earnings
confidence high
sentiment negative
materiality 0.75
Harvard Bioscience Q2 revenue $23.1M (-20% YoY); GAAP net loss $2.9M
HARVARD BIOSCIENCE INC
2024-Q2 EPS reported
-$0.18
revenue$47,609,000
- Q2 revenue $23.1M, down 20% from $28.8M; gross margin 57.2% vs 58.0%.
- GAAP operating loss $2.1M vs income $0.8M; diluted GAAP EPS -$0.07 vs -$0.02.
- Adjusted EBITDA $1.3M (5.5% margin) vs $3.9M (13.6%); adjusted EPS $0.00.
- Q2 cash from operations $0.6M vs $5.4M; cost actions expected to save $4M annually.
- CEO cites challenging market with recovery delayed to later in second half.