secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2022-01-31T23:59:59+00:00
Accession:  0000851310-22-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic Q4 record revenue $155.8M (+18% YoY); non-GAAP EPS $0.16 vs $0.20 prior
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- Revenue $155.8M record, +18% YoY; Cable Access $69.7M (+53%), Video flat at $86.1M.
- GAAP net income $19.9M ($0.18 EPS), non-GAAP $17.6M ($0.16 EPS) vs $20.0M ($0.20) YoY.
- Gross margin GAAP 50.0% (vs 54.4%); Cable Access gross margin fell to 40.3% from 53.7%.
- CableOS deployments 73 customers (+66%) and 4.8M modems (+82%); backlog & deferred revenue $441M (+52%).
- Cash $133.4M, up $34.8M YoY; adjusted EBITDA $23.8M vs $26.4M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131022000004/0000851310-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131022000004/hlit-20220131.htm
  HTML page:      https://secwatch.observer/filing/0000851310-22-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer