Harvard Bioscience (HBIO) Revenue & Revenue Breakdown

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Harvard Bioscience Revenue Highlights

Latest Revenue (Y)

$112.25M

Latest Revenue (Q)

$21.97M

Main Segment (Y)

Instruments, Equipment, Software, and Accessories

Main Geography (Y)

UNITED STATES

Harvard Bioscience Revenue by Period

Harvard Bioscience Revenue by Year

Date	Revenue	Change
2023-12-31	$112.25M	-0.96%
2022-12-31	$113.33M	-4.68%
2021-12-31	$118.90M	16.46%
2020-12-31	$102.10M	-12.12%
2019-12-31	$116.18M	-3.81%
2018-12-31	$120.77M	18.54%
2017-12-31	$101.88M	-2.52%
2016-12-31	$104.52M	-3.81%
2015-12-31	$108.66M	0.00%
2014-12-31	$108.66M	3.32%
2013-12-31	$105.17M	-5.40%
2012-12-31	$111.17M	2.12%
2011-12-31	$108.86M	0.63%
2010-12-31	$108.18M	26.12%
2009-12-31	$85.77M	-2.59%
2008-12-31	$88.05M	5.57%
2007-12-31	$83.41M	9.49%
2006-12-31	$76.18M	12.98%
2005-12-31	$67.43M	-27.18%
2004-12-31	$92.60M	6.26%
2003-12-31	$87.14M	51.87%
2002-12-31	$57.38M	40.40%
2001-12-31	$40.87M	33.67%
2000-12-31	$30.57M	16.80%
1999-12-31	$26.18M	115.38%
1998-12-31	$12.15M	-

Harvard Bioscience generated $112.25M in revenue during NA 2023, up -0.96% compared to the previous quarter, and up 92.94% compared to the same period a year ago.

Harvard Bioscience Revenue by Quarter

Date	Revenue	Change
2024-09-30	$21.97M	-4.88%
2024-06-30	$23.10M	-5.77%
2024-03-31	$24.51M	-12.93%
2023-12-31	$28.15M	11.00%
2023-09-30	$25.36M	-11.81%
2023-06-30	$28.76M	-4.06%
2023-03-31	$29.98M	5.45%
2022-12-31	$28.43M	5.59%
2022-09-30	$26.92M	-7.83%
2022-06-30	$29.21M	1.49%
2022-03-31	$28.78M	-12.94%
2021-12-31	$33.05M	11.44%
2021-09-30	$29.66M	1.60%
2021-06-30	$29.20M	8.18%
2021-03-31	$26.99M	-12.89%
2020-12-31	$30.98M	28.90%
2020-09-30	$24.04M	3.13%
2020-06-30	$23.31M	-1.95%
2020-03-31	$23.77M	-79.54%
2019-12-31	$116.18M	323.72%
2019-09-30	$27.42M	-7.32%
2019-06-30	$29.58M	4.90%
2019-03-31	$28.20M	-16.71%
2018-12-31	$33.86M	18.24%
2018-09-30	$28.64M	-9.16%
2018-06-30	$31.52M	17.80%
2018-03-31	$26.76M	-2.56%
2017-12-31	$27.46M	9.63%
2017-09-30	$25.05M	-0.65%
2017-06-30	$25.21M	4.38%
2017-03-31	$24.16M	-8.55%
2016-12-31	$26.41M	5.63%
2016-09-30	$25.01M	-4.32%
2016-06-30	$26.14M	-3.07%
2016-03-31	$26.96M	-4.96%
2015-12-31	$28.37M	10.26%
2015-09-30	$25.73M	-10.66%
2015-06-30	$28.80M	11.79%
2015-03-31	$25.76M	-15.15%
2014-12-31	$30.36M	19.32%
2014-09-30	$25.45M	-5.60%
2014-06-30	$26.96M	4.11%
2014-03-31	$25.89M	-7.04%
2013-12-31	$27.85M	10.81%
2013-09-30	$25.14M	-3.67%
2013-06-30	$26.09M	0.03%
2013-03-31	$26.09M	-7.66%
2012-12-31	$28.25M	8.22%
2012-09-30	$26.10M	-8.39%
2012-06-30	$28.50M	0.61%
2012-03-31	$28.32M	-2.43%
2011-12-31	$29.03M	10.03%
2011-09-30	$26.38M	-2.81%
2011-06-30	$27.14M	3.16%
2011-03-31	$26.31M	-10.87%
2010-12-31	$29.52M	11.60%
2010-09-30	$26.45M	2.12%
2010-06-30	$25.91M	-1.50%
2010-03-31	$26.30M	-4.89%
2009-12-31	$27.65M	31.69%
2009-09-30	$21.00M	16.34%
2009-06-30	$18.05M	-5.36%
2009-03-31	$19.07M	-17.27%
2008-12-31	$23.05M	15.32%
2008-09-30	$19.99M	-13.28%
2008-06-30	$23.05M	4.96%
2008-03-31	$21.96M	-10.48%
2007-12-31	$24.53M	-

Harvard Bioscience generated $21.97M in revenue during Q3 2024, up -4.88% compared to the previous quarter, and up 76.39% compared to the same period a year ago.

Harvard Bioscience Revenue Breakdown

Harvard Bioscience Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Service, Maintenance, and Warranty Contracts	$6.53M	$5.17M	$4.79M	-	-
Instruments, Equipment, Software, and Accessories	$105.72M	$108.17M	$114.11M	-	-
Customer Advances	-	-	-	-	$894.00K
Service	-	-	-	$11.00K	$2.23M

Harvard Bioscience's latest annual revenue breakdown by segment (product or service), as of Dec 23: Instruments, Equipment, Software, and Accessories (94.18%), and Service, Maintenance, and Warranty Contracts (5.82%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Instruments, Equipment, Software, and Accessories	$20.54M	$22.76M	$26.45M	$23.50M	$27.27M	$28.49M	$27.16M	$25.70M	$27.77M	$27.54M	$31.81M	$28.48M	$27.99M	$25.83M	-	-	-	-
Service, Maintenance, and Warranty Contracts	$1.43M	$1.75M	$1.70M	$1.86M	$1.49M	$1.48M	$1.27M	$1.22M	$1.44M	$1.24M	$1.24M	$1.18M	$1.21M	$1.16M	-	-	-	-
Service	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$16.00K	$1.04M	$489.00K	$499.00K
Customer Advances	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$387.00K	$145.00K	$322.00K

Harvard Bioscience's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Instruments, Equipment, Software, and Accessories (93.50%), and Service, Maintenance, and Warranty Contracts (6.50%).

Harvard Bioscience Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Europe	$32.80M	$30.69M	$35.77M	-	-
UNITED STATES	$48.20M	$49.91M	$49.83M	$4.63M	$4.74M
Rest of the World	$12.76M	$16.34M	$8.49M	$82.00K	-
Greater China	$18.49M	$16.39M	-	-	-
CHINA	-	-	$24.82M	-	-
GERMANY	-	-	-	-	$313.00K

Harvard Bioscience's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (42.94%), Europe (29.22%), Greater China (16.47%), and Rest of the World (11.36%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Greater China	$2.73M	$4.38M	$10.86M	$3.49M	$4.14M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Europe	$6.50M	$6.58M	$8.96M	$7.06M	$9.33M	$7.44M	$8.33M	$7.34M	$7.19M	$7.82M	$10.20M	$8.37M	$8.03M	$8.59M	-	-	-	-	-	-
UNITED STATES	$9.71M	$10.98M	$11.55M	$12.02M	$12.34M	$12.30M	$11.63M	$11.51M	$14.07M	$12.24M	$12.53M	$12.71M	$13.15M	$11.18M	$1.17M	$1.91M	$970.00K	$575.00K	$1.87M	-
Rest of the World	$3.03M	$2.57M	$5.56M	$2.79M	$2.96M	$1.45M	$11.15M	$1.34M	$2.32M	$1.98M	$4.10M	$1.43M	$2.33M	$1.69M	$7.00K	$24.00K	$16.00K	-	-	-
Rest of Asia	-	-	-	-	-	$5.27M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
HONG KONG	-	-	-	-	-	$3.51M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CHINA	-	-	-	-	-	-	-	$6.73M	$5.62M	$6.73M	-	-	-	-	-	-	-	-	-	-
Asia	-	-	-	-	-	-	-	-	-	-	-	$7.16M	$5.70M	$5.54M	-	-	-	-	-	-
GERMANY	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$36.00K	$34.00K	$39.00K	$86.00K	-
Rest Of The World	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.90M
Segment, Geographical, United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$20.21M
Segment, Geographical, United Kingdom	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.48M
Segment, Geographical, Germany	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.82M

Harvard Bioscience's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (44.18%), Europe (29.59%), Rest of the World (13.80%), and Greater China (12.43%).

Harvard Bioscience Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ICUI	ICU Medical	$2.26B	$589.13M
MMSI	Merit Medical Systems	$1.26B	$339.85M
ANGO	AngioDynamics	$303.91M	$67.49M
LMAT	LeMaitre Vascular	$193.48M	$54.82M
HBIO	Harvard Bioscience	$112.25M	$21.97M
AKYA	Akoya Biosciences	$96.63M	$18.81M
PDEX	Pro-Dex	$53.84M	$14.89M
UTMD	Utah Medical Products	$50.22M	$10.01M
KRMD	KORU Medical Systems	$28.52M	$8.18M
POCI	Precision Optics	-	$4.20M

HBIO Revenue FAQ

What is Harvard Bioscience’s yearly revenue?

Harvard Bioscience's yearly revenue for 2023 was $112.25M, representing a decrease of -0.96% compared to 2022. The company's yearly revenue for 2022 was $113.34M, representing a decrease of -4.68% compared to 2021. HBIO's yearly revenue for 2021 was $118.9M, representing an increase of 16.46% compared to 2020.

What is Harvard Bioscience’s quarterly revenue?

Harvard Bioscience's quarterly revenue for Q3 2024 was $21.97M, a -4.88% decrease from the previous quarter (Q2 2024), and a -13.38% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $23.1M, a -5.77% decrease from the previous quarter (Q1 2024), and a -19.69% decrease year-over-year (Q2 2023). HBIO's quarterly revenue for Q1 2024 was $24.51M, a -12.93% decrease from the previous quarter (Q4 2023), and a -18.23% decrease year-over-year (Q1 2023).

What is Harvard Bioscience’s revenue growth rate?

Harvard Bioscience's revenue growth rate for the last 3 years (2021-2023) was -5.60%, and for the last 5 years (2019-2023) was -3.38%.

What are Harvard Bioscience’s revenue streams?

Harvard Bioscience's revenue streams in c 23 are Service, Maintenance, and Warranty Contracts, and Instruments, Equipment, Software, and Accessories. Service, Maintenance, and Warranty Contracts generated $6.53M in revenue, accounting 5.82% of the company's total revenue, up 26.38% year-over-year. Instruments, Equipment, Software, and Accessories generated $105.72M in revenue, accounting 94.18% of the company's total revenue, down -2.26% year-over-year.

What is Harvard Bioscience’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Harvard Bioscience was Instruments, Equipment, Software, and Accessories. This segment made a revenue of $105.72M, representing 94.18% of the company's total revenue.