Company: HROW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001641172-25-009263
Chunk: 52

Company: HARROW, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 52
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used in): 

     Operating activities 
    $19,668,000  
    $(4,628,000)
  
     Investing activities 
     (212,000) 
     (110,000)
  
     Financing activities 
     23,000  
     (809,000)
  
    Net change in cash and cash equivalents 
     19,479,000  
     (5,547,000)
  
    Cash and cash equivalents at beginning of the period 
     47,247,000  
     74,085,000 
  
    Cash and cash equivalents at end of the period 
    $66,726,000  
    $68,538,000 

Operating Activities

Net cash provided by (used
in) operating activities during the three months ended March 31, 2025 was $19,668,000 compared to $(4,628,000) 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
$39,196,000 in accounts receivable due to collections during the three months ended March 31, 2025 compared to a decrease of $8,396,000
during the same period in 2024.

Investing Activities

Net cash used in investing
activities during the three months ended March 31, 2025 was $(212,000) compared to $(110,000) during the same period in the prior year.
Cash used in investing activities in 2025 and 2024 was primarily related to equipment and software purchases.

Financing Activities

Net cash provided by (used
in) financing activities during the three months ended March 31, 2025 and 2024 was $23,000 and $(809,000), respectively. Cash provided
by financing activities during the three months ended March 31, 2025 was related to proceeds received from the exercise of stock options.
Cash used in financing activities during the three months ended March 31, 2024 was primarily related to payment of payroll taxes upon
vesting of RSUs in exchange for shares withheld from  employees.

Sources of Capital

During the three months ended
March 31, 2025, our principal sources of cash came from proceeds from our operating activities. We expect future cash needs to be provided
by operating activities, but our forecasts may not be accurate, and our plans