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HARVARD BIOSCIENCE INC (HBIO)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K/A10-K10-K10-K10-K
Revenues:  
    Service, Maintenance, and Warranty Contracts  5.24.84.6 5.7   
    Other  108.2114.197.5 115.1   
Total revenues  113.3118.9102.1116.2120.877.4104.5108.7
            Revenue growth   [+]-4.7%16.5%-12.1%-3.8%56.0%-25.9%-3.8%0.0%
Cost of goods sold  52.551.344.151.957.638.256.159.9
Gross profit  60.867.758.064.363.239.248.448.7
            Gross margin  53.7%56.9%56.8%55.4%52.3%50.6%46.3%44.8%
Selling, general and administrative   [+]49.548.943.446.045.832.641.440.4
Research and development  12.310.88.710.711.05.65.46.4
Other operating expenses  -13.94.1   1.62.72.8
EBITDA   [+]14.35.67.99.68.83.13.13.6
            EBITDA margin  12.6%4.7%7.7%8.2%7.3%4.0%3.0%3.3%
Depreciation  1.51.81.92.02.41.31.51.7
EBITA  12.83.85.97.66.41.81.61.9
            EBITA margin  11.3%3.2%5.8%6.5%5.3%2.3%1.5%1.7%
Amortization of intangibles  6.15.85.75.75.42.42.72.8
EBIT   [+]6.7-2.10.21.81.0-0.6-1.1-0.9
            EBIT margin  5.9%-1.7%0.2%1.6%0.8%-0.8%-1.1%-0.9%
Non-recurring items   [+]-0.2  1.5  1.90.8
Interest expense  2.51.54.85.45.40.70.60.8
Other income (expense), net   [+]-13.63.5-2.7-0.5-3.6-1.30.6-1.0
Pre-tax income  -9.2-0.1-7.3-5.5-8.0-2.6-3.1-3.6
Income taxes  0.30.10.5-0.8-3.7-0.61.215.4
            Tax rate     14.8%46.1%23.1%  
Earnings from continuing ops  -9.5-0.3-7.8-4.7-4.3-2.0-4.3-19.0
Earnings from discontinued ops      1.41.2  
Net income  -9.5-0.3-7.8-4.7-2.9-0.9-4.3-19.0
            Net margin  -8.4%-0.2%-7.6%-4.0%-2.4%-1.1%-4.1%-17.5%
   
Basic EPS   [+]($0.23)($0.01)($0.20)($0.12)($0.12)($0.06)($0.13)($0.57)
Diluted EPS   [+]($0.23)($0.01)($0.20)($0.12)($0.12)($0.06)($0.13)($0.57)
   
Shares outstanding (basic)   [+]41.440.338.637.836.534.834.233.6
Shares outstanding (diluted)   [+]41.440.338.637.836.534.834.233.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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