Harmonic

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 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
San Jose, US (HQ)
4300 N First Street
Dubai, AE
Dubai Media City Al Thuraya 2, 805 Dubai 500717
Moskva, RU
Mosenka Park Towers Taganskaya Street 17-23 Building B, 11th Floor
Caesarea, IL
19 Alon Hatavor St., P.O.B 3600 Caesarea Industrial Park
Issy-les-Moulineaux, FR
50 Rue Camille Desmoulins
Farnborough, GB
250 Fowler Ave
Show all (17)

Harmonic Data and Metrics

Harmonic Financial Metrics

Harmonic's revenue was reported to be $82.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

82.9 m

Gross profit (Q1, 2017)

40.4 m

Gross profit margin (Q1, 2017), %

49%

Net income (Q1, 2017)

(24 m)

EBIT (Q1, 2017)

(21.2 m)

Market capitalization (22-Sep-2017)

241.8 m

Cash (31-Mar-2017)

55.3 m
Harmonic's current market capitalization is $241.8 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
USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017

Revenue

109.6 m108.1 m104 m103.1 m83.3 m81.8 m109.6 m101.4 m82.9 m

Cost of goods sold

59.8 m54.6 m49 m48.7 m37.1 m41.2 m58.5 m50 m42.5 m

Gross profit

49.8 m53.4 m55 m54.4 m46.2 m40.7 m51 m51.4 m40.4 m

Gross profit Margin, %

45%49%53%53%55%50%47%51%49%
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
USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017

Cash

59.2 m42 m79.7 m76 m61.6 m57 m51.5 m44.7 m55.3 m

Accounts Receivable

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

Inventories

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

Current Assets

275 m234.8 m243.1 m245.9 m226.6 m256.4 m247.9 m226.1 m192.4 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)
USDQ2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2016Q1, 2017

Net Income

(37.1 m)1.1 m(2.7 m)(994 k)(4.8 m)(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 m75.9 m76.1 m64.1 m95.5 m102.7 m99.1 m69.8 m

Inventories

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

Revenue/Employee

60.3 k

Financial Leverage

2.1 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

Traffic Overview of Harmonic

Harmonic Online and Social Media Presence

Harmonic News and Updates

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Harmonic Company Life and Culture

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