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. 

Show more
TypePublic
HQSan Jose, US
Size (employees)1,376 (est)
Websiteharmonicinc.com
Harmonic is headquartered in San Jose, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

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
Show more

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
Show all (12)
Report incorrect company information

Harmonic Financials and Metrics

Harmonic Revenue

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

Revenue (Q2, 2018)

189.3 m

Gross profit (Q2, 2018)

98.8 m

Gross profit margin (Q2, 2018), %

52.2%

Net income (Q2, 2018)

(16.6 m)

EBIT (Q2, 2018)

(8.7 m)

Market capitalization (18-Sep-2018)

445.2 m

Closing stock price (18-Sep-2018)

5.2

Cash (29-Jun-2018)

54.1 m
Harmonic's current market capitalization is $445.2 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, 2018Q2, 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 m189.3 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 m42.9 m90.5 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 m47.2 m98.8 m

Gross profit Margin, %

46%48%45%49%55%53%53%50%47%51%49%41%52%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, 2018Q2, 2018

Cash

93.3 m69.2 m59.2 m42 m61.6 m79.7 m76 m57 m51.5 m44.7 m55.3 m52.9 m52 m54.1 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 m82.6 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 m23 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 m179.1 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, 2018Q2, 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)(16.6 m)

Depreciation and Amortization

1.7 m1.7 m1.4 m1.4 m1.4 m2.4 m4.2 m3 m774 k5.6 m11 m

Inventories

30.2 m32.5 m39.9 m31.5 m32.5 m42.4 m36.6 m35.8 m39.9 m424 k2 m

Accounts Payable

24.6 m21.4 m16.6 m18.5 m21.3 m31.8 m35.8 m31.4 m22.3 m(5.7 m)(4.2 m)
USDY, 2018

Financial Leverage

2.3 x
Show all financial metrics

Harmonic Operating Metrics

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
Show all operating metrics

Harmonic Revenue Breakdown

Embed Graph

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

Report incorrect company information

Harmonic Online and Social Media Presence

Embed Graph
Report incorrect company information

Harmonic News and Updates

Harmonic Announces Participation at the Sidoti & Company Fall 2018 Conference

SAN JOSE, Calif., Sept. 13, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman, Harmonic's Chief Executive Officer, and Sanjay Kalra, Chief Financial Officer, will present at the Sidoti & Company Fall 2018 Conference in New York City, New York on Thursday,...

Harmonic Partners with Verimatrix to Revolutionize Content Distribution Efficiencies

SAN JOSE, Calif., Sept. 13, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced a new partnership with Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services. Integration between Verimatrix's new Viewthority™ content distribution...

Harmonic Video SaaS Powers Telkomsel's New Mobile OTT Service

SAN JOSE, Calif., Sept. 13, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Telkomsel, Indonesia's most popular mobile network operator, is powering its new MAXstream OTT service using Harmonic's VOS®360 Video SaaS. Harmonic's VOS360 solution provides exceptional...

New UHD Channel Featuring NASA Content and Powered by Harmonic Video SaaS Comes to the Roku Platform in High Dynamic Range

SAN JOSE, Calif., Sept. 13, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that a new UHD service featuring NASA UHD content, remotely produced by Harmonic in cooperation with NASA, is now available in high dynamic range (HDR) on the Roku® platform. Roku users with a...

Harmonic Drive Market is expected to grow at a CAGR of 14.8%

The study includes drivers and restraints of the global Harmonic Drive manufacturing market. It also covers impact of these drivers and restraints on production for Harmonic Drive manufacturing market during the forecast period. The report also highlights opportunities in the Harmonic Drive manufact…

Harmonic Filter Market 2018 - Global industry Size, Market Share, Market Trends and Forecast to 2026

Global Harmonic Filter Market To Witness Steady Growth By 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday
Show more
Report incorrect company information

Harmonic Company Life and Culture

Report incorrect company information