HLIT Q2 2023 Earnings — Harmonic Inc. Revenue & Financial Results | Market Cap Arena

HLITHarmonic Inc.

$1B

Q2 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$156M-0.9% YoY

Gross Profit

$85M54.5% margin

Operating Income

$10M6.4% margin

Net Income

$2M1.0% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-1.1%

Cash Flow

Operating Cash Flow

-$17M

Free Cash Flow

-$18M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$690M

Total Liabilities

$348M

Stockholders' Equity

$343M

Cash & Equivalents

$71M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$156M	$157M	-0.9%
Gross Profit	$85M	$82M	+3.1%
Operating Income	$10M	$15M	-33.9%
Net Income	$2M	$15M	-89.5%

Revenue Segments

Appliance & Integration

$111M71%

SaaS & Service

$45M29%

Geographic Segments

UNITED STATES

$102M65%

Non-US

$54M35%