Harmonic Q4 revenue record $167.1M; broadband up 20% YoY, backlog grows 43%

HARMONIC INC.

2023-FY EPS reported $0.72 revenue$607,907,000

Total revenue $167.1M, record quarterly; GAAP net income $83.8M ($0.72 EPS), non-GAAP EPS $0.13.
Broadband segment revenue $115.2M (+20% YoY); Video segment $51.9M (-24% YoY).
Backlog and deferred revenue $653.2M, up from $457.1M a year ago; bookings $196.5M.
Video strategic review ongoing; no definitive agreement; guiding video conservatively for 2024.
Non-GAAP adjusted EBITDA $21.7M, down from $26.6M; cash $84.3M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HARMONIC INC. reported Q4 2023 results: net income $14.7 million, EPS $0.13.

Period: Q4 2023
Net income: $14.7 million
EPS: $0.13
Result: preliminary results

Exact text from the filing

Act”), or under the Exchange Act. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE Harmonic Announces Fourth Quarter and Fiscal 2023 Results Record quarterly total revenue of $167.1 million, up 31% quarter over quarter Broadband revenue up 20% and Video SaaS revenue up 26% year over year SAN JOSE, California, January 29, 2024 - Harmonic Inc. (NASDAQ: HLIT) today

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HARMONIC INC. reported Q4 2023 results: net income $14.7 million, EPS $0.13.

Period: Q4 2023
Net income: $14.7 million
EPS: $0.13
Result: preliminary results

Exact text from the filing

Net income (loss) $ 83.8 $ (6.5) $ 6.1 $ 14.7 $ — $ 19.9 Net income (loss) per share $ 0.72 $ (0.06) $ 0.05 $ 0.13 $ 0.00 $ 0.17

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59 earnings releases filed in the last 30 days. Browse all earnings releases →

HARMONIC INC. filing history →

Source: SEC EDGAR

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