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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Employee Rating

3.0More
TypePublic
HQSan Jose, US
Size (employees)1,160 (est)-15%
Websiteharmonicinc.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

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 (Q3, 2018)

100.6m

Gross profit (Q3, 2018)

50.1m

Gross profit margin (Q3, 2018), %

49.8%

Net income (Q3, 2018)

(7.8m)

EBIT (Q3, 2018)

(3.7m)

Market capitalization (9-Nov-2018)

513.3m

Closing stock price (9-Nov-2018)

5.9

Cash (28-Sep-2018)

61.7m
Harmonic's current market capitalization is $513.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

461.9m433.6m377.0m405.9m358.2m

Revenue growth, %

(6%)(13%)8%

Cost of goods sold

241.5m172.3m174.3m205.2m188.4m

Gross profit

220.4m261.3m202.7m200.8m169.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

122.9m108.0m109.6m108.1m104.0m103.1m83.3m81.8m109.6m101.4m82.9m82.3m92.0m90.1m99.2m100.6m

Cost of goods sold

66.1m55.7m59.8m54.6m49.0m48.7m37.1m41.2m58.5m50.0m42.5m48.5m45.0m42.9m47.6m50.5m

Gross profit

56.8m52.3m49.8m53.4m55.0m54.4m46.2m40.7m51.0m51.4m40.4m33.8m47.0m47.2m51.6m50.1m

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Inventories

36.9m32.7m38.8m41.2m26.0m

Current Assets

328.7m232.7m286.1m216.8m171.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

37.0m(46.2m)(15.7m)(72.3m)(83.0m)

Depreciation and Amortization

44.0m6.8m19.7m33.7m22.9m

Inventories

13.3m1.6m(6.0m)(4.1m)11.7m

Accounts Payable

(3.4m)56.0k4.7m5.8m3.4m
Quarterly
USDY, 2018

Financial Leverage

2.3 x
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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
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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 Announces Participation at the Needham Networking, Communications & Security Conference

SAN JOSE, Calif., Nov. 1, 2018 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Jeremy Rosenberg, Harmonic's senior vice president of business development, will present at the Needham Networking, Communications and Security Conference in New York City, New York on Tuesday,...

Harmonic Filter Market–Growth, Future Prospects and Competitive Analysis, 2018-2026

This report analyzes the global harmonic filter market in terms of type, voltage level, end-use application, and geography. On the basis of type, the global harmonic filter market is segmented in to passive harmonic filter, active harmonic filter, and hybrid active. Also, the global harmonic filter …

Harmonic Filter Market – Latest Trends, Forecast, and Opportunity Analysis

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. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulatio…

Harmonic Filter Market Size, Share, Trends, Forecast and Industry Analysis 2018-2026

Harmonic Filter Market Growth, Size, Trends and Competitive Analysis 2018-2026 Posted via Industry Today. Follow us on Twitter @IndustryToday

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...
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Harmonic Company Life and Culture

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Harmonic Frequently Asked Questions

  • Who are Harmonic key executives?

    Harmonic's key executives are Patrick Harshman, Sanjay Kalra and Shahar Bar.

  • How many employees does Harmonic have?

    Harmonic has 1,160 employees.

  • What is Harmonic revenue?

    Latest Harmonic annual revenue is $358.2 m.

  • What is Harmonic revenue per employee?

    Latest Harmonic revenue per employee is $308.8 k.

  • Who are Harmonic competitors?

    Competitors of Harmonic include Zoom Video Communications, Azcom and CommAgility.

  • Where is Harmonic headquarters?

    Harmonic headquarters is located at 4300 N First Street, San Jose.

  • Where are Harmonic offices?

    Harmonic has offices in Moscow, Noida, Singapore, San Jose and in 7 other locations.

  • How many offices does Harmonic have?

    Harmonic has 12 offices.