PR Newswire
SAN JOSE, Calif., April 30, 2018
SAN JOSE, Calif., April 30, 2018 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery technology and services, today announced its unaudited results for the first quarter of 2018.
"We continue to execute on our strategic initiatives, evidenced by 17% year over year gross profit expansion," said Patrick Harshman, president and chief executive officer of Harmonic. "Our CableOS program continues to gain momentum, delivering 37% sequential revenue growth and a major new Tier 1 customer contract. Our Video segment has been profitable for three consecutive quarters, as gross margin expanded to 57.5% in the current quarter, driven by our ongoing transition to software and SaaS."
Q1 Financial and Business Highlights
Select Financial Information
| | GAAP | | Non-GAAP | ||||||||||||||||||||
Key Financial Results | | Q1 2018 | | Q4 2017 | | Q1 2017 | | Q1 2018 | | Q4 2017 | | Q1 2017 | ||||||||||||
| | (in millions, except per share data) | ||||||||||||||||||||||
Net revenue | | $ | 90.1 | | | $ | 101.0 | | | $ | 82.9 | | | $ | 90.2 | | | $ | 101.1 | | | $ | 83.5 | |
Net loss | | $ | (13.7) | | | $ | (11.8) | | | $ | (24.0) | | | $ | (1.1) | | | $ | (0.4) | | | $ | (11.2) | |
Diluted EPS | | $ | (0.16) | | | $ | (0.14) | | | $ | (0.30) | | | $ | (0.01) | | | $ 0.00 | | $ | (0.14) | | ||
| | | | | | | | | | | | | ||||||||||||
Other Financial Information | Q1 2018 | | Q4 2017 | | Q1 2017 | |||||||||||||||||||
| (in millions) | |||||||||||||||||||||||
Bookings for the quarter | $ | 102.6 | | | $ | 122.9 | | | $ | 82.1 | | |||||||||||||
Backlog and deferred revenue as of quarter end | $ | 224.4 | | | $ | 224.4 | | | $ | 184.2 | | |||||||||||||
Cash as of quarter end | $ | 52.0 | | | $ | 57.0 | | | $ | 55.3 | |
Explanations regarding our use of non-GAAP financial measures and related definitions, and reconciliations of our GAAP and non-GAAP measures, are provided in the sections below entitled "Use of Non-GAAP Financial Measures" and "GAAP to Non-GAAP Reconciliations".
Q2 Financial Guidance and Outlook for 2018
GAAP Financial Guidance | | Q2 2018 | | 2018 | |||||||||||||
| Low | | High | | Low | | High | ||||||||||
| | | (in millions, except percentages and per share data) | ||||||||||||||
Net Revenue | | $ | 88.0 | | | $ | 98.0 | | | $ | 375.0 | | | $ | 425.0 Werbung Mehr Nachrichten zur Harmonic Aktie kostenlos abonnieren
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