secwatch.observer — SEC 8-K summary
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Issuer:     HARMONIC INC. (HLIT)
CIK:        0000851310
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0000851310-24-000084
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harmonic reports record Q3 revenue of $195.8M, up 54% YoY; GAAP EPS $0.19
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- Revenue $195.8M (+54% YoY); broadband segment $145.3M (+92% YoY); video $50.4M (-2% YoY but profitable).
- GAAP net income $21.7M vs loss of $6.5M YoY; GAAP diluted EPS $0.19 vs -$0.06.
- Non-GAAP net income $29.9M ($0.26 EPS) vs $0.0M ($0.00 EPS) YoY; adjusted EBITDA $43.4M vs $3.5M.
- Backlog and deferred revenue $584.7M; cash $58.2M; cOS deployed with 121 customers covering 32M modems.
- Comcast and Harmonic demonstrated first Unified DOCSIS 4.0 and fiber solution; 7 new broadband customers added.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/851310/000085131024000084/0000851310-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/851310/000085131024000084/hlit-20241028.htm
  HTML page:      https://secwatch.observer/filing/0000851310-24-000084

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