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 ...

Harmonic Inc. (NASDAQ:HLIT) Q4 2022 Earnings Conference Call January 30, 2023 5:00 PM ET Company Participants David Hanover - Investor Relations Patrick Harshman - President and Chief Executive Officer Sanjay Kalra - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Steve Frankel - Rosenblatt Tim Long - Barclays Ryan Koontz - Needham & Company Tim Savageaux - Northland George Notter - Jefferies Operator Welcome to the Q4 and Full Year 2022 Harmonic Earnings Conference Call. ...

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 September 30, 2022 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Delaware 77-0201147 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification N ...

Harmonic Inc. (NASDAQ:HLIT) Q3 2022 Earnings Conference Call October 31, 2022 5:00 PM ET Company Participants David Hanover - IR Sanjay Kalra - CFO Patrick Harshman - President and CEO Conference Call Participants Ryan Koontz - Needham Simon Leopold - Raymond James Steven Frankel - Rosenblatt Securities Tim Savageaux - Northland Capital Markets George Notter - Jefferies Operator Welcome to the Q3 2022 Harmonic Earnings Conference Call. My name is Jonathan, and I will be your operator for today's call. [Oper ...

Harmonic, Inc. (NASDAQ:HLIT) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants David Hanover - IR Sanjay Kalra - SVP & CFO Patrick Harshman - President, CEO & Director Conference Call Participants Simon Leopold - Raymond James & Associates Ryan Koontz - Needham & Company Timothy Savageaux - Northland Capital Markets Kyle McNealy - Jefferies Operator Welcome to the Q2 2022 Harmonic Earnings Conference Call. My name is Kevin, and I'll be your operator for today. At this time, all ...