Harrow Health, Inc. (HROW) financial statements (2022 and earlier)

Company profile

Business Address 102 WOODMONT BLVD
NASHVILLE, TN 37215
State of Incorp. DE
Fiscal Year End December 31
SIC 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42,1674,1012502504,0198,8532,685
Cash and cash equivalents42,1674,1012502504,0198,8532,685
Restricted cash and investments    200200150
Receivables4,4702,6622,0091,9641,6242,921840
Inventory, net of allowances, customer advances and progress billings4,2173,9623,3011,8342,2491,8411,412
Inventory4,2173,9623,3011,8342,2491,8411,412
Prepaid expense1,165561481662590832667
Assets held-for-sale, not part of disposal group   512   
Other current assets92190105125124106119
Other undisclosed current assets8,55128,65530,62127,496   
Total current assets:60,66240,13136,76732,8438,80614,7535,873
Noncurrent Assets
Operating lease, right-of-use asset5,9356,7996,559
Property, plant and equipment3,1414,4535,3756,3756,2157,2952,657
Long-term investments and receivables    302  
Accounts and financing receivable, after allowance for credit loss    302  
Intangible assets, net (including goodwill)16,1452,2712,6695,2865,0875,1995,601
Goodwill3323323322,2272,2272,2272,466
Intangible assets, net (excluding goodwill)15,8131,9392,3373,0592,8602,9723,135
Other undisclosed noncurrent assets12,4463,8207,7154,9473,507  
Total noncurrent assets:37,66717,34322,31816,60815,11112,4948,258
TOTAL ASSETS:98,32957,47459,08549,45123,91727,24714,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,3373,9327,7026,2503,8851,6381,200
Employee-related liabilities3,0892,3152,1172,2831,2091,6381,200
Interest and dividends payable28,0342,927  (7,459)  
Other undisclosed accounts payable and accrued liabilities(24,786)(1,310)5,5853,96710,135  
Deferred revenue166657
Debt83,9062,4083,2495983,973 
Business combination, contingent consideration, liability      483
Deferred revenue and credits38841263
Customer advances and deposits299165
Contract with customer, liability119
Other undisclosed current liabilities3,3612,8952,1172,2838743,7913,563
Total current liabilities:9,72210,79912,28411,9015,7749,9055,374
Noncurrent Liabilities
Long-term debt and lease obligation77,67619,04718,58311,99914,7289,2551
Long-term debt, excluding current maturities71,65412,37812,21911,99914,0087,937 
Finance lease, liability101726
Capital lease obligations 7201,3181
Operating lease, liability6,0126,6526,338
Liabilities, other than long-term debt 8008008008001,6031,547
Accounts payable and accrued liabilities 800800800800667500
Deferred tax liabilities, net  9361,047
Other undisclosed noncurrent liabilities(6,012)    528,594
Total noncurrent liabilities:77,67619,84719,38312,79915,52810,91010,142
Total liabilities:87,39830,64631,66724,70021,30220,81515,516
Stockholders' equity
Stockholders' equity attributable to parent11,28627,18327,71124,7512,6156,432(1,385)
Common stock27262624211910
Additional paid in capital106,666104,557101,72898,93891,43083,26456,369
Accumulated deficit(95,407)(77,400)(74,043)(74,211)(88,836)(76,851)(57,764)
Stockholders' equity attributable to noncontrolling interest(355)(355)(293)    
Total stockholders' equity:10,93126,82827,41824,7512,6156,432(1,385)
TOTAL LIABILITIES AND EQUITY:98,32957,47459,08549,45123,91727,24714,131

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues72,47648,87151,16541,37226,77419,9429,716
Revenue, net26,77419,9429,716
Cost of revenue
(Cost of Goods and Services Sold)
(18,214)(14,463)(16,749)(16,521)(13,505)(9,831)(5,206)
Gross profit:54,26234,40834,41624,85113,26910,1114,510
Operating expenses(52,648)(34,023)(39,219)(30,068)(25,432)(25,993)(19,332)
Operating income (loss):1,614385(4,803)(5,217)(12,163)(15,882)(14,822)
Nonoperating income (expense)(19,488)(3,800)4,67819,842(757)(3,205)(1,077)
Investment income, nonoperating    3,507  
Interest and debt expense(1)(2)(18) (884)  
Income (loss) from continuing operations before equity method investments, income taxes:(17,875)(3,417)(143)14,625(13,804)(19,087)(15,899)
Other undisclosed income from continuing operations before income taxes1218 884  
Income (loss) from continuing operations before income taxes:(17,874)(3,415)(125)14,625(12,920)(19,087)(15,899)
Income tax expense (benefit)(133)(4)(529)(3,740)935  
Income (loss) before gain (loss) on sale of properties:(18,007)(3,419)(654)10,885(11,985)(19,087)(15,899)
Other undisclosed net income  529    
Net income (loss):(18,007)(3,419)(125)10,885(11,985)(19,087)(15,899)
Net income (loss) attributable to noncontrolling interest 62(293)    
Other undisclosed net income attributable to parent  5863,740   
Net income (loss) attributable to parent:(18,007)(3,357)16814,625(11,985)(19,087)(15,899)
Preferred stock dividends and other adjustments(472)      
Net income (loss) available to common stockholders, diluted:(18,479)(3,357)16814,625(11,985)(19,087)(15,899)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(18,007)(3,419)(125)10,885(11,985)(19,087)(15,899)
Comprehensive income (loss):(18,007)(3,419)(125)10,885(11,985)(19,087)(15,899)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 62(293)    
Comprehensive income (loss), net of tax, attributable to parent:(18,007)(3,357)(418)10,885(11,985)(19,087)(15,899)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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