HARMONIC INC

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

HLIT$10.23+7.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

(In thousands, except per share data)

	Year Ended December 31,
	2023	2022	2021
Revenue:
Appliance and integration	$435,878	$473,806	$369,767
SaaS and service	172,029	151,151	137,382
Total net revenue	607,907	624,957	507,149
Cost of revenue:
Appliance and integration	236,773	259,027	195,445
SaaS and service	58,589	50,046	51,962
Total cost of revenue	295,362	309,073	247,407
Total gross profit	312,545	315,884	259,742
Operating expenses:
Research and development	126,282	120,307	102,231
Selling, general and administrative	163,282	146,717	138,085
Amortization of intangibles	—	—	507
Restructuring and related charges	809	3,341	110
Total operating expenses	290,373	270,365	240,933
Income from operations	22,172	45,519	18,809
Interest expense, net	(2,696)	(5,040)	(10,625)
Other income (expense), net	(335)	4,006	687
Income before income taxes	19,141	44,485	8,871
Provision for (benefit from) income taxes	(64,853)	16,303	(4,383)
Net income	$83,994	$28,182	$13,254
Net income per share:
Basic	$0.75	$0.27	$0.13
Diluted	$0.72	$0.25	$0.12
Weighted average common shares:
Basic	111,651	105,080	101,484
Diluted	117,359	112,378	106,171

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.