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. 

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Type
Public
HQ
San Jose, US
Size (employees)
1,376 (est)
Harmonic is headquartered in San Jose, US
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Key People/Management at Harmonic

Patrick Harshman

Patrick Harshman

President and Chief Executive Officer
Sanjay Kalra

Sanjay Kalra

CFO
Shahar Bar

Shahar Bar

Senior Vice President, Corporate Development
Nimrod Ben-Natan

Nimrod Ben-Natan

Senior Vice President and General Manager, Cable Products
Charles Bonasera

Charles Bonasera

Senior Vice President, Operations
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Harmonic Office Locations

Harmonic has offices in Moscow, Noida, Singapore, San Jose and in 7 other locations
San Jose, US (HQ)
4300 N First Street
Issy-les-Moulineaux, FR
50 Rue Camille Desmoulins
Hong Kong, HK
8 Argyle St
Noida, IN
Green Building, 5th Floor, Plot No 19A, Sector 16A Film City
Noida, IN
Ecity Bioscope Rd
Caesarea, IL
19 Alon Hatavor St., P.O.B 3600 Caesarea Industrial Park
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Harmonic Financials and Metrics

Harmonic Revenue

Harmonic's revenue was reported to be $358.25 m in FY, 2017
USD

Revenue (Q1, 2018)

90.1 m

Gross profit (Q1, 2018)

47.2 m

Gross profit margin (Q1, 2018), %

52.4%

Net income (Q1, 2018)

(13.7 m)

EBIT (Q1, 2018)

(9.3 m)

Market capitalization (11-Jul-2018)

375 m

Closing share price (11-Jul-2018)

4.4

Cash (30-Mar-2018)

52 m
Harmonic's current market capitalization is $375 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

461.9 m433.6 m377 m405.9 m358.2 m

Revenue growth, %

(6%)(13%)8%

Cost of goods sold

196.8 m172.3 m122 m205.2 m188.4 m

Gross profit

265.2 m261.3 m255 m200.8 m169.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

122.9 m108 m109.6 m108.1 m83.3 m104 m103.1 m81.8 m109.6 m101.4 m82.9 m82.3 m90.1 m

Cost of goods sold

66.1 m55.7 m59.8 m54.6 m37.1 m49 m48.7 m41.2 m58.5 m50 m42.5 m48.5 m42.9 m

Gross profit

56.8 m52.3 m49.8 m53.4 m46.2 m55 m54.4 m40.7 m51 m51.4 m40.4 m33.8 m47.2 m

Gross profit Margin, %

46%48%45%49%55%53%53%50%47%51%49%41%52%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

152.5 m96.5 m91 m96.7 m90.3 m73 m126.2 m55.6 m57 m

Accounts Receivable

75.1 m74.1 m69.5 m86.8 m69.8 m

Inventories

36.9 m32.7 m38.8 m41.2 m26 m

Current Assets

328.7 m232.7 m286.1 m216.8 m171.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

93.3 m69.2 m59.2 m42 m61.6 m79.7 m76 m57 m51.5 m44.7 m55.3 m52.9 m52 m

Accounts Receivable

85.1 m77.5 m79.9 m75.6 m64.1 m75.9 m76.1 m95.5 m102.7 m99.1 m69.8 m60.4 m74.8 m

Inventories

40.4 m30.3 m30.2 m32.5 m39.9 m31.5 m32.5 m42.4 m36.6 m35.8 m39.9 m35.1 m25.1 m

Current Assets

329.6 m309.6 m275 m234.8 m226.6 m243.1 m245.9 m256.4 m247.9 m226.1 m192.4 m172.8 m181.8 m
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

37 m(46.2 m)(15.7 m)(72.3 m)(83 m)

Depreciation and Amortization

8.1 m6.8 m5.8 m10.4 m14.6 m

Inventories

13.3 m1.6 m(6 m)(4.1 m)11.7 m

Accounts Payable

(3.4 m)56 k4.7 m5.8 m3.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2015Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

36.8 m(5.4 m)(37.1 m)1.1 m(4.8 m)(2.7 m)(994 k)(25.2 m)(20.7 m)(16 m)(24 m)(13.7 m)

Depreciation and Amortization

1.7 m1.7 m1.4 m1.4 m1.4 m2.4 m4.2 m3 m774 k5.6 m

Inventories

30.2 m32.5 m39.9 m31.5 m32.5 m42.4 m36.6 m35.8 m39.9 m424 k

Accounts Payable

24.6 m21.4 m16.6 m18.5 m21.3 m31.8 m35.8 m31.4 m22.3 m(5.7 m)
USDY, 2018

Financial Leverage

2.3 x
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Harmonic Operating Metrics

Harmonic's Patent Applications was reported to be 80 in Q1, 2017. Harmonic's Backlog was reported to be $188.4m in FY, 2016.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2016Q2, 2016Q3, 2016FY, 2015Q1, 2017FY, 2016

Backlog

$128.70 m$120.10 m$188.40 m

Patent Applications

22 22 22 23 22 78 90 30 80 78

Patents (US)

53 54 54 55 55 69 69 59 73 71

Patents (foreign)

33 33 33 34 34 42 42 35 44 44
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Harmonic Revenue Breakdown

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Harmonic revenue breakdown by business segment: 13.4% from Cable Edge and 86.6% from Video

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Harmonic Online and Social Media Presence

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Harmonic News and Updates

Harmonic Drive Reduction Gear Market 2018-By Facilitate Decision Making based on Historic and Forecasts Data 2023

Pune, India, 16th July 2018: WiseGuyReports announced addition of new report, titled “Global Harmonic Drive Reduction Gear Market by Manufacturers, Regions, Type and Application, Forecast to 2023”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Globosat Taps Harmonic for Live UHD World Cup Broadcasts

SAN JOSE, CA.—Globosat, Latin America's largest content and program creator, is using Harmonic’s ViBE contribution platform for live UHD broadcasts of the 2018 FIFA World Cup in Russia. Harmonic's ViBE CP9000 contribution platform preserves video quality at the front of the broadcast chain, ...Conti…

French Broadcaster Offers UHD Sports With Harmonic Solution

SAN JOSE, CA.—French TV channel TF1 has begun relying upon a Harmonic Ultra-HD contribution and distribution solution to broadcast live sports, including soccer and premier motor racing, the company announced today. The broadcaster is using the Harmonic ViBE CP9000 HD/UHD contribution solution to ..…

Medianet Chooses Harmonic to Launch UHD Service in the Maldives During Premiere Soccer Tournament

SAN JOSE, Calif., June 27, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT), the worldwide leader in video delivery technology and services, today announced that Medianet, a leading pay-TV operator in the Maldives, has deployed a UHD contribution and video processing solution from Harmonic...

Harmonic Enables Magyar Telekom to Maximize Bandwidth Savings and Add New HD Channels to IPTV Service

SAN JOSE, Calif., June 13, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT), the worldwide leader in video delivery technology and services, today announced that Magyar Telekom, a leading telecommunications operator in Hungary, has successfully deployed Harmonic's EyeQ™ content-aware encoding...

Voltage Controlled Oscillators Market is Expected to Generate Huge Profits by 2027

The ability of the voltage controlled oscillator to generate varying frequency oscillations, with a change in input voltage, furthermore, increases its applications in industries such as military and networking. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Harmonic Company Life and Culture

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