secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0000851310-24-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic Q2: Revenue $138.7M (down 11% YoY), GAAP net loss $12.5M; reaffirms FY guidance
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- Revenue of $138.7M, down 11% YoY but at high end of Q2 guidance; QoQ growth of 14%.
- GAAP net loss $12.5M ($0.11 loss per share) vs $1.6M income ($0.01 EPS) YoY; non-GAAP net income $9.3M ($0.08 EPS).
- Broadband revenue $92.9M (-4% YoY); Video revenue $45.8M (-22% YoY).
- Non-GAAP adjusted EBITDA $16.1M vs $21.1M YoY; cash $45.9M vs $71.0M YoY.
- Backlog and deferred revenue $613.1M (down QoQ); full-year Broadband and Video revenue guidance reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131024000069/0000851310-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131024000069/hlit-20240729.htm
  HTML page:      https://secwatch.observer/filing/0000851310-24-000069

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