenue $44.2M, −7,6% YoY
• ▍Operating income −96,6% YoY
• ▍Net income −55,2% YoY
• ▍Free cash flow −203,3% YoY
• ▍Net margin -62.4%

Revenue $89.1M, +33,3% YoY; Operating income +20,9% YoY.

• ▍Revenue $89.1M, +33,3% YoY
• ▍Operating income +20,9% YoY
• ▍Net income −2,2% YoY
• ▍Free cash flow +142,0% YoY
• ▍Net margin 7.4%

Revenue $71.6M, +45,4% YoY; Operating income +429,7% YoY.

• ▍Revenue $71.6M, +45,4% YoY
• ▍Operating income +429,7% YoY
• ▍Net income +124,2% YoY
• ▍Free cash flow +411,4% YoY
• ▍Net margin 1.4%

Revenue $63.7M, +30,2% YoY; Operating income +645,7% YoY.

• ▍Revenue $63.7M, +30,2% YoY
• ▍Operating income +645,7% YoY
• ▍Net income +177,2% YoY
• ▍Free cash flow +350,4% YoY
• ▍Net margin 7.8%

Revenue $47.8M; Operating income -$11.2M.

• ▍Revenue $47.8M
• ▍Operating income -$11.2M
• ▍Net margin -37.2%

Revenue $66.8M; Operating income $12.9M.

• ▍Revenue $66.8M
• ▍Operating income $12.9M
• ▍Net margin 10.1%

Revenue $49.3M; Operating income $1.3M.

• ▍Revenue $49.3M
• ▍Operating income $1.3M
• ▍Net margin -8.6%

Revenue $48.9M; Operating income $1.5M.

• ▍Revenue $48.9M
• ▍Operating income $1.5M
• ▍Net margin -13.2%

Revenue $272.3M, +36,4% YoY; Operating income +158,1% YoY.

• ▍Revenue $272.3M, +36,4% YoY
• ▍Operating income +158,1% YoY
• ▍Net income +70,6% YoY
• ▍Free cash flow +129,8% YoY
• ▍Net margin -1.9%

Revenue $199.6M, +53,3% YoY; Operating income +275,2% YoY.

• ▍Revenue $199.6M, +53,3% YoY
• ▍Operating income +275,2% YoY
• ▍Net income +28,4% YoY
• ▍Free cash flow +74,3% YoY
• ▍Net margin -8.8%

Revenue $130.2M, +47,0% YoY; Operating income −362,3% YoY.

• ▍Revenue $130.2M, +47,0% YoY
• ▍Operating income −362,3% YoY
• ▍Net income −73,3% YoY
• ▍Free cash flow −1 113,2% YoY
• ▍Net margin -18.7%

Revenue $88.6M, +22,2% YoY; Operating income −28,3% YoY.

• ▍Revenue $88.6M, +22,2% YoY
• ▍Operating income −28,3% YoY
• ▍Net income +21,8% YoY
• ▍Free cash flow +26,4% YoY
• ▍Net margin -15.9%