Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet. The Company's products fall into four principal categories; video production products, video server products for playout, video processing products, and cable edge products. Video production products are used to support video editing, post-production, and finishing. Server systems are used to assemble and play out one or more channel systems. Video processing products are used by media companies, broadcasters, telcos, satellite operators, cable operators, and OTT operators to acquire and use different types and sources of video signals. Cable edge products are used by cable operators to deliver customized broadcast or on-demand and data services to their subscribers. Harmonic supplies cable television headend or hub devices that receive digital video or data from the operator network, re-packetizes the video or data into a MPEG transport stream, then digitally modulates the MPEG transport stream onto a downstream RF channel using quadrature amplitude modulation (QAM). Harmonic sells its products to cable, satellite and telco, and broadcast and media companies.
Company Growth (employees)
Key People at Harmonic
Patrick Harshman
Sanjay Kalra
Shahar Bar
Nimrod Ben-Natan
Charles Bonasera
Harmonic Office Locations
Harmonic Data and Metrics
Harmonic Financial Metrics
Revenue (Q1, 2017) | 82.9 m |
Gross profit (Q1, 2017) | 40.4 m |
Gross profit margin (Q1, 2017), % | 49% |
Net income (Q1, 2017) | (24 m) |
EBIT (Q1, 2017) | (21.2 m) |
Market capitalization (22-Sep-2017) | 241.8 m |
Cash (31-Mar-2017) | 55.3 m |
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|
Revenue | 461.9 m | 433.6 m | 377 m | 405.9 m | ||
Revenue growth, % | (6%) | (13%) | 8% | |||
Cost of goods sold | 216.6 m | 214.5 m | 196.8 m | 172.3 m | 122 m | 205.2 m |
Gross profit | 265.2 m | 261.3 m | 255 m | 200.8 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 109.6 m | 108.1 m | 104 m | 103.1 m | 83.3 m | 81.8 m | 109.6 m | 101.4 m | 82.9 m |
Cost of goods sold | 59.8 m | 54.6 m | 49 m | 48.7 m | 37.1 m | 41.2 m | 58.5 m | 50 m | 42.5 m |
Gross profit | 49.8 m | 53.4 m | 55 m | 54.4 m | 46.2 m | 40.7 m | 51 m | 51.4 m | 40.4 m |
Gross profit Margin, % | 45% | 49% | 53% | 53% | 55% | 50% | 47% | 51% | 49% |
| USD | Y, 2009 | Y, 2010 | Y, 2011 | Y, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|
Cash | 152.5 m | 96.5 m | 91 m | 96.7 m | 90.3 m | 73 m | 126.2 m | 55.6 m |
Accounts Receivable | 75.1 m | 74.1 m | 69.5 m | 86.8 m | ||||
Inventories | 36.9 m | 32.7 m | 38.8 m | 41.2 m | ||||
Current Assets | 328.7 m | 232.7 m | 286.1 m | 216.8 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 59.2 m | 42 m | 79.7 m | 76 m | 61.6 m | 57 m | 51.5 m | 44.7 m | 55.3 m |
Accounts Receivable | 79.9 m | 75.6 m | 75.9 m | 76.1 m | 64.1 m | 95.5 m | 102.7 m | 99.1 m | 69.8 m |
Inventories | 30.2 m | 32.5 m | 31.5 m | 32.5 m | 39.9 m | 42.4 m | 36.6 m | 35.8 m | 39.9 m |
Current Assets | 275 m | 234.8 m | 243.1 m | 245.9 m | 226.6 m | 256.4 m | 247.9 m | 226.1 m | 192.4 m |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 37 m | (46.2 m) | (15.7 m) | (72.3 m) |
Depreciation and Amortization | 8.1 m | 6.8 m | 5.8 m | 10.4 m |
Accounts Receivable | 9.9 m | (1 m) | 2.6 m | (2.6 m) |
Inventories | 13.3 m | 1.6 m | (6 m) | (4.1 m) |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (37.1 m) | 1.1 m | (2.7 m) | (994 k) | (4.8 m) | (25.2 m) | (20.7 m) | (16 m) | (24 m) |
Depreciation and Amortization | 1.7 m | 1.7 m | 1.4 m | 1.4 m | 1.4 m | 2.4 m | 4.2 m | 3 m | 774 k |
Accounts Receivable | 79.9 m | 75.6 m | 75.9 m | 76.1 m | 64.1 m | 95.5 m | 102.7 m | 99.1 m | 69.8 m |
Inventories | 30.2 m | 32.5 m | 31.5 m | 32.5 m | 39.9 m | 42.4 m | 36.6 m | 35.8 m | 39.9 m |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 60.3 k |
Financial Leverage | 2.1 x |
