earnings
confidence high
sentiment neutral
materiality 0.70
Harvard Bioscience prelim FY2023 revenue ~$112.3M; includes $5.1M discontinued product headwind
HARVARD BIOSCIENCE INC
2023-FY EPS reported
-$0.08
revenue$112,250,000
- Preliminary unaudited FY2023 revenue estimate of ~$112.3M, down from $113.3M in FY2022, with $5.1M net headwind from discontinued products.
- Adjusted EBITDA for YTD Q3 2023 was $10.9M (13% of revenue), up 53% vs prior year; FY2022 adjusted EBITDA margin was 9.6%.
- Company cites Covid portfolio optimization and supply chain challenges as revenue headwinds.
- Guidance from Q3 2023 earnings (Nov 7, 2023) was for FY23 revenue down 11-14%; this presentation does not reaffirm guidance.