Harmonic
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Harmonic

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    • Manufacturing & IndustrialMobile & Telecommunicationssignal 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(2018-09-18)
    $445.2 M
    Backlog(FY, 2016)
    $188.4 M
    TypePublic
    HQSan Jose, US
    Size (employees)1,376 (est)
    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 (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%
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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, 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
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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, 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)
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    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

    Embed Graph

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

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    Competitors

    Zoom Video Communications
    Mobile & Telecommunications - Private
    wdxefcqufszuzezftuxetqsqxt
    Azcom
    Mobile & Telecommunications - Private
    CommAgility
    Manufacturing & Industrial - Subsidiary
    ATEME
    Mobile & Telecommunications - Public
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    Harmonic Online and Social Media Presence

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    Harmonic News and Updates

    September 13, 2018

    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,...
    September 13, 2018

    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...
    September 13, 2018

    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...
    September 13, 2018

    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...
    August 17, 2018

    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…
    August 10, 2018

    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
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    Harmonic Company Life and Culture

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