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Harvard Bioscience, Inc. (Nasdaq: HBIO) announced its first quarter 2024 financial results, reporting revenues of $24.5 million, a gross margin of 60.3%, and adjusted EBITDA of $1.6 million. Despite challenges in certain markets, the company remains focused on efficiency and growth, with a cost reduction initiative in place. The net loss for the quarter was $(4.7) million, with a decrease in revenues compared to the prior year. The company expects flat revenues for 2024, with second-half growth and a gross margin of 60%. Harvard Bioscience will be hosting a conference call to discuss the results.
Harvard Bioscience, Inc. (Nasdaq: HBIO) will release its first quarter 2024 financial results on May 7, 2024. The company will hold a conference call at 8:00 AM ET to discuss the results. Participants can register to join the call and ask questions. Financial information will be accessible on the Investor Relations section of Harvard Bioscience's website.
