Red Hat OpenShift CNF Certification Elevates Reliability and Security Capabilities for VOS Media Software Deployments in Data Centers SAN JOSE, Calif., April 12, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that the company's VOS® Media Software is a validated cloud-native network function (CNF) on the Red Hat OpenShift. Media companies and service providers can now deploy any video streaming and broadcast workflows powered by VOS Media Software with the outstanding reliability, simplified o ...

Managed by Totaltel, Harmonic's VOS360 Media SaaS Delivers Unmatched Efficiency and Reliability in Cloud Playout SAN JOSE, Calif., April 11, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced the successful implementation of its cloud-native VOS®360 Media SaaS for Chilean content provider Filmocentro, significantly optimizing playout and primary distribution operations. Partnering closely with Chilean telecommunications supplier Totaltel, Harmonic has enabled Filmocentro to achieve unparalleled ef ...

SAN JOSE, Calif., April 9, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will host a conference call on Thursday, April 11, 2024 at 1:30 p.m. PT to discuss recent company announcements. To participate via telephone, please register in advance using this link,https://register.vevent.com/register/BI7c5189f64d0643b186ec2565e8edd2b5. Upon registration, telephone participants will receive a confirmation email detailing how to join the audio version of the webcast, including the dial-in number a ...

Nimrod Ben-Natan to Succeed Patrick Harshman as President & CEO, Effective June 11, 2024 Concludes Video Business Strategic Review Process Updates First Quarter 2024 Revenue Guidance SAN JOSE, Calif., April 8, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Patrick Harshman will retire as President and Chief Executive Officer, effective June 11, 2024. Nimrod Ben-Natan, currently Senior Vice President and General Manager of Harmonic's Broadband business, has been appointed as Mr. Harshman' ...

Table of Contents 2023 Annual Report Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________ Form 10-K _______________________________________________________ (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-25826 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 000-25826 _____________________________________________________ HARMONIC INC. (Exact name of registra ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2023 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 000-25826 _____________________________________________________ HARMONIC INC. (Exact name of registr ...

Harmonic Inc. (NASDAQ:HLIT) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants David Hanover - IR Patrick Harshman - President and CEO Jeremy Rosenberg - Interim CFO Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Tim Long - Barclays Tim Savageaux - Northland Capital Markets George Notter - Jefferies Operator Welcome to the Q1 2023 Harmonic Earnings Conference Call. My name is Latif [ph] and I will be your opera ...

Financial Performance - Total net revenue for the year ended December 31, 2022, was $624,957,000, representing a 23% increase from $507,149,000 in 2021[208] - Net income for 2022 was $28.18 million, compared to a net income of $13.25 million in 2021, representing a 112.9% increase[276] - Total comprehensive income for 2022 was $21.77 million, compared to $4.13 million in 2021, indicating a significant improvement[279] - Total assets as of December 31, 2022, were $710.02 million, a slight increase from $693.69 million in 2021[274] - Total stockholders' equity increased to $324.51 million in 2022, compared to $295.91 million in 2021, marking a 9.7% growth[274] Revenue Breakdown - Appliance and integration revenue increased by 28% to $473,806,000 in 2022, while SaaS and service revenue grew by 10% to $151,151,000[208] - Revenue from the Americas increased by 35% to $452,869,000 in 2022, driven by the penetration of existing Broadband customers and new deployments[208] - EMEA revenue grew by 5% to $133,095,000, primarily due to the expansion of customer deployments in the Broadband segment[210] - APAC revenue decreased by 13% to $38,993,000, mainly due to reduced sales of Video Appliance products[210] - Video segment revenue decreased by 5% to $274.2 million in 2022, while Broadband segment revenue increased by 60% to $350.8 million[224][226] Expenses - Gross profit for 2022 was $315,884,000, with a gross margin of 50.5%, slightly down from 51.2% in 2021[211] - Research and development expenses rose to $120,307,000 in 2022, an 18% increase compared to $102,231,000 in 2021, accounting for 19% of total net revenue[213] - Selling, general and administrative expenses rose to $146.7 million in 2022, a 6% increase from $138.1 million in 2021, representing 23% of total net revenue[215] - Total restructuring and related charges increased to $3.9 million in 2022, a 469% increase from $681,000 in 2021, primarily due to higher severance and employee benefit costs[218][219] Cash Flow and Investments - Net cash provided by operating activities decreased by $35.5 million in 2022, totaling $5.476 million compared to $41.017 million in 2021[235] - Net cash used in investing activities decreased by $11.7 million in 2022, primarily due to proceeds from the sale of an investment in Encoding.com[237] - Net cash used in financing activities increased by $51.1 million in 2022, mainly due to the repayment of $37.7 million principal of the 2022 Notes[238] - The company recorded net billings in foreign currencies of approximately 15% of total company billings in 2022, down from 18% in 2021[241] Debt and Financing - As of December 31, 2022, the company had $131.4 million in outstanding indebtedness, with $4.8 million due in the next nine months[229] - The company authorized a share repurchase program of up to $100 million, with approximately $94.9 million remaining available as of December 31, 2022[230] - The Company has $115.5 million in 2.00% Convertible Senior Notes due September 1, 2024, with a carrying amount of $113.981 million as of December 31, 2022[372] - The Company entered into a Credit Agreement with a revolving loan facility of up to $25.0 million, with no borrowings outstanding as of December 31, 2022[380] Shareholder Equity and Compensation - The weighted average diluted shares outstanding increased to 112.38 million in 2022 from 106.17 million in 2021[276] - The intrinsic value of stock options exercised in 2022 was $3.9 million, compared to $2.1 million in 2021 and $0.2 million in 2020[385] - Total share-based compensation expense for 2022 was $25.2 million, an increase from $24.1 million in 2021 and $18.0 million in 2020[389] - As of December 31, 2022, total unrecognized share-based compensation cost related to unvested RSUs was $19.7 million, expected to be recognized over approximately 1.4 years[389] Economic Outlook and Challenges - The company anticipates continued challenges from high inflation and potential economic disruptions affecting customer spending patterns[198] - The company expects fluctuations in cash provided by operating activities due to various macroeconomic factors, including COVID-19 and the Russia-Ukraine conflict[236]

January 30, 2023 FORWARD-LOOKING STATEMENTS harmonic. FOURTH QUARTER 2022 EARNINGS CONFERENCE CALL ©2023 Harmonic Inc. All rights reserved worldwide. 1 Q4 2022 HIGHLIGHTS Corporate Broadband Video Strong Market Momentum and Execution ©2023 Harmonic Inc. All rights reserved worldwide. 3 | --- | --- | |-------|-------------------------------------------------------------------| | | | | | EXCELLENT Q4 RESULTS | | | • Revenue $96.0 million, up 4% sequentially, 38% year over year | | | • Gross margin 47.6%, adju ...