HBIO

Harvard Bioscience Inc

9.68

Nov 11 • 3:59 PM ET +0.42 (4.54%)

9.82

Aftermarket • 5:07 PM ET +0.14 (1.45%)

Healthcare Medical Instruments & Supplies USA Nano NASD

Nov 10, 11:23 AMHarvard Bioscience Q3 revenue rises 8% to $22.2M as company cuts FY26 adjusted EBITDA growth outlook on lower‑margin mix

Peers: AZTA BNGO LAB QTRX CTKB BRKR SEER CRL NAUT MLAB

| Held by: VTI VXF DFSU DFAS DXUV DFAC DCOR

Scroll to Statements

Index	-
Market Cap	44.06M
Enterprise Value	83.49M
Income	-11.80M
Sales	89.41M
Book/sh	1.12
Cash/sh	1.07
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	339
IPO	Dec 07, 2000

P/E	-
Forward P/E	-
PEG	-
P/S	0.49
P/B	8.67
P/C	9.07
P/FCF	-
EV/EBITDA	17.18
EV/Sales	0.93
Quick Ratio	0.86
Current Ratio	1.76
Debt/Eq	8.67
LT Debt/Eq	8.33
Option/Short	No / Yes

EPS (ttm)	-2.62
EPS next Y	-0.03
EPS next Q	-0.00
EPS this Y	-408.33%
EPS next Y	97.05%
EPS next 5Y	-
EPS past 3/5Y	-77.14% -44.59%
Sales past 3/5Y	-8.60% -3.25%
EPS Y/Y TTM	78.52%
Sales Y/Y TTM	2.34%
EPS Q/Q	-108.14%
Sales Q/Q	7.79%
Earnings	Nov 10 BMO
EPS/Sales Surpr.	81.82% 1.82%

Insider Own	7.15%
Insider Trans	0.00%
Inst Own	41.81%
Inst Trans	2.88%
ROA	-15.40%
ROE	-123.13%
ROIC	-24.75%
Gross Margin	54.24%
Oper. Margin	-0.18%
Profit Margin	-13.20%
SMA20	12.95%
SMA50	16.73%
SMA200	47.68%
Trades

Shs Outstand	4.57M
Shs Float	4.23M
Short Float	1.57%
Short Ratio	3.09
Short Interest	0.07M
52W High	9.60 0.83%
52W Low	4.00 142.00%
Volatility	9.63% 5.28%
ATR (14)	0.48
RSI (14)	72.85
Beta	1.45
Rel Volume	4.90
Avg Volume	21.50K
Volume	105,448

Perf Week	12.43%
Perf Month	17.05%
Perf Quarter	45.13%
Perf Half Y	73.94%
Perf YTD	44.74%
Perf Year	59.34%
Perf 3Y	-75.80%
Perf 5Y	-87.49%
Perf 10Y	-62.77%
Recom	3.00
Target Price	10.25
Prev Close	9.26
Price	9.68
Change %	4.54%

Consensus

Hold

Avg. Price Target

$10.25

Implied Upside

+5.9%

Analysts6incl. previous ratings

Rating Distribution3 Buy · 3 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Today	Downgrade	SStoneX	Speculative Buy → Hold
Apr 09, 2025	Downgrade	KKeyBanc Capital Markets	Overweight → Sector Weight
Mar 10, 2023	Upgrade	TThe Benchmark Company	Speculative Buy → Buy	$3 → $4	-58.7%
Jan 07, 2021	Upgrade	TThe Benchmark Company	Speculative Buy → Buy
Dec 09, 2020	Initiated	NNorthland Capital	Outperform	$6	-38.0%
Nov 10, 2020	Initiated	KKeyBanc Capital Markets	Overweight	$6	-38.0%
Jul 08, 2019	Downgrade	JJanney	Buy → Neutral	$2	-79.3%
Jan 24, 2018	Reiterated	JJanney	Buy	$5 → $8	-17.4%
Jan 23, 2018	Reiterated	TThe Benchmark Company	Buy	$6 → $10	+3.3%
Nov 17, 2016	Initiated	SSingular Research	Buy	$5.50	-43.2%
Jul 28, 2015	Initiated	TThe Benchmark Company	Buy	$8	-17.4%

Nov-10-26 09:49AM	Harvard Bioscience Beats On The Top Line, But An EBITDA Guidance Cut Shows Growth Is Getting More Expensive (Earnings Whispers)
07:19AM	Harvard Bioscience: Q3 Earnings Snapshot (Associated Press)
07:00AM	Harvard Bioscience Announces Third Quarter 2026 Financial Results (GlobeNewswire)
Nov-04-26 02:31PM	Harvard Bioscience Must Prove Its Revenue Revival Can Coexist With Margins (Earnings Whispers)
07:30AM	Harvard Bioscience to Participate in the Canaccord Genuity MedTech, Diagnostics, and Digital Health and Services Forum (GlobeNewswire)
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Oct-27-26 07:30AM	Harvard Bioscience Schedules Third Quarter 2026 Earnings Conference Call for November 10, 2026 at 8:00 AM ET (GlobeNewswire)
Oct-06-26 04:05PM	Harvard Bioscience Announces Creation of Scientific Advisory Board (GlobeNewswire)
Aug-11-26 03:01PM	Harvard Bioscience Inc (HBIO) (Q2 2026) Earnings Call Highlights: Revenue Surges 11% and ... (GuruFocus.com)
10:09AM	Harvard Bioscience beats Q2 estimates and raises 2026 revenue guidance (InvestorsHub)
07:13AM	Harvard Bioscience: Q2 Earnings Snapshot (Associated Press)
07:00AM	Harvard Bioscience Announces Second Quarter 2026 Financial Results (GlobeNewswire)
Jul-28-26 07:30AM	Harvard Bioscience Schedules Second Quarter 2026 Earnings Conference Call for August 11, 2026 at 8:00 AM ET (GlobeNewswire)
May-20-26 07:30AM	Sidoti Events, LLC's May Micro-Cap Virtual Conference (ACCESSWIRE) +7.78%
May-12-26 03:01PM	Harvard Bioscience Inc (HBIO) Q1 2026 Earnings Call Highlights: Revenue Growth Driven by New ... (GuruFocus.com) -20.91%
07:40AM	Harvard Bioscience: Q1 Earnings Snapshot (Associated Press)
07:30AM	Loading…
07:30AM	Harvard Bioscience Announces First Quarter 2026 Financial Results (GlobeNewswire)
May-07-26 07:30AM	Harvard Bioscience to Participate in Upcoming Investor Conferences (GlobeNewswire) -6.22%
Apr-28-26 07:30AM	Harvard Bioscience Schedules First Quarter 2026 Earnings Conference Call for May 12, 2026 at 8:00 AM ET (GlobeNewswire) -5.56%
Mar-12-26 03:01PM	Harvard Bioscience Inc (HBIO) Q4 2025 Earnings Call Highlights: Strong Operational Efficiency ... (GuruFocus.com)
07:47AM	Harvard Bioscience: Q4 Earnings Snapshot (Associated Press Finance)
07:30AM	Harvard Bioscience Announces Fourth Quarter and Full-Year 2025 Financial Results (GlobeNewswire)
Mar-06-26 04:01PM	Harvard Bioscience Announces Reverse Stock Split (GlobeNewswire) -11.64%
Mar-03-26 07:30AM	Harvard Bioscience to Participate in KeyBanc's Virtual Healthcare Forum (GlobeNewswire)
Feb-26-26 07:30AM	Harvard Bioscience Schedules Fourth Quarter 2025 Earnings Conference Call for March 12, 2026 at 8:00 AM ET (GlobeNewswire)
Feb-10-26 07:30AM	Harvard Bioscience Announces Preliminary Fourth Quarter Financial Results, Positive Outlook for 2026 & Outlines Long-Term Strategic Focus Areas (GlobeNewswire) +13.37%
Feb-03-26 05:35AM	Harvard Bioscience will move Holliston MA manufacturing out of state (The Metrowest Daily News)
Jan-30-26 06:49AM	Harvard Bioscience Trims Footprint To Run Leaner, Faster, And Cheaper (Benzinga) -6.65%
Jan-29-26 04:30PM	Harvard Bioscience Announces Strategic Consolidation of Manufacturing Operations to Improve Efficiency and Support Long-Term Growth (GlobeNewswire) -6.29%
Dec-17-25 07:30AM	Harvard Bioscience Announces the Successful Completion of Debt Refinancing with Comprehensive Growth Financing Package (GlobeNewswire) +12.43%
Nov-06-25 02:05PM	Harvard Bioscience Inc (HBIO) Q3 2025 Earnings Call Highlights: Strong Margins and Strategic ... (GuruFocus.com) -7.29%
07:31AM	Loading…
07:31AM	Harvard Bioscience: Q3 Earnings Snapshot (Associated Press Finance)
07:00AM	Harvard Bioscience Announces Third Quarter 2025 Financial Results (GlobeNewswire)
Oct-30-25 08:00AM	Harvard Bioscience Schedules Third Quarter 2025 Earnings Conference Call for November 6, 2025 at 8:00 AM ET (GlobeNewswire) +41.10%
Sep-16-25 07:00AM	Harvard Bioscience Expands Distribution Agreement with Fisher Scientific to Include United States (GlobeNewswire) +10.33%
Sep-09-25 07:00AM	Harvard Bioscience Announces Appointment of Stephen DeNelsky to Board of Directors (GlobeNewswire)
Aug-12-25 03:02AM	Harvard Bioscience Inc (HBIO) Q2 2025 Earnings Call Highlights: Navigating Revenue Challenges ... (GuruFocus.com)
Aug-11-25 07:20AM	Harvard Bioscience: Q2 Earnings Snapshot (Associated Press Finance) -9.25%
07:00AM	Harvard Bioscience Announces Second Quarter 2025 Financial Results (GlobeNewswire)
Aug-08-25 09:33AM	Earnings To Watch: Harvard Bioscience Inc (HBIO) Reports Q2 2025 Result (GuruFocus.com)
Aug-04-25 04:30PM	Harvard Bioscience Schedules Second Quarter 2025 Earnings Conference Call for August 11, 2025 at 8:00 AM ET (GlobeNewswire) +10.89%
Jul-17-25 07:00AM	Harvard Bioscience Announces CEO Succession Plan & Appointment of Two New Independent Directors to Board (GlobeNewswire) +12.07%
Jun-02-25 04:57PM	Harvard Bioscience Appoints John Duke to Board of Directors (GlobeNewswire) -13.19%
May-14-25 09:14AM	Harvard Bioscience price target lowered to $3 from $4.50 at Benchmark (TipRanks) -6.66%
May-13-25 03:03AM	Harvard Bioscience Inc (HBIO) Q1 2025 Earnings Call Highlights: Navigating Challenges with ... (GuruFocus.com) +5.25%
May-12-25 11:28PM	Q1 2025 Harvard Bioscience Inc Earnings Call (Thomson Reuters StreetEvents) +11.78%
07:13AM	Harvard Bioscience: Q1 Earnings Snapshot (Associated Press Finance)
07:00AM	Harvard Bioscience Announces First Quarter 2025 Financial Results (GlobeNewswire)
May-09-25 09:52AM	Harvard Bioscience Inc (HBIO) Q1 2025 Earnings Report Preview: What To Look For (GuruFocus.com)
May-05-25 04:45PM	Harvard Bioscience Schedules First Quarter 2025 Earnings Conference Call for May 12, 2025 at 8:00 AM ET (GlobeNewswire) -5.12% -9.06%
Apr-10-25 04:45PM	Harvard Bioscience Announces CFO Transition (GlobeNewswire) -15.97%
Mar-13-25 01:18AM	Q4 2024 Harvard Bioscience Inc Earnings Call (Thomson Reuters StreetEvents) -6.55%
Mar-12-25 04:00PM	Harvard Bioscience, Inc. to Participate in Two Investor Conferences in March 2025 (GlobeNewswire) -10.10%
07:21AM	Harvard Bioscience Announces Fourth Quarter and Full-Year 2024 Financial Results (GlobeNewswire)
Feb-24-25 04:45PM	Harvard Bioscience to Showcase Latest Solutions for Preclinical and Organoid Applications at Society of Toxicology Meeting (GlobeNewswire) -6.00% -6.52%
11:00AM	Harvard Bioscience Schedules Fourth Quarter 2024 Earnings Conference Call for March 12, 2025 at 8:00 AM ET (GlobeNewswire)
Jan-21-25 09:00AM	Sidoti Events, LLC's Virtual January Micro-Cap Conference (ACCESSWIRE)
Jan-13-25 05:52PM	Harvard Bioscience, Inc. to Participate in the Sidoti Micro Cap Conference (GlobeNewswire)
Nov-08-24 02:08AM	Harvard Bioscience Inc (HBIO) Q3 2024 Earnings Call Highlights: Navigating Challenges and ... (GuruFocus.com) +7.53%
Nov-07-24 07:12AM	Harvard Bioscience: Q3 Earnings Snapshot (Associated Press Finance) -15.25%
07:00AM	Harvard Bioscience Announces Third Quarter 2024 Financial Results (GlobeNewswire)
Nov-06-24 07:50AM	Harvard Bioscience Inc (HBIO) Q3 2024 Earnings Report Preview: What To Expect (GuruFocus.com) +17.99%
Oct-29-24 05:00PM	Harvard Bioscience Schedules Third Quarter 2024 Earnings Conference Call for November 7, 2024 at 8:00 AM ET (GlobeNewswire)
Oct-09-24 05:43PM	Harvard Bioscience Inc (HBIO) Q2 2024 Earnings Call Highlights: Navigating Challenges with ... (GuruFocus.com)
Oct-03-24 08:00AM	Harvard Bioscience to Showcase Innovative Technologies at Society for Neuroscience (SfN) Annual Meeting 2024 (GlobeNewswire)
Sep-18-24 07:30AM	Harvard Bioscience to Showcase Latest Solutions for Preclinical and Organoid Applications at Safety Pharmacology Society Annual Meeting (GlobeNewswire) -5.44%
Sep-17-24 08:00AM	Sidoti Events, LLC's Virtual September Small-Cap Conference (ACCESSWIRE)
Sep-05-24 04:05PM	Harvard Bioscience, Inc. to Participate in the Sidoti Small Cap Virtual Conference (GlobeNewswire)
Aug-08-24 08:37AM	Harvard Bioscience: Q2 Earnings Snapshot (Associated Press Finance) +11.83%
08:30AM	Harvard Bioscience Announces Second Quarter 2024 Financial Results (GlobeNewswire)
Aug-02-24 08:00AM	Harvard Bioscience Schedules Second Quarter 2024 Earnings Conference Call for August 8, 2024 at 10:00 AM ET (GlobeNewswire)
Jun-06-24 04:05PM	Harvard Bioscience, Inc. to Present and Host One-on-One Meetings at the 14th Annual East Coast IDEAS Conference on June 12, 2024 (GlobeNewswire)
May-23-24 04:05PM	Harvard Bioscience, Inc. to Present at the Jefferies Global Healthcare Conference on June 5, 2024 (GlobeNewswire)
May-16-24 04:05PM	Harvard Bioscience, Inc. to Participate in the Benchmark Healthcare House Call Virtual Conference (GlobeNewswire)
May-08-24 10:14AM	Harvard Bioscience, Inc. (NASDAQ:HBIO) Q1 2024 Earnings Call Transcript (Insider Monkey)
03:03AM	Harvard Bioscience Inc (HBIO) (Q1 2024) Earnings Call Transcript Highlights: Navigating ... (GuruFocus.com)
May-07-24 11:56AM	HBIO Stock Earnings: Harvard Bioscience Meets EPS, Misses Revenue for Q1 2024 (InvestorPlace)
08:41AM	Harvard Bioscience Inc (HBIO) Q1 2024 Earnings: Challenges Persist Amidst Strategic Adjustments (GuruFocus.com)
08:15AM	Harvard Bioscience (HBIO) Q1 Earnings Match Estimates (Zacks)
07:13AM	Harvard Bioscience: Q1 Earnings Snapshot (Associated Press Finance)
07:00AM	Harvard Bioscience Announces First Quarter 2024 Financial Results (GlobeNewswire)
Apr-29-24 08:45AM	Harvard Bioscience Schedules First Quarter 2024 Earnings Conference Call for May 7, 2024 at 8:00 AM ET (GlobeNewswire)
Apr-09-24 09:00AM	Harvard Bioscience Announces Action to Improve Operational Efficiency and Support Ongoing Investments in Growth (GlobeNewswire) +7.42%
Mar-12-24 10:30AM	Sidoti Events, LLC's Virtual March Small-Cap Conference (ACCESSWIRE)
Mar-11-24 08:00AM	Harvard Bioscience, Inc. to Participate in March 2024 Investor Conferences: Sidoti's Small Cap Conference and KeyBanc's Life Sciences & MedTech Conference (GlobeNewswire)
Mar-08-24 10:48AM	Harvard Bioscience, Inc. (NASDAQ:HBIO) Q4 2023 Earnings Call Transcript (Insider Monkey)
Mar-07-24 10:51PM	Q4 2023 Harvard Bioscience Inc Earnings Call (Thomson Reuters StreetEvents) +9.73%
01:56PM	Harvard Bioscience Inc (HBIO) Reports Mixed Fourth Quarter and Full Year 2023 Results (GuruFocus.com)
12:53PM	HBIO Stock Earnings: Harvard Bioscience Misses EPS, Misses Revenue for Q4 2023 (InvestorPlace)
07:32AM	Harvard Bioscience: Q4 Earnings Snapshot (Associated Press Finance)
07:00AM	Harvard Bioscience Announces Fourth Quarter 2023 Financial Results (GlobeNewswire)
Mar-06-24 08:30AM	Harvard Bioscience to Showcase Latest Solutions for Preclinical and Organoid Applications at Society of Toxicology Meeting (GlobeNewswire)
Feb-27-24 05:10PM	Harvard Bioscience Schedules Fourth Quarter 2023 Earnings Conference Call for March 7, 2024 at 8:00 AM ET (GlobeNewswire)
Nov-20-23 04:40PM	Harvard Bioscience to Present at Benchmark Company's Discovery One-On-One Investor Conference on December 7, 2023 (GlobeNewswire)
Nov-09-23 04:30PM	Harvard Bioscience to Present at Southwest IDEAS Investor Conference on November 16, 2023 (GlobeNewswire)
02:28PM	Harvard Bioscience, Inc. (NASDAQ:HBIO) Q3 2023 Earnings Call Transcript (Insider Monkey)
Nov-07-23 09:58PM	Q3 2023 Harvard Bioscience Inc Earnings Call (Thomson Reuters StreetEvents)
08:00AM	Harvard Bioscience Inc (HBIO) Reports Q3 2023 Earnings: Gross Margin Expands Amid Revenue Decline (GuruFocus.com)
07:28AM	Harvard Bioscience: Q3 Earnings Snapshot (Associated Press Finance)
07:00AM	Harvard Bioscience Announces Third Quarter 2023 Financial Results (GlobeNewswire)
Nov-06-23 04:30PM	Harvard Bioscience to Showcase Latest Innovations in Preclinical and Organoid Research at Society for Neuroscience Conference on November 12-15, 2023 (GlobeNewswire)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Frost Mark T	Chief Financial Officer	Mar 16 '26	Buy	5.00	5,000	25,000	17,500	Apr 01 09:44 AM
DENELSKY STEPHEN J	Director	Mar 17 '26	Buy	4.87	10,000	48,700	21,000	Mar 18 02:13 PM
Snider William	Director	Mar 16 '26	Buy	4.99	12,525	62,500	23,525	Mar 18 07:31 AM
Snider William	Director	Mar 17 '26	Buy	4.85	8,475	41,104	32,000	Mar 18 07:31 AM
Duke John D	Chief Executive Officer	Mar 16 '26	Buy	5.01	5,000	25,050	105,000	Mar 17 05:56 PM

Harvard Bioscience, Inc. develops, manufactures, and sells technologies, products and services that enable fundamental research, discovery, and pre-clinical testing for drug development. It operates under the geographical segments: United States, Germany, China, United Kingdom, and Rest of the World. It sells its products through catalog, Website, distributors, and direct sales force. The company was founded by Dr. William T. Porter in 1901 and is headquartered in Holliston, MA.

PresidentMr. John Duke

CFOMr. Mark T. Frost

Vice President of Global People OperationsMs. Lori Packer

Senior Vice President of CommercialMr. David Panzarella

Corporate ControllerKathryn Flynn

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HBIO

Harvard Bioscience Inc

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