Iheezo (see below) is one of the many reasons why $HROW management says they can hit $350M+ revs in 2026 and $250M revs in 2027 Q4 which sets them up for $1.1B+ revs in 2028 with the potential to do $1.3B+ in 2028 if they get FDA approval / contribution from G-MELT... within the next 18-24 months we should see 40-45% ebitda margins... add it up and I think $HROW can do $400-600M of ebitda in 2028, throw a 25-30x multiple on that number considering growth rates and we have an $10-18B market cap (big spread b/c lots of variables) which is a potential 10-bagger within the next 2-3 years.
Obviously the company needs to execute really well for this to happen but they do have the products, pipeline and enlarged sales team to pull it off.
CEO recently joined twitter (X) at
@EyeFarma, he's also the largest shareholder so this is a founder-led company with significant skin in the game.
NFA.
DYOR.
*We are long $HROW at
@FirstWaveFund
$HROW will 10x over the next few years. One reason? Iheezo is exiting early-adopter phase & entering the rapid-growth part of the S-curve: record new-account adds, high retention, large remaining TAM
Most investors don't know Iheezo is a much better drug for patients. One even told me recently that Iheezo was a sign of everything wrong with healthcare in the US! But doctors who use it are starting to share their experience: patient pain following surgery is reduced, vision recovers faster, and follow up care for complications is reduced.
Retina patients get an injection each month, and many can't get back to their regular lives for one, two, or even three days. Iheezo patients who get an injection in the morning can get back to normal life in the afternoon. This happens EACH MONTH for these patients, who are literally reclaiming a huge part of their best lives.
The recent study showing reduced follow on pain P~0.001 is very good, but only part of the story, since it leaves out the recovery in vision, the reduced complications, and the simple fact that patients are back to normal right away instead of waiting to recover. Doctors who know this, and who like their patients, will give them Iheezo. For the docs who don't, what is wrong with you??? 😆
For those who don't know, Iheezo is up to 224 ordering accounts, including 62 new accounts in Q2 alone, by far the best quarter of account adds ever. This is the drug entering the inflection point of the S -curve. Confusing the market is the fact that GAAP moves revenue around from one quarter to the next, so that the benefits will begin to be seen next quarter. The market doesn't get it yet, but it's coming.
But Q3 and then Q4 especially will be huge, look for $100M of revenue, and then in 2027 and beyond a massive ramp. TAM > $5B for Iheezo, it goes on label for Retina in 2028 most likely, has a J-code, is waaay better for patients, and we can compare to $HROW full company revenue today: consensus $350M in 2026.
더 보기