HLIT Q1 2024 Earnings — Harmonic Inc. Revenue & Financial Results | Market Cap Arena

HLITHarmonic Inc.

$1B

Q1 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$122M-22.6% YoY

Gross Profit

$63M51.7% margin

Operating Income

-$10M-7.8% margin

Net Income

-$8M-6.6% margin

EPS (Diluted)

$-0.07

QoQ Revenue Growth

-27.0%

Cash Flow

Operating Cash Flow

$27M

Free Cash Flow

$25M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$741M

Total Liabilities

$332M

Stockholders' Equity

$409M

Cash & Equivalents

$84M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$122M	$158M	-22.6%
Gross Profit	$63M	$84M	-25.0%
Operating Income	-$10M	$11M	-185.2%
Net Income	-$8M	$5M	-258.8%

Revenue Segments

Product

$74M61%

Support Services

$28M23%

SAAS

$13M11%

Professional Services

$8M6%

Geographic Segments

UNITED STATES

$82M67%

Non-US

$40M33%