Harrow reports record Q1, to launch telehealth platform this week

Shares of Nashville-based Harrow Health jumped 16 percent Wednesday after the ophthalmology company announced record first-quarter earnings and the roll-out of a telehealth platform later this week.

Harrow reported $15.4 million in revenues in the first quarter, up 31 percent from last year in what CEO Mark Baum called the “best financial quarter in Harrow Health’s history.” The company produced a profit of nearly $11.7 million and improved its gross margins to 75.6 percent compared to 69 percent last year.