HLIT Q2 2024 Earnings — Harmonic Inc. Revenue & Financial Results | Market Cap Arena

HLITHarmonic Inc.

$1B

Q2 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$139M-11.0% YoY

Gross Profit

$73M52.9% margin

Operating Income

-$16M-11.3% margin

Net Income

-$13M-9.0% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+13.7%

Cash Flow

Operating Cash Flow

-$22M

Free Cash Flow

-$24M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$714M

Total Liabilities

$321M

Stockholders' Equity

$393M

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$139M	$156M	-11.0%
Gross Profit	$73M	$85M	-13.5%
Operating Income	-$16M	$10M	-256.9%
Net Income	-$13M	$2M	-905.9%

Revenue Segments

Product

$87M63%

Support Services

$31M22%

SAAS

$14M10%

Professional Services

$7M5%

Geographic Segments

UNITED STATES

$101M73%

Non-US

$38M27%