Financial PerformanceHarvard Bioscience's 3Q revenue beat consensus and gross margins improved year-over-year, driven by strong sales execution and financial discipline.
Operational ImprovementsAdjusted EBITDA improved year-over-year to $2.0 million, surpassing estimates due to expense discipline, benefits from a new ERP system, and a more profitable sales mix from consumables.
Product DemandAn expanding backlog and demand for new products prompted a 4Q guide ahead of consensus.