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Harmonic Inc. (HLIT) Q4 2023 Earnings Call Transcript
Harmonic Inc. (HLIT) Q4 2023 Earnings Call Transcript
Harmonic (HLIT) Beats Q4 Earnings and Revenue Estimates
Harmonic (HLIT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.17 per share a year ago.
Harmonic: Upcoming Report Worthwhile To Be Bullish On
Harmonic is down from its high of $18 per share but still has growth potential in its SaaS segment. HLIT operates in the SaaS market, which is expected to reach $408 billion by 2025, and HLIT has a target market of $1.3 billion. HLIT's Q4 revenues are expected to be $45-$55 million, and the company is aiming for revenues of $620 million for FY2024.
Harmonic Announces Reporting Date for Fourth Quarter and Full Year 2023 Results
SAN JOSE, Calif. , Jan. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its fourth quarter and full year 2023 financial results after the market close on Monday, January 29, 2024.
Harmonic (HLIT) Augments Liquidity With New Credit Facility
The new credit facility augments Harmonic's (HLIT) liquidity and enables it to better focus on its multi-year growth plan.
Harmonic to Participate in Upcoming December 2023 Investor Conferences
SAN JOSE, Calif. , Nov. 21, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, CFO of Harmonic, will participate in a fireside chat at the Raymond James 2023 TMT and Consumer Conference in New York on December 4 at 11:15 a.m.
Harmonic Inc. (HLIT) Q3 2023 Earnings Call Transcript
Harmonic Inc. (NASDAQ:HLIT ) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Company Participants David Hanover - IR Patrick Harshman - President and CEO Walter Jankovic - CFO Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham and Company Steven Frankel - Rosenblatt George Notter - Jefferies Tim Savageaux - Northland Capital Markets Operator Welcome to the Third Quarter 2023 Harmonic Earnings Conference Call. My name is Carmen and I'll be your operator for today's call.
Why Calix Stock Is Plummeting Today
The third-quarter numbers Calix reported after the bell Monday were generally quite good. The midpoint of its revenue guidance range for Q4 missed the analysts' consensus estimate.
Harmonic Announces Reporting Date for Third Quarter 2023 Results
SAN JOSE, Calif. , Oct. 16, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its third quarter 2023 financial results after the market close on Monday, October 30, 2023.
Harmonic (HLIT) Moves 7.9% Higher: Will This Strength Last?
Harmonic (HLIT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
HLIT Financial details
HLIT Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 4.5 | 3.91 | 5 | 5.56 | 5.44 | |
Net income per share | -0.07 | -0.3 | 0.13 | 0.25 | 0.75 | |
Operating cash flow per share | 0.35 | 0.4 | 0.4 | 0.05 | 0.06 | |
Free cash flow per share | 0.23 | 0.07 | 0.28 | -0.03 | -0.01 | |
Cash per share | 1.04 | 1.02 | 1.31 | 0.8 | 0.75 | |
Book value per share | 2.85 | 2.66 | 2.92 | 2.89 | 3.91 | |
Tangible book value per share | 0.12 | 0.15 | 0.56 | 0.77 | 1.77 | |
Share holders equity per share | 2.85 | 2.66 | 2.92 | 2.89 | 3.91 | |
Interest debt per share | 1.8 | 1.68 | 1.98 | 1.48 | 1.25 | |
Market cap | 698.69M | 716.62M | 1.19B | 1.47B | 1.46B | |
Enterprise value | 754.86M | 769.33M | 1.25B | 1.54B | 1.53B | |
P/E ratio | -117.94 | -24.48 | 90.04 | 52.24 | 17.33 | |
Price to sales ratio | 1.73 | 1.89 | 2.35 | 2.36 | 2.39 | |
POCF ratio | 22.33 | 18.3 | 29.1 | 268.84 | 206.25 | |
PFCF ratio | 33.32 | 102.99 | 42.56 | -390.08 | -1.03K | |
P/B Ratio | 2.74 | 2.77 | 4.02 | 4.54 | 3.33 | |
PTB ratio | 2.74 | 2.77 | 4.02 | 4.54 | 3.33 | |
EV to sales | 1.87 | 2.03 | 2.47 | 2.47 | 2.51 | |
Enterprise value over EBITDA | 22.54 | 164.28 | 38.28 | 23.7 | 42.53 | |
EV to operating cash flow | 24.12 | 19.64 | 30.48 | 281.84 | 216.42 | |
EV to free cash flow | 36 | 110.57 | 44.58 | -408.94 | -1.08K | |
Earnings yield | -0.01 | -0.04 | 0.01 | 0.02 | 0.06 | |
Free cash flow yield | 0.03 | 0.01 | 0.02 | 0 | 0 | |
Debt to equity | 0.59 | 0.59 | 0.64 | 0.5 | 0.31 | |
Debt to assets | 0.25 | 0.26 | 0.27 | 0.23 | 0.18 | |
Net debt to EBITDA | 1.68 | 11.26 | 1.74 | 1.09 | 2 | |
Current ratio | 1.69 | 1.62 | 1.44 | 1.08 | 1.21 | |
Interest coverage | 1.12 | -0.96 | 1.77 | 9.03 | 8.78 | |
Income quality | -5.28 | -1.34 | 3.09 | 0.19 | 0.08 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | -0.25 | -0.06 | 0.16 | 0 | 0.05 | |
Sales general and administrative to revenue | 0.29 | 0.31 | 0.27 | 0.23 | 0 | |
Research and developement to revenue | 0.21 | 0.22 | 0.2 | 0.19 | 0.19 | |
Intangibles to total assets | 0.42 | 0.41 | 0.35 | 0.33 | 0.31 | |
Capex to operating cash flow | -0.33 | -0.82 | -0.32 | -1.69 | -1.2 | |
Capex to revenue | -0.03 | -0.09 | -0.03 | -0.01 | -0.01 | |
Capex to depreciation | -0.53 | -2.05 | -0.99 | -0.75 | -0.69 | |
Stock based compensation to revenue | 0.03 | 0.05 | 0.05 | 0.04 | 0.04 | |
Graham number | 2.06 | 4.25 | 2.93 | 4.04 | 8.14 | |
ROIC | 0.03 | -0.03 | 0.05 | 0.06 | 0.18 | |
Return on tangible assets | -0.02 | -0.08 | 0.03 | 0.06 | 0.16 | |
Graham Net | -1.77 | -1.73 | -1.59 | -1.37 | -0.85 | |
Working capital | 102.84M | 90.74M | 98.67M | 25.62M | 56.46M | |
Tangible asset value | 10.62M | 14.12M | 56.58M | 86.77M | 197.72M | |
Net current asset value | -81.11M | -95.19M | -73.76M | -37.82M | -2.48M | |
Invested capital | 0.59 | 0.59 | 0.64 | 0.5 | 0.31 | |
Average receivables | 85.15M | 77.36M | 77.38M | 98.48M | 127.37M | |
Average payables | 37.36M | 32.24M | 43.99M | 65.94M | 53.01M | |
Average inventory | 27.34M | 32.04M | 53.11M | 96.07M | 102.47M | |
Days sales outstanding | 80.18 | 63.81 | 63.72 | 63.33 | 87.84 | |
Days payables outstanding | 83.07 | 46.74 | 95.05 | 79.66 | 45.86 | |
Days of inventory on hand | 58.94 | 69.55 | 105.03 | 142.83 | 99.87 | |
Receivables turnover | 4.55 | 5.72 | 5.73 | 5.76 | 4.16 | |
Payables turnover | 4.39 | 7.81 | 3.84 | 4.58 | 7.96 | |
Inventory turnover | 6.19 | 5.25 | 3.48 | 2.56 | 3.65 | |
ROE | -0.02 | -0.11 | 0.04 | 0.09 | 0.19 | |
Capex per share | -0.12 | -0.33 | -0.13 | -0.08 | -0.08 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-29 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 1.4 | 1.34 | 1.31 | 1.18 | 1.49 | |
Net income per share | 0.05 | 0.04 | 0.01 | -0.06 | 0.75 | |
Operating cash flow per share | 0.16 | 0.05 | -0.14 | 0.1 | 0.06 | |
Free cash flow per share | 0.15 | 0.03 | -0.15 | 0.08 | 0.03 | |
Cash per share | 0.76 | 0.77 | 0.6 | 0.76 | 0.75 | |
Book value per share | 2.77 | 2.85 | 2.87 | 3.15 | 3.89 | |
Tangible book value per share | 0.74 | 0.83 | 0.87 | 0.96 | 1.76 | |
Share holders equity per share | 2.77 | 2.85 | 2.87 | 3.15 | 3.89 | |
Interest debt per share | 1.38 | 1.36 | 1.33 | 1.45 | 1.23 | |
Market cap | 1.54B | 1.72B | 1.93B | 1.04B | 1.46B | |
Enterprise value | 1.61B | 1.79B | 2.02B | 1.12B | 1.54B | |
P/E ratio | 62.66 | 84.34 | 310.02 | -40.13 | 4.37 | |
Price to sales ratio | 9.35 | 10.9 | 12.36 | 8.2 | 8.76 | |
POCF ratio | 79.41 | 274.02 | -116.71 | 94.39 | 233.65 | |
PFCF ratio | 87.86 | 436.17 | -106.99 | 114.2 | 413.53 | |
P/B Ratio | 4.74 | 5.12 | 5.63 | 3.06 | 3.35 | |
PTB ratio | 4.74 | 5.12 | 5.63 | 3.06 | 3.35 | |
EV to sales | 9.78 | 11.34 | 12.92 | 8.83 | 9.19 | |
Enterprise value over EBITDA | 78.41 | 127.65 | 156.41 | -252.6 | 121.11 | |
EV to operating cash flow | 83.09 | 285.02 | -121.98 | 101.67 | 245.11 | |
EV to free cash flow | 91.93 | 453.68 | -111.81 | 123.01 | 433.8 | |
Earnings yield | 0 | 0 | 0 | -0.01 | 0.06 | |
Free cash flow yield | 0.01 | 0 | -0.01 | 0.01 | 0 | |
Debt to equity | 0.5 | 0.48 | 0.46 | 0.46 | 0.31 | |
Debt to assets | 0.23 | 0.23 | 0.23 | 0.23 | 0.18 | |
Net debt to EBITDA | 3.47 | 4.93 | 6.75 | -18.08 | 5.66 | |
Current ratio | 1.08 | 1.11 | 1.15 | 1.2 | 1.21 | |
Interest coverage | 17.74 | 15.84 | 12.45 | -13.9 | 16.82 | |
Income quality | 3.16 | 1.23 | -10.63 | -1.7 | 0.07 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0.21 | 1.25 | 1.78 | 0 | 0 | |
Sales general and administrative to revenue | 0.22 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0.19 | 0.21 | 0.21 | 0.24 | 0.16 | |
Intangibles to total assets | 0.33 | 0.34 | 0.35 | 0.35 | 0.31 | |
Capex to operating cash flow | -0.1 | -0.37 | 0.09 | -0.17 | -0.43 | |
Capex to revenue | -0.01 | -0.01 | -0.01 | -0.02 | -0.02 | |
Capex to depreciation | -0.61 | -0.77 | -0.49 | -0.62 | -0.89 | |
Stock based compensation to revenue | 0.03 | 0.05 | 0.04 | 0.06 | 0.04 | |
Graham number | 1.8 | 1.67 | 0.92 | 2.06 | 8.08 | |
ROIC | 0.01 | 0.01 | 0 | -0.01 | 0.15 | |
Return on tangible assets | 0.01 | 0.01 | 0 | -0.01 | 0.16 | |
Graham Net | -1.31 | -1.23 | -1.09 | -1.08 | -0.85 | |
Working capital | 25.62M | 32.21M | 43.83M | 53.92M | 56.46M | |
Tangible asset value | 86.77M | 97.35M | 104.09M | 103.64M | 197.72M | |
Net current asset value | -37.82M | -29.92M | -16.04M | -3.87M | -2.48M | |
Invested capital | 0.5 | 0.48 | 0.46 | 0.46 | 0.31 | |
Average receivables | 107M | 98.28M | 103.67M | 114.77M | 128.32M | |
Average payables | 64.17M | 61.43M | 46.26M | 42.12M | 42.84M | |
Average inventory | 109.99M | 126.3M | 122.61M | 108.67M | 93.87M | |
Days sales outstanding | 59.38 | 50.32 | 68.79 | 78.07 | 78.8 | |
Days payables outstanding | 77.2 | 67.75 | 47.02 | 64.73 | 39.29 | |
Days of inventory on hand | 138.43 | 160.99 | 143.94 | 142.51 | 85.57 | |
Receivables turnover | 1.52 | 1.79 | 1.31 | 1.15 | 1.14 | |
Payables turnover | 1.17 | 1.33 | 1.91 | 1.39 | 2.29 | |
Inventory turnover | 0.65 | 0.56 | 0.63 | 0.63 | 1.05 | |
ROE | 0.02 | 0.02 | 0 | -0.02 | 0.19 | |
Capex per share | -0.02 | -0.02 | -0.01 | -0.02 | -0.02 |
HLIT Frequently Asked Questions
What is Harmonic Inc. stock symbol ?
Harmonic Inc. is a US stock , located in San jose of Ca and trading under the symbol HLIT
Is Harmonic Inc. buy or a sell ?
7 stock analysts have 7 predictions with a medium analyst target price of $16.86. The lowest prediction is $13 and the highest is $20
What is HLIT stock prediction ?
What is Harmonic Inc. stock quote today ?
Harmonic Inc. stock price is $13.375 today.
Is Harmonic Inc. stock public?
Yes, Harmonic Inc. is a publicly traded company.