Harvard Apparatus Regenerative Technology (HRGN)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.59 mm	3.59 mm	3.59 mm	3.59 mm	3.59 mm	3.59 mm
Cash burn (monthly)	(no burn)	(no burn)	619.67 k	682.42 k	491.33 k	412.08 k
Cash used (since last report)	n/a	n/a	2.65 mm	2.92 mm	2.10 mm	1.76 mm
Cash remaining	n/a	n/a	945.83 k	677.77 k	1.49 mm	1.83 mm
Runway (months of cash)	n/a	n/a	1.5	1.0	3.0	4.4

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

HRGN institutional ownership history Ownership history

31.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	2	2	–
Opened positions	0	0
Closed positions	0	1	EXIT
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	14.32 mm	14.32 mm	–
Total shares	4.36 mm	4.36 mm	–
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
DST Capital	3.65 mm	$10.95 mm	0.0%
HBIO Harvard Bioscience	708.52 k	$3.37 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
HBIO Harvard Bioscience	708.52 k	0.00	0.0%
DST Capital	3.65 mm	0.00	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

HRGN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
24 Dec 24	He Junli	Common Stock	Buy	Acquire P	No	No	2.87	2,299	6.60 k	262,000
3 Sep 24	Mao Zhang	Stock Option Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	4.12	7,198	29.66 k	7,198
27 Aug 24	He Junli	Common Stock	Buy	Acquire P	No	No	3.37	5,101	17.19 k	259,701
31 Jul 24	DST Capital	Warrants Common Stock	Other	Acquire J	No	No	2	140,000	280.00 k	0
31 Jul 24	DST Capital	Warrants Common Stock	Other	Acquire J	No	No	2	25,000	50.00 k	0
8 Jul 24	DST Capital	Warrants Common Stock	Other	Acquire J	No	No	2	50,000	100.00 k	25,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.