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Stock impact report

Harvard Bioscience Announces Second Quarter 2024 Financial Results

Harvard Bioscience, Inc. (HBIO) 
Last harvard bioscience, inc. earnings: 2/26 07:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.harvardbioscience.com
Company Research Source: GlobeNewswire
HOLLISTON, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Harvard Bioscience, Inc. (Nasdaq: HBIO) (the “Company”) today announced financial results for the second quarter ended June 30, 2024. Jim Green, Chairman and CEO, said, “Second quarter revenues reflect a more challenging than expected market environment. With the uncertainty of the timing for market recovery we stayed focused on managing costs and the actions we implemented during Q2 are expected to drive annualized savings of approximately $4 million while we continue our work on new product development and growth initiatives.” Green continued, “We believe the market recovery is likely delayed to later in the second half however we remain excited about the long-term growth prospects from our innovative new products.”                Financial Results Summary Three Months Ended June 30, Six Months Ended June 30, (unaudited, $ in millions except per share data)  2024 2023   2024 2023   Revenues $23.1   Show less Read more
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