HRGN
Harvard Apparatus Regenerative Technology Inc.2.0050
+0.2050+11.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
34.42MP/E (TTM)
-Basic EPS (TTM)
-0.40Dividend Yield
0%Recent Filings
10-K
FY2025 results
Harvard Apparatus Regenerative Technology posted FY2025 net loss of $6.9M, improved from $7.7M in 2024, fueled by 64% product revenue growth to $704K from consumer health supplements while R&D rose 15% to $2.7M on clinical trial advances in US and China sites. Q4 momentum showed sales shift to distributor model slashing marketing costs 88%, yet cash dwindled to $1.4M amid $3.8M operating burn. No debt; $1.7M raised via equity. Year-end liquidity supports operations into Q2 2026. Patient recruitment delays threaten trial timelines.
8-K
Raises $0.7M in private placement
Harvard Apparatus Regenerative Technology raised ~$0.7 million via private placement of 411,765 common shares at $1.70 each, effective December 30, 2025, under SEC exemptions. Board expanded to eight members, adding a purchaser designee with nomination rights if holding ≥10% of shares. Deal bolsters liquidity but dilutes shareholders.
10-Q
Q3 FY2025 results
Harvard Apparatus Regenerative Technology posted Q3 product revenue of $123K from Consumer Health Products, up 108% y/y yet with gross margin squeezed as cost of sales climbed 60% to $112K. Operating loss narrowed to $1.7M from $1.9M y/y, thanks to 83% lower sales/marketing after shifting to exclusive distributor Health Regen (96% of YTD revenue) and 9% lighter G&A; net loss improved to $(0.10) per share on 17M shares. Cash burned to $1.3M, down from $2.5M year-start after $3.2M nine-month operating use partly offset by $2M stock raise. Cash lasts into Q4 2025. Going concern in doubt without new funds. Clinical trial delays persist.
10-Q
Q2 FY2025 results
Consumer Health Products revenue jumped to $317K in Q2 ended June 30, 2025, up 466% y/y from $56K yet gross margin squeezed by distributor pricing, with cost of sales at $302K. Operating loss narrowed to $1.8M from $2.5M y/y, driven by 32% lower G&A and zero sales/marketing after shifting to exclusive Health Regen distribution (98% of sales). Cash burned $1.7M YTD to $786K, no debt; $2M equity raised post-quarter. EPS reconciles at -$0.11 on 15.9M shares. Revenue hinges on one distributor.
8-K
HRGN raises $2M via placement
Harvard Apparatus Regenerative Technology closed a private placement on July 11, 2025, selling 1,250,000 common shares to investors for ~$2.0 million at $1.60 per share under Section 4(a)(2). Board expanded to eight members, adding a Purchaser designee with nomination rights if owning ≥10% of those shares. Deal bolsters cash but dilutes shareholders.
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