Harmonic
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Harmonic

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    • CommunicationsManufacturing & Industrialsignal processingtelecommunicationsvideo technology

    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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    Revenue(FY, 2017)
    $358.2 M
    Market capitalization(2018-04-20)
    $304.9 M
    Patent Applications (Q1, 2017)
    80
    Type
    Public
    HQ
    San Jose, US
    Size (employees)
    1,376 (est)
    Website
    harmonicinc.com
    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

    Chief Financial Officer
    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

    Harmonic Office Locations

    Harmonic has offices in Singapore, San Jose, Hong Kong, Noida and in 13 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
    Ecity Bioscope Rd
    Caesarea, IL
    19 Alon Hatavor St., P.O.B 3600 Caesarea Industrial Park
    Chuo, JP
    5F Kayaba-cho Square Bldg 3-7-6 Nihonbashi-Kayabacho
    Show all (17)
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    Harmonic Financials and Metrics

    Harmonic Financials

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

    Revenue (FY, 2017)

    		358.2 m

    Gross profit (FY, 2017)

    		169.8 m

    Gross profit margin (FY, 2017), %

    		47.4%

    Net income (FY, 2017)

    		(83 m)

    EBIT (FY, 2017)

    		(70.9 m)

    Market capitalization (20-Apr-2018)

    		304.9 m

    Cash (31-Dec-2017)

    		57 m
    Harmonic's current market capitalization is $304.9 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, 2017

    Revenue

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

    Gross profit Margin, %

    		46%48%45%49%55%53%53%50%47%51%49%41%
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    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, 2017

    Cash

    		93.3 m69.2 m59.2 m42 m61.6 m79.7 m76 m57 m51.5 m44.7 m55.3 m52.9 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 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 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 m
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    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, 2017

    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)

    Depreciation and Amortization

    		1.7 m1.7 m1.4 m1.4 m1.4 m2.4 m4.2 m3 m774 k

    Inventories

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

    Accounts Payable

    		24.6 m21.4 m16.6 m18.5 m21.3 m31.8 m35.8 m31.4 m22.3 m
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    USDY, 2017

    Revenue/Employee

    		260.4 k

    Financial Leverage

    		2.3 x
    Show all financial metrics

    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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    Competitors

    Clearfield
    Communications - Public
    Sonus Networks
    Communications - Public
    Loral Space & Communications
    Communications - Public
    Comtech Telecommunications
    Communications - Public
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    Harmonic News and Updates

    February 15, 2018

    Sweden’s Com Hem Installs Harmonic CableOS System

    Com Hem is feeling the need for speed when it comes to the delivery of broadband services and as a result the Swedish broadcaster has recently installed Harmonic’s CableOS virtualized CCAP platform.
    January 24, 2018

    Swiss Broadcaster Deploys Integrated Playout, Automation Solution

    Swiss news broadcast channel La Télé has streamline HD broadcast operations by deploying a comprehensive automation, playout, traffic and news production workflow for live and scheduled content that relies on technology from Harmonic, Aveco, Chyro and Incite.
    January 05, 2018

    Harmonic Drive Gear Global Market: Research by Type, Application & Key Player

    HTF MI recently introduced Global Harmonic Drive Gear study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on " Harmonic Drive Gear Market by Type (Cup Style, Hat Style & Pancake Style), by End-Users/Application Industry Robot, Semiconductor Man…
    November 14, 2017

    Low Harmonic Drives Market has huge Potential to Grow Rapidly !

    Low Harmonic Drives Market report categorizes global market on the basis of product type, components, and end use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
    November 07, 2017

    Israel’s YES Launches UHD-HDR Channel With Harmonic Gear

    YES, a tier 1 direct broadcast satellite television provider in Israel, is making the move to launch a live UHD channel and it has tapped Harmonic to help it do so.
    October 25, 2017

    SMPTE 2017: Q&A—Thierry Fautier, Harmonic

    Shortly before the start of SMPTE 2017 Technical Conference & Exhibition, TV Technology spoke with Thierry Fautier, vice president of video strategy, Harmonic, about his Thursday session “State-of-the-Art Virtual Reality Streaming: Solutions for Reducing Bandwidth & Improving Video Quality.”
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