Harmonic

OverviewSuggest Edit

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. 

TypePublic
HQSan Jose, USMap
Websiteharmonicinc.com
Employee Ratings2.9More
View Jobs (34)

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Latest Updates

Employees (est.) (Dec 2019)1,172
Job Openings34
Revenue (FY, 2019)$402.9 M
Share Price (May 2020)$5.6 (+4%)

Key People/Management at Harmonic

Shahar Bar

Shahar Bar

Senior Vice President, Video Products & Corporate Development
Patrick Gallagher

Patrick Gallagher

Chairman of the Board
Deborah Clifford

Deborah Clifford

Director
David Krall

David Krall

Director
Charles Bonasera

Charles Bonasera

Senior Vice President, Operations
Sanjay Kalra

Sanjay Kalra

Senior Vice President, CFO
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Harmonic Office Locations

Harmonic has offices in San Jose, Lane Cove North, Issy-les-Moulineaux, Hong Kong and in 7 other locations
San Jose, US (HQ)
4300 N 1st St
Lane Cove North, AU
Level 1/706 Mowbray Rd W
Issy-les-Moulineaux, FR
1st Floor, 12 Rue Rouget de Lisle
Hong Kong, HK
8 Argyle St
Noida, IN
Green Building, 5th Floor, Plot No 19A, Sector 16A Film City
Caesarea, IL
19 Alon Hatavor St., P.O.B 3600 Caesarea Industrial Park
Show all (13)

Harmonic Financials and Metrics

Harmonic Revenue

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Harmonic's revenue was reported to be $402.87 m in FY, 2019
USD

Revenue (Q1, 2020)

78.4m

Gross profit (Q1, 2020)

36.7m

Gross profit margin (Q1, 2020), %

46.8%

Net income (Q1, 2020)

(22.0m)

EBIT (Q1, 2020)

(18.0m)

Market capitalization (22-May-2020)

542.8m

Closing stock price (22-May-2020)

5.6

Cash (27-Mar-2020)

71.7m

EV

621.3m
Harmonic's current market capitalization is $542.8 m.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

423.3m549.3m530.5m461.9m433.6m377.0m405.9m358.2m403.6m402.9m

Revenue growth, %

(6%)(13%)8%

Cost of goods sold

227.9m294.8m293.9m241.5m221.2m174.3m205.2m188.4m194.3m179.9m

Gross profit

195.4m254.5m236.6m220.4m212.3m202.7m200.8m169.8m209.2m223.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

95.5m104.8m132.8m134.0m138.9m127.7m132.6m136.7m101.7m117.1m122.9m108.0m109.6m108.1m104.0m103.1m83.3m81.8m109.6m101.4m82.9m82.3m92.0m90.1m99.2m100.6m80.1m84.9m115.7m78.4m

Cost of goods sold

49.9m57.3m71.0m72.2m74.9m74.1m75.1m76.8m55.5m59.2m66.1m55.7m59.8m54.6m49.0m48.7m37.1m41.2m58.5m50.0m42.5m48.5m45.0m42.9m47.6m50.5m38.3m40.9m40.2m41.7m

Gross profit

45.7m47.5m61.9m61.8m64.0m53.7m57.6m59.9m46.2m57.9m56.8m52.3m49.8m53.4m55.0m54.4m46.2m40.7m51.0m51.4m40.4m33.8m47.0m47.2m51.6m50.1m41.8m43.9m75.5m36.7m

Gross profit Margin, %

48%45%47%46%46%42%43%44%45%49%46%48%45%49%53%53%55%50%47%51%49%41%51%52%52%50%52%52%65%47%
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Annual
usdY, 2009Y, 2010FY, 2010Y, 2011FY, 2011FY, 2012Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

152.5m96.5m96.5m91.0m91.0m96.7m96.7m90.3m73.0m126.2m55.6m57.0m66.0m93.1m

Accounts Receivable

101.7m109.9m85.9m75.1m74.1m69.5m86.8m69.8m81.8m88.5m

Prepaid Expenses

21.5m23.6m21.5m17.5m25.0m18.9m23.3m40.8m

Inventories

58.1m70.6m64.3m36.9m32.7m38.8m41.2m26.0m25.6m29.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

187.9m70.5m59.7m70.4m75.2m81.0m92.4m103.2m118.5m83.2m93.3m69.2m59.2m42.0m79.7m76.0m61.6m57.0m51.5m44.7m55.3m52.9m50.0m52.0m54.1m61.7m69.9m58.1m66.7m71.7m

Accounts Receivable

71.4m92.4m111.9m117.9m116.4m111.8m102.7m94.6m95.7m86.2m85.1m77.5m79.9m75.6m75.9m76.1m64.1m95.5m102.7m99.1m69.8m60.4m71.6m74.8m82.6m78.0m58.9m70.6m100.9m93.1m

Prepaid Expenses

18.9m24.1m19.2m29.0m19.7m14.8m28.2m23.8m26.9m30.5m28.9m31.7m42.3m43.3m38.5m27.4m24.3m22.7m30.0m19.4m24.2m22.9m29.2m40.3m32.0m

Inventories

42.8m57.2m58.8m61.1m65.2m65.5m68.0m68.3m46.4m44.4m40.4m30.3m30.2m32.5m31.5m32.5m39.9m42.4m36.6m35.8m39.9m35.1m31.8m25.1m23.0m23.3m29.3m27.7m29.0m34.9m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(4.3m)8.8m(10.9m)37.0m(46.2m)(15.7m)(72.3m)(83.0m)(21.0m)(5.9m)

Depreciation and Amortization

10.0m13.9m15.2m44.0m37.0m19.7m33.7m22.9m21.3m19.6m

Inventories

(12.0m)(12.7m)3.0m13.3m1.6m(6.0m)(4.1m)11.7m(2.0m)(4.8m)

Accounts Payable

(3.1m)4.8m(5.2m)(3.4m)56.0k4.7m5.8m3.4m1.0m5.1m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

9.8m9.4m516.0k906.0k4.5m(7.5m)(7.5m)(15.7m)6.4m2.6m39.4m(5.4m)(42.5m)(41.4m)(2.7m)(3.7m)(8.5m)(25.2m)(45.9m)(61.9m)(24.0m)(55.5m)(71.1m)(13.7m)(16.6m)(24.4m)(11.3m)(23.2m)(11.5m)(22.0m)

Depreciation and Amortization

4.4m6.7m3.4m6.8m10.3m3.8m7.5m11.3m4.0m8.1m32.9m10.9m21.4m31.0m5.4m10.4m15.1m6.1m16.1m25.9m5.7m11.3m17.3m5.6m11.0m16.2m4.9m9.9m14.7m4.5m

Inventories

(7.7m)(11.1m)(732.0k)(3.0m)(7.2m)4.2m4.9m(85.0k)6.8m7.2m10.5m5.9m5.4m2.4m775.0k(595.0k)(7.9m)(51.0k)3.2m2.2m942.0k2.9m6.2m424.0k2.0m997.0k(4.2m)(2.4m)(4.2m)(6.3m)

Accounts Payable

(1.6m)(1.9m)(3.6m)4.8m5.1m936.0k(684.0k)364.0k(2.8m)(2.9m)(5.4m)(2.5m)2.3m(786.0k)3.4m6.4m1.8m(3.9m)2.2m2.5m(6.7m)1.4m2.1m(5.7m)(4.2m)(4.0m)(8.2m)(1.8m)(2.8m)(242.0k)
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USDY, 2020

EV/EBIT

-34.4 x

EV/CFO

-56.3 x

Financial Leverage

2.4 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 (Foreign)

33 33 33 34 34 42 42 35 44 44

Patents (US)

53 54 54 55 55 69 69 59 73 71
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Harmonic Revenue Breakdown

Embed Graph

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

Harmonic Online and Social Media Presence

Harmonic's Trends

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Harmonic News and Updates

April 13, 2020

Harmonic Announces Virtual Showcase to Bring Smarter Video Streaming to Life

SAN JOSE, Calif., April 13, 2020 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the launch of Live Connection, a 30-day virtual showcase highlighting Harmonic's latest video streaming innovations. The online interactive series will shine light on the powerful benefits of...
March 11, 2020

Harmonic Media Alert Concerning the 2020 NAB Show

SAN JOSE, Calif., March 11, 2020 /PRNewswire/ -- In view of the rising concerns surrounding COVID-19, Harmonic fully supports the NAB's decision to cancel the 2020 NAB Show in April. The safety of our employees, customers and partners is of paramount importance to us. While we will miss...
February 07, 2020

Albert Michelson's Harmonic Analyzer (2014) [video]

Comments
January 15, 2020

Global Harmonic Drive Market Expected to Witness a Sustainable Growth over 2025

According to this study, over the next five years the Harmonic Drive market will register a 14.1% CAGR in terms of revenue, the global market size will reach $ 1113.8 million by 2025, from $ 656.9 million in 2019. In particular, this report presents the global market share (sales and revenue) of key…
January 06, 2020

Harmonic Selling: How The Role Of B2B Sellers Needs To Evolve To Meet Customer Demand

Aligning sales and marketing on a common view of the customer is essential to engaging the buyer effectively, removing the inevitable friction from the buying process and helping buyers make sense of the noisy world around them.
September 11, 2019

The Future of Harmonic Filter Market in the forecast period (2018-2023) as predicted by Stratview Research

This report, from Stratview Research, studies the global harmonic filter market over the trend period from 2012 to 2017 and the forecast period from 2018 to 2023. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Harmonic Blogs

January 21, 2020

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2019 Results

Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2019 Results Content Import Tue, 01/21/2020 - 16:05 Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2019 Results 01/21/20 This release is a backfill from a News Wire …
January 14, 2020

Vidgo Launches 100+ Channel Live Streaming Service Powered by Harmonic

VOS®360 Live Streaming Platform Provides Rapid Service Scaling for OTT Delivery SAN JOSE, Calif. , Jan. 14, 2020 /PRNewswire/ --  Harmonic (NASDAQ: HLIT) today announced that Vidgo has launched a new OTT service powered by Harmonic's VOS ® 360 Live Streaming Platform.
January 06, 2020

Harmonic to Participate in the 22nd Annual Needham Growth Conference

SAN JOSE, Calif. , Jan. 6, 2020 /PRNewswire/ --  Harmonic (NASDAQ: HLIT) today announced that Sanjay Kalra , Harmonic's chief financial officer, will present at the 22nd Annual Needham Growth Conference in New York on Tuesday, January 14, 2020 at 11:20 a.m. ET .
December 17, 2019

Harmonic's CableOS Solution Powers Broadband Expansion for Westman Communications

Harmonic's CableOS Solution Powers Broadband Expansion for Westman Communications Content Import Tue, 12/17/2019 - 08:00 Harmonic's CableOS Solution Powers Broadband Expansion for Westman Communications 12/17/19 This release is a backfill from a News Wire …
November 27, 2019

Harmonic Announces Participation in Upcoming Investor Conferences

Harmonic Announces Participation in Upcoming Investor Conferences Content Import Wed, 11/27/2019 - 16:05 Harmonic Announces Participation in Upcoming Investor Conferences 11/27/19 This release is a backfill from a News Wire General S…
November 04, 2019

Harmonic Announces Participation at the 2019 Needham Security, Networking, and Communications Conference

SAN JOSE, Calif. , Nov. 4, 2019 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Jeremy Rosenberg , Harmonic's senior vice president of business development, will present at the Needham Security, Networking, and Communications Conference in New York on Tuesday, November 12, 2019 at 1:40
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 Harmonic Frequently Asked Questions

  • Who are Harmonic key executives?

    Harmonic's key executives are Shahar Bar, Patrick Gallagher and Deborah Clifford.

  • How many employees does Harmonic have?

    Harmonic has 1,172 employees.

  • What is Harmonic revenue?

    Latest Harmonic annual revenue is $402.9 m.

  • What is Harmonic revenue per employee?

    Latest Harmonic revenue per employee is $343.7 k.

  • Who are Harmonic competitors?

    Competitors of Harmonic include AVIWEST, Acacia Communications and Skype.

  • Where is Harmonic headquarters?

    Harmonic headquarters is located at 4300 N 1st St, San Jose.

  • Where are Harmonic offices?

    Harmonic has offices in San Jose, Lane Cove North, Issy-les-Moulineaux, Hong Kong and in 7 other locations.

  • How many offices does Harmonic have?

    Harmonic has 13 offices.