HLIT Q1 2023 Earnings — Harmonic Inc. Revenue & Financial Results | Market Cap Arena

HLITHarmonic Inc.

$1B

Q1 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$158M+6.9% YoY

Gross Profit

$84M53.3% margin

Operating Income

$11M7.1% margin

Net Income

$5M3.2% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$4M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$704M

Total Liabilities

$368M

Stockholders' Equity

$336M

Cash & Equivalents

$91M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$158M	$147M	+6.9%
Gross Profit	$84M	$69M	+21.5%
Operating Income	$11M	$3M	+340.9%
Net Income	$5M	-$2M	+433.1%

Revenue Segments

Appliance & Integration

$115M73%

SaaS & Service

$43M27%

Geographic Segments

UNITED STATES

$106M67%

Non-US

$52M33%