Company: HROW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001493152-25-021562
Chunk: 95

Company: HARROW, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 95
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 For the Nine Months Ended September 30, 

    2025  
    2024 
  
    Net cash provided by (used in): 

    Operating activities 
    $35,453,000  
    $(4,423,000)
  
    Investing activities 
     (730,000) 
     4,396,000 
  
    Financing activities 
     (7,680,000) 
     (1,457,000)
  
    Net change in cash and cash equivalents 
     27,043,000  
     (1,484,000)
  
    Cash and cash equivalents at beginning of the period 
     47,247,000  
     74,085,000 
  
    Cash and cash equivalents at end of the period 
    $74,290,000  
    $72,601,000 

Operating
Activities

Net
cash provided by (used in) operating activities during the nine months ended September 30, 2025 was $35,453,000 compared to $(4,423,000)
during the same period in the prior year. The increase in net cash provided by operating activities between the periods was mainly attributed
to a decrease of $38,225,000 in accounts receivable as a result of collections during the nine months ended September 30, 2025, compared
to an increase in accounts receivable of $17,453,000 during the same period in 2024.

Investing
Activities

Net
cash provided by (used in) provided by investing activities during the nine months ended September 30, 2025 was $(730,000) compared to
$4,396,000 during the same period in the prior year. Cash used in investing activities in 2025 was primarily related to equipment and
software purchases. Cash provided by investing activities in 2024 was primarily related to the sale of our investment position in Eton.

37

Financing
Activities

Net
cash used in financing activities during the nine months ended September 30, 2025 and 2024 was $(7,680,000) and $(1,457,000), respectively.
Cash used in financing activities during the nine months ended September 30, 2025 was primarily due to repayment of debt and payment
of payroll taxes upon vesting of stock compensation mostly offset by proceeds from issuance of new debt. Cash used in financing activities
in 2024