Hamilton Thorne (HTL) investor relations material

Executive summary

• Revenue for the quarter ended September 30, 2024, was $19.4 million, up 24% year-over-year; nine-month revenue reached $57.9 million, up 19% year-over-year.

• Gross profit for the quarter increased 27% to $9.7 million; nine-month gross profit rose 20% to $29.7 million.

• Adjusted EBITDA for the quarter was $3.7 million, up 72% year-over-year; nine-month Adjusted EBITDA was $10.4 million, up 34%.

• Net loss for the quarter was $1.18 million, compared to $0.79 million in the prior year; nine-month net loss was $2.63 million, compared to $1.15 million.

• Organic sales growth reached 14% for the quarter and 12% for the nine-month period.

Financial highlights

• Sales for the quarter were $19.4 million, up from $15.7 million in the prior year.

• Gross profit for the quarter was $9.7 million, up from $7.7 million year-over-year.

• Operating expenses for the quarter were $10.1 million, up from $8.4 million in the prior year.

• Adjusted EBITDA for the quarter was $3.7 million, up from $2.2 million year-over-year.

• Cash on hand at September 30, 2024, was $6.9 million; working capital was $15.8 million.

Outlook and guidance

• Full-year 2024 revenue guidance confirmed at $78–$82 million, representing 10–15% organic growth.

• Double-digit organic growth expected to continue through 2024.

• Going private transaction expected to close on November 29, 2024.