Harvard Apparatus Regenerative Technology, Inc. Income Statement
HRGN|12 years of annual SEC 10-K data (FY2013-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 12 fiscal years. All figures from audited SEC 10-K filings.
Harvard Apparatus Regenerative Technology, Inc. reported $704,000 in revenue and $7M in net loss for FY2025. Revenue has grown at a 33.5% compound annual rate over the past 12 years.
Based on SEC 10-K filings.
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -41.12 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $704.0K | $430.0K | $103.0K | $0 | $0 | $0 | $0 | $0 | $82.0K | $118.0K | $93.0K | $22.0K |
| Cost of Revenue | $646.0K | $270.0K | $24.0K | - | - | - | - | $0 | $116.0K | $139.0K | $48.0K | $11.0K |
| Gross Profit | - | - | - | - | - | - | - | $0 | -$34.0K | -$21.0K | $45.0K | $11.0K |
| SG&A Expense | $4.3M | $5.0M | $5.7M | $7.0M | $3.3M | $4.0M | $3.9M | $3.9M | $4.5M | $6.9M | $5.7M | $4.0M |
| R&D Expense | $2.7M | $2.3M | $3.1M | $1.6M | $2.1M | $4.9M | $3.9M | $7.6M | $7.6M | $4.8M | $5.1M | $4.6M |
| Operating Income | -$6.9M | -$7.7M | -$9.0M | -$8.6M | -$5.3M | -$8.9M | -$7.8M | -$11.5M | -$12.1M | -$11.7M | -$11.1M | -$8.8M |
| Interest Expense | - | - | $14.0K | - | - | - | - | - | - | - | - | - |
| Income Tax | $0 | $0 | - | - | - | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$6.9M | -$7.7M | -$8.9M | -$8.0M | -$4.9M | -$8.3M | -$7.5M | -$11.9M | -$11.6M | -$11.7M | -$11.1M | -$8.8M |
| EPS (Basic) | -$0.52 | -$0.67 | -$0.55 | -$0.55 | - | - | - | - | - | - | - | - |
| EPS (Diluted) | - | - | -$0.55 | -$0.55 | -$1.21 | -$1.69 | -$6.63 | -$14.49 | -$1.05 | -$1.41 | -$1.14 | -$0.87 |
| Shares Outstanding | 15.9M | 13.9M | 12.2M | 9.4M | 8.2M | 5.7M | 2.5M | 855.4K | 14.1M | 7.9M | 7.7M | 0 |
| Gross Margin | - | - | - | - | - | - | - | - | -41.5% | -17.8% | 48.4% | 50.0% |
| Operating Margin | -982.2% | -1796.7% | -8728.2% | - | - | - | - | - | -14787.8% | -9916.1% | -11889.3% | -40077.3% |
| Profit Margin | -975.7% | -1798.1% | -8684.5% | - | - | - | - | - | -14120.7% | -9918.6% | -11893.6% | -40077.3% |