HLIT Q3 2023 Earnings — Harmonic Inc. Revenue & Financial Results | Market Cap Arena

HLITHarmonic Inc.

$1B

Q3 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$127M-18.3% YoY

Gross Profit

$62M48.5% margin

Operating Income

-$9M-6.8% margin

Net Income

-$6M-5.1% margin

EPS (Diluted)

$-0.06

QoQ Revenue Growth

-18.4%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$9M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$674M

Total Liabilities

$333M

Stockholders' Equity

$341M

Cash & Equivalents

$76M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$127M	$156M	-18.3%
Gross Profit	$62M	$79M	-21.5%
Operating Income	-$9M	$11M	-175.3%
Net Income	-$6M	$9M	-174.3%

Revenue Segments

Broadband

$76M60%

Video

$51M40%

Geographic Segments

UNITED STATES

$81M63%

Non-US

$47M37%