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)
Type
Public
HQ
San Jose, US
Size (employees)
1,376 (est)
Harmonic is headquartered in San Jose, US

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 San Jose, Hong Kong, Noida, Chuo and in 13 other locations
Issy-les-Moulineaux, FR
50 Rue Camille Desmoulins
Hong Kong, HK
8 Argyle St
Noida, IN
Ecity Bioscope Rd
Chuo, JP
5F Kayaba-cho Square Bldg 3-7-6 Nihonbashi-Kayabacho
Seoul, KR
KGIT Center #802 1601 Sangam-dong Mapo-gu
Farnborough, GB
250 Fowler Ave
Show all (17)

Harmonic Financials and Metrics

Harmonic Financials

Harmonic's revenue was reported to be $405.9 m in FY, 2016
USD

Revenue (Q2, 2017)

82.3 m

Gross profit (Q2, 2017)

33.8 m

Gross profit margin (Q2, 2017), %

41%

Net income (Q2, 2017)

(31.5 m)

EBIT (Q2, 2017)

(27.4 m)

Market capitalization (16-Feb-2018)

240.3 m

Cash (30-Jun-2017)

52.9 m
Harmonic's current market capitalization is $240.3 m.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

461.9 m433.6 m377 m405.9 m

Revenue growth, %

(6%)(13%)8%

Cost of goods sold

216.6 m214.5 m196.8 m172.3 m122 m205.2 m

Gross profit

265.2 m261.3 m255 m200.8 m
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%
USDY, 2009Y, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

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

Accounts Receivable

75.1 m74.1 m69.5 m86.8 m

Inventories

36.9 m32.7 m38.8 m41.2 m

Current Assets

328.7 m232.7 m286.1 m216.8 m
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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

8.1 m6.8 m5.8 m10.4 m

Accounts Receivable

9.9 m(1 m)2.6 m(2.6 m)

Inventories

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

Accounts Receivable

79.9 m75.6 m64.1 m75.9 m76.1 m95.5 m102.7 m99.1 m69.8 m

Inventories

30.2 m32.5 m39.9 m31.5 m32.5 m42.4 m36.6 m35.8 m39.9 m
Y, 2017

Financial Leverage

2.2 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 $188.4 m in FY, 2016, which is a 57% increase from the previous period
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2016Q2, 2016Q3, 2016FY, 2015Q1, 2017Q2, 2016Q3, 2016FY, 2016Q1, 2017

Patents (US)

53545455555657597269697173

Patents (foreign)

333333343435353511842424444

Patent Applications

222222232224263013978907880

Satellite Operators

100100100
Show all operating metrics

Harmonic Market Value History

Harmonic Revenue Breakdown

Harmonic Median Salaries

Source: 51 public H-1B filings from Harmonic

Harmonic's Web-traffic and Trends

Harmonic Online and Social Media Presence

Harmonic News and Updates

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.

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.

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…

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

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.

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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Harmonic Company Life and Culture

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