← HARROW, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent ($19.1m) ($12.0m) $14.6m $168k ($3.4m) ($18.0m) ($14.1m) ($24.4m) ($17.5m) ($5.1m)
Net Income (Loss) Available to Common Stockholders, Basic ($19.1m) ($12.0m) $14.6m ($125k) — ($18.5m) ($14.1m) ($24.4m) ($17.5m) ($5.1m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — ($125k) ($3.4m) ($18.0m) — — — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — $293k ($62k) — — — — —
Depreciation and amortization $1.1m $1.4m $1.6m $1.9m $1.9m $1.7m $1.5m $1.5m $1.9m $1.9m
Depreciation, Depletion and Amortization $1.1m $1.4m — — $1.9m $1.6m $1.3m $1.1m $1.3m $1.3m
Amortization — — — $209k — $8k — — — —
Amortization of Debt Issuance Costs and Discounts — — $613k $512k $457k $677k $782k $4.1m $4.2m $4.0m
Amortization of Intangible Assets $351k $364k $235k $209k $167k $161k $1.6m $10.1m $11.8m $17.0m
Deferred Income Tax Expense (Benefit) ($111k) ($935k) $4k $0 $4k $11k $75k — $374k $93k
Share-based Payment Arrangement, Noncash Expense $3.7m $2.9m $2.5m $1.8m $2.8m $5.7m $8.0m $15.7m $17.6m $12.5m
Share-based Payment Arrangement, Expense $3.8m $2.9m $2.6m $2.0m $2.9m $5.7m $8.0m $15.7m $17.6m $12.5m
Goodwill and Intangible Asset Impairment — — — — — $0 $0 $0 — —
Goodwill, Impairment Loss ($239k) — — $1.9m — — — — — —
Impairment of Intangible Assets, Finite-lived $303k — — — — — — $380k $253k —
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) — — — — — — — $380k $253k $0
Gain (Loss) on Disposition of Assets — ($354k) ($393k) ($4.1m) ($105k) — $99k $168k — —
Gain (Loss) on Disposition of Intangible Assets — — — — — — $686k — ($253k) —
Gain (Loss) on Disposition of Property Plant Equipment ($6.9m) ($772k) ($1.8m) ($1.5m) ($862k) ($1.8m) ($2.6m) ($1.5m) ($1.6m) ($13k)
Gain (Loss) on Extinguishment of Debt $2.0m ($884k) — — — — — $5.5m — ($7.8m)
Gain (Loss) on Disposition of Assets for Financial Service Operations — ($354k) — — — — $5.3m — — —
Income Tax Expense (Benefit) $111k ($935k) $4k $17k $4k $133k $75k $701k $161k $3.8m
Interest Expense Nonoperating — — — — — — — — $22.8m $24.2m
Operating Lease, Expense — — — $892k $1.1m $912k $1.1m $1.2m — —
Other Nonoperating Income (Expense) — — $103k $630k ($73k) $197k $102k ($444k) ($185k) $47k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.1m ($1.4m) $384k $95k $866k $1.8m $1.9m $30.3m $80.2m ($5.0m)
Increase (Decrease) in Inventories $429k $821k ($415k) $2.3m $661k $255k $2.3m $4.3m ($165k) $2.8m
Proceeds from Stock Options Exercised — — — — — $65k $642k $379k $1.1m $467k
Asset Acquisition Contingent Consideration Liability — — — — — — — — — $4.4m
Deconsolidation, Gain (Loss), Amount — $5.7m — — — — — — — —
Gain (Loss) on Investments — — — — — — ($2.9m) $3.1m ($3.2m) —
Gain (Loss) Related to Litigation Settlement $551k — — — — — — — — —
General and Administrative Expense $17.6m $18.0m — — — — — — — —
Goodwill $2.2m $2.2m $2.2m $332k $332k $332k $332k $332k $332k $332k
Nonoperating Income (Expense) ($3.2m) ($757k) $19.8m $4.7m ($3.8m) ($19.5m) ($15.9m) ($24.1m) ($26.1m) ($31.9m)
Operating Costs and Expenses $26.0m $25.4m — — — — — — — —
Operating Expenses — — $30.1m $39.2m $34.0m $52.6m $61.3m $90.1m $141.5m $173.9m
Payments of Financing Costs $195k $206k $53k — — — — — — —
Net Cash Provided by (Used in) Operating Activities ($11.2m) ($8.8m) $687k $950k ($1.1m) $5.1m $1.7m $3.8m ($22.2m) $43.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($6.9m) $772k $1.8m $1.5m $862k $1.8m $2.6m $1.5m $1.6m $887k
Net Cash Provided by (Used in) Investing Activities ($7.3m) ($961k) ($2.2m) ($1.8m) ($981k) ($18.7m) ($1.7m) ($152.6m) ($33.2m) ($5.5m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $212k $1.1m $642k — — $65k $22.7m $379k $1.1m $467k
Net Cash Provided by (Used in) Financing Activities $24.7m $4.9m $4.1m ($1.0m) $1.4m $51.5m $54.1m $126.5m $28.5m ($12.7m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $2.7m $8.9m $2.6m ($1.9m) ($648k) $37.9m $54.1m ($22.2m) ($26.8m) $25.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $6.8m $4.9m $4.3m $42.2m $96.3m — — —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $1.5m $2.1m $2.0m $1.8m $4.8m $6.5m $18.9m $20.6m $18.7m
Income Taxes Paid, Net $9k $9k $4k $17k $4k $11k $75k — $374k $93k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.