EarningsHarvard Bioscience pre-announced better than expected 2Q revenue of approximately $20.4 million.
Operational EfficiencyCost cutting is expected to reduce operating expenses by $1 million a quarter going forward, overcoming cautious revenue expectations.
Product InnovationManagement remains optimistic about the 2025 prospects for newly launched products such as cellular organ models and large-scale electroporation, which offer higher margins and a proportionately higher recurring revenue stream.