harmonic inc (HLIT) Key Developments
Harmonic Inc. Supplies Infrastructure Solution to Janam TV
May 19 15
Harmonic Inc. has supplied its infrastructure solution to Janam TV for its new news and entertainment channel in Thiruvananthapuram, Kerala, India. The broadcaster relies on the Harmonic Spectrum MediaCenter media server with integrated storage for ingest of content, including a number of bureau feeds acquired using the Harmonic Ellipse 3100 contribution encoder and ProView 7100 integrated receiver-decoder (IRD), stream processor
and trans coder. While the modular MediaCenter server provides flexible, reliable file-system and communication management at a compelling price point, the Ellipse and ProView systems serve as scalable, high-density and bandwidth-efficient video contribution solutions that ensure high video quality. In production, the Harmonic MediaGrid shared storage system makes content readily available to editors working with both Apple's Final Cut
Pro and Adobe editing software. Finished content is played out via the MediaCenter server and storage system under the control of Pebble Beach automation. The complete solution simplified the process of taking Janam TV programming to air and makes it easy for the broadcaster to scale up and launch additional channels in the future.
Harmonic Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 08:00 AM
May 6 15
Harmonic Inc. Presents at Jefferies 2015 Global Technology, Media and Telecom Conference, May-13-2015 08:00 AM. Venue: Mandarin Oriental Brickell, Miami, Florida, United States. Speakers: Carolyn V. Aver, Chief Financial Officer, Peter Alexander, Chief Marketing Officer and Senior Vice President.
Harmonic Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 3, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015
Apr 28 15
Harmonic Inc. reported unaudited consolidated earnings results for the first quarter ended April 3, 2015. For the quarter, the company reported net revenue of $104,016,000 against $108,032,000 a year ago. Income from operations was $13,000 against loss from operations of $7,222,000 a year ago. Loss before income taxes was $2,943,000 against $7,133,000 a year ago. Net loss was $2,657,000 or $0.03 per share basic and diluted against $5,410,000 against $0.06 per share basic and diluted a year ago. Net cash provided by operating activities was $2,028,000 against $11,245,000 a year ago. Purchases of property and equipment were $3,651,000 against $3,431,000 a year ago. Non-GAAP income from operations was $6,098,000 against $3,479,000 a year ago. Non-GAAP net income was $4,461,000 or $0.05 per diluted share against $2,820,000 or $0.03 per diluted share a year ago.
For the second quarter of 2015, the company expects net revenue in the range of $97 million to $107 million. GAAP gross margins in the range of 51.0% to 52.0%. Non-GAAP gross margin in the second quarter is expected to be in a range of 52% to 53% due to a slightly lower expected mix of software sales in Cable Edge segment, somewhat offset by a modest rebound in video revenue. The company anticipates non-GAAP tax rate for the second quarter to be 21% subject to domestic against international split.
The company anticipates non-GAAP tax rate for the full year to be 21%, subject to domestic against international split. The company believes this framework will provide meaningful year-over-year earnings growth through 2015 and beyond.
Harmonic Inc. to Report Q1, 2015 Results on Apr 28, 2015
Apr 26 15
Harmonic Inc. announced that they will report Q1, 2015 results After-Market on Apr 28, 2015
Harmonic Unveils Harmonic VMA for VOS Platform
Apr 21 15
Harmonic Inc. has unveiled the Harmonic Virtual Media API, or VMA, an open application control interface for broadcast automation control of its VOS virtualized media processing platform. The VMA, supported by the Electra XVM virtualized media processor and the Electra X family of advanced media processors, has been adopted by service providers and broadcast automation vendors, including Pebble Beach Systems, Dayang Technology Development Inc. and VJU. This VOS platform ecosystem creates a fully integrated, cloud-based playout, graphics and encoding solution that can be used by video content and service providers to create and deliver live linear channels to any device faster, with a lower TCO and amazing video quality. Harmonic's Polaris Advance channel playout automation system, originally integrated with its Spectrum media server family, will support Electra XVM and Electra X media processors. With the open VMA, video content and service providers can now choose between deploying a fully integrated and virtualizable solution for playout, graphics and encoding from Harmonic with Polaris Advance software or can select third-party automation solutions to control those capabilities.