secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000851310-23-000092
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131023000092/0000851310-23-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131023000092/hlit-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000851310-23-000092

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