Harmonic Q3 revenue $127.2M down 18% YoY; GAAP EPS loss $0.06; Video business under strategic review

HARMONIC INC.

2023-Q3 EPS reported $0.00 revenue$440,815,000

Revenue $127.2M vs $155.7M YoY (-18%); Broadband $75.8M, Video $51.4M.
GAAP net loss $6.5M ($0.06 loss/share) vs net income $8.7M ($0.08 EPS) prior year.
Non-GAAP net income $0.0M ($0.00/share) vs $14.9M ($0.13) prior year; Adj. EBITDA $3.5M vs $21.2M.
Initiated strategic review of Video business; received indications of interest; no timetable set.
Video SaaS revenue up 42% YoY; cOS deployed with 104 customers serving 23.5M modems.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HARMONIC INC. reported preliminary financial results for the third quarter of 2023.

Period: the third quarter of 2023
Result: preliminary results

Exact text from the filing

On October 30, 2023, Harmonic Inc. ("Harmonic" or the “Company”) issued a press release regarding its preliminary unaudited financial results for the quarter ended September 29, 2023.

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Source: SEC EDGAR

accession 0000851310-23-000092

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