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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Hamilton Thorne
Hamilton Thorne (HTL) investor relations material
Hamilton Thorne has been delisted
Hamilton Thorne Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2024 earnings summary13 Nov, 2024
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.
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Frequently asked questions
Hamilton Thorne is a leading provider of precision instruments, consumables, software and services to the Assisted Reproductive Technologies (ART) and developmental biology research markets. It sells its products and services to infertility clinics, university research centers, large animal breeding facilities, pharmaceutical firms, biotechnology companies and other commercial and academic research establishments. The company provides novel solutions for Life Science that reduce cost, increase productivity improve results and enable rapid progress in scientific research from basic biology through translational research.