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Harvard Bioscience sees FY23 revenue $116M-$120M, consensus $120.76M
The Fly

Harvard Bioscience sees FY23 revenue $116M-$120M, consensus $120.76M

The company said, “We expect revenues of approximately $116 million to $120 million for the full year 2023. This expected growth anticipates an approximate 4 percentage point headwind from discontinued products. For the year 2023, we expect gross margins of approximately 60% and adjusted EBITDA margins in the 15% to 17% range. We also remain on the path to reduce our net leverage ratio to approximately 2X by the end of this year.”

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