secwatch / observer
8-K filed April 29, 2024, 7:59 PM ET ticker HLIT CIK 0000851310
other material confidence high sentiment negative materiality 0.75

Harmonic Q1 revenue down 23% YoY to $122.1M; Nimrod Ben-Natan to become CEO June 11, 2024

HARMONIC INC.

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Nimrod Ben-Natan

Chief Executive Officer
HLIT · HARMONIC INC.
Effective
2024-06-11
Filed
April 29, 2024, 7:59 PM ET
the previously announced appointment of Nimrod Ben-Natan as Chief Executive Officer (“CEO”) of Harmonic Inc. (the “Company”) to be effective as of June 11, 2024
Departed

Patrick Harshman

Chief Executive Officer
HLIT · HARMONIC INC.
Effective
2024-06-11
Successor
Nimrod Ben-Natan
Filed
April 29, 2024, 7:59 PM ET
the Company entered into a consulting agreement with Mr. Harshman (the “Harshman Consulting Agreement”), effective June 11, 2024, and ending on the one-year anniversary thereof, subject to any extension by mutual agreement between the parties.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HARMONIC INC. reported first quarter of 2024 results: revenue $122.1 million, net income GAAP net loss $8.1 million and non-GAAP net income of $0.4 million, EPS GAAP net loss per share of $0.07 and non-GAAP net income per share of $0.00. Guidance reaffirmed.

Period
first quarter of 2024
Revenue
$122.1 million
Net income
GAAP net loss $8.1 million and non-GAAP net income of $0.4 million
EPS
GAAP net loss per share of $0.07 and non-GAAP net income per share of $0.00
Guidance
reaffirmed
Result
reported results
Exact text from the filing
we are reaffirming our full year Broadband revenue guidance while increasing Video full year EBITDA guidance.” Q1 Financial and Business Highlights Financial • Revenue: $122.1 million, compared to $157.6 million in the prior year period ◦ Broadband segment revenue: $78.9 million, compared to $100.4 million in the prior year period ◦ Video segment revenue:
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Nimrod Ben-Natan was appointed as Chief Executive Officer at HARMONIC INC..

Action
appointed
Role
Chief Executive Officer
Exact text from the filing
the previously announced appointment of Nimrod Ben-Natan as Chief Executive Officer (“CEO”) of Harmonic Inc. (the “Company”) to be effective as of June 11, 2024
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.9

Patrick Harshman changed role as Chief Executive Officer at HARMONIC INC..

Action
transitioned
Role
Chief Executive Officer
Exact text from the filing
the Company entered into a consulting agreement with Mr. Harshman (the “Harshman Consulting Agreement”), effective June 11, 2024, and ending on the one-year anniversary thereof, subject to any extension by mutual agreement between the parties.
View on SEC.gov

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

HARMONIC INC. filing history →

Source: SEC EDGAR
accession 0000851310-24-000040
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