HARVARD BIOSCIENCE INC
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
HBIO$9.09+8.7%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
HARVARD BIOSCIENCE, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $94,135 | $112,250 |
| Cost of revenues | 39,369 | 46,179 |
| Gross profit | 54,766 | 66,071 |
| Sales and marketing expenses | 22,212 | 24,060 |
| General and administrative expenses | 21,493 | 22,757 |
| Research and development expenses | 10,406 | 11,764 |
| Amortization of acquired intangible assets | 5,255 | 5,525 |
| Other operating expenses - Note 2 | 1,611 | 71 |
| Total operating expenses | 60,977 | 64,177 |
| Operating (loss) income | (6,211) | 1,894 |
| Other income (expense): | ||
| Interest expense | (3,209) | (3,591) |
| Loss on equity securities - Note 12 | (1,593) | (632) |
| Other income (expense), net | (652) | (227) |
| Total other expense | (5,454) | (4,450) |
| Loss before income taxes | (11,665) | (2,556) |
| Income tax expense | 740 | 859 |
| Net loss | $(12,405) | $(3,415) |
| Loss per share: | ||
| Basic and diluted loss per share | $(0.28) | $(0.08) |
| Weighted-average common shares: | ||
| Basic and diluted | 43,538 | 42,420 |
See accompanying notes to condensed consolidated financial statements.
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