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Harmonic Inc (NASDAQ: HLIT) is a global leader in video delivery technology and services, enabling media companies and service providers to offer high-quality broadcast and OTT video services worldwide. The company has also pioneered cable access networking with the industry’s first virtualized CCAP solution, allowing cable operators to deploy gigabit internet services to homes and mobile devices more flexibly.
Harmonic operates in two primary segments: Video and Broadband. The Video segment provides video processing, production, and playout solutions to a range of clients including cable operators, satellite providers, and telecommunications companies. The Broadband segment focuses on broadband access solutions and related services, with most of the company's revenue coming from the United States.
Recent achievements include showcasing AI-powered innovations at the 2024 NAB Show, emphasizing live sports streaming, targeted advertising, and broadcast distribution. Harmonic's VOS®360 portfolio, XOS media processor, and Spectrum™ X media server are leading the charge in enabling broadcasters and service providers to unlock new monetization opportunities and improve streaming experiences.
In corporate developments, Patrick Harshman announced his retirement as CEO effective June 2024, with Nimrod Ben-Natan set to succeed him. Ben-Natan has been instrumental in the development and deployment of the Company’s virtualized broadband technology. Harmonic's strategic direction includes a focus on profitable growth for its Video business and innovative advancements in broadband services, as demonstrated by its new Beacon intelligent speed maximizer application.
Harmonic continues to drive innovation in broadband and video delivery solutions, featuring its market-leading cOS™ platform, which supports over 28 million homes globally. The company aims to enhance user experience and optimize monetization strategies for live and on-demand content on every screen.
Viaccess-Orca and Harmonic have announced a strategic partnership to enhance content protection for live sports streaming by integrating VO's dynamic watermarking technology with Harmonic's VOS360 cloud SaaS platform. This collaboration aims to empower content owners to swiftly identify piracy sources and mitigate content restreaming. The technology allows for real-time detection, enabling operators to pinpoint piracy within minutes. The integration will be showcased at IBC2022 from Sept. 9-12.
Harmonic (NASDAQ: HLIT) will host a Virtual Analyst Day on September 15, 2022, at 9:30 AM PT to discuss its Video and Cable Access business segments. The event will include presentations from the executive team, highlighting strategic visions, growth drivers, and investment initiatives, followed by a Q&A session. A live video webcast will be available on the company's website, with an archived version accessible for 90 days post-event.
Harmonic (NASDAQ: HLIT) announced its VOS®360 SaaS platform is now available on Google Cloud, enhancing offerings for media and entertainment businesses. This partnership promises improved agility, resiliency, security, and scalability, essential for delivering superior video streaming experiences. The VOS360 platform simplifies media processing and supports the creation and delivery of content, enabling operators to effectively manage content with real-time control. The announcement was made on August 30, 2022, and Harmonic will showcase its innovations at IBC2022.
Harmonic (NASDAQ: HLIT) and NAGRA have launched a new watermarking-as-a-service solution to enhance content protection for live sports streaming. This integration of NAGRA NexGuard forensic watermarking with Harmonic’s VOS®360 cloud SaaS platform aims to combat rising piracy rates during live events. The solution provides an automated, scalable, and event-based approach to safeguard premium content, enabling content owners to identify leaks effectively. Harmonic's platform is recognized for delivering high-quality video at scale, supporting numerous live events monthly.
Harmonic, a leader in video delivery solutions, announced its participation at IBC2022 to showcase new cloud-native innovations aimed at enhancing media and entertainment services. Key features include the VOS®360 SaaS platform for live sports streaming and targeted advertising, along with advanced broadcast efficiencies. The company is collaborating with industry giants like Microsoft Azure and AWS for cloud support, and plans to demonstrate applications that optimize revenue streams through advanced target advertising. Upcoming sessions will also address technical innovations in video coding.
Harmonic Inc. (NASDAQ: HLIT) reported a record revenue of $157.4 million for Q2 2022, marking a 39% year-over-year increase. The Cable Access segment grew by 62% to $81.2 million, and Video SaaS revenue surged 69% to $76.2 million. The company achieved adjusted EBITDA of $24.3 million, up from $9.5 million a year prior. Despite strong growth, gross margins slightly declined. Harmonic's backlog and deferred revenue approached record levels, indicating solid demand as they progress into the second half of 2022.
Harmonic (NASDAQ: HLIT) has announced that HISPASAT Peru is utilizing its cloud-native VOS platform to enhance streaming and direct-to-home (DTH) broadcast services. This technology allows for quick channel launches and reliable service delivery. The partnership empowers various content providers to deliver high-quality entertainment without additional infrastructure costs. The VOS solution integrates seamlessly with NAGRA OpenTV for enhanced user experience and supports over 20 statmux pools for efficient satellite broadcasts.
Harmonic Inc. (NASDAQ: HLIT) will release its second quarter 2022 financial results on August 1, 2022, after market close. A live webcast is scheduled for 2:00 p.m. PT on the same day to discuss the results. Investors can join the call via telephone by registering in advance. The webcast can also be accessed on Harmonic's Investor Relations website. A replay will be available after 5:00 p.m. PT. Harmonic leads in virtualized cable access and video delivery solutions, providing high-quality streaming and broadcast services globally.
Harmonic (NASDAQ: HLIT) has launched an upgrade kit for Cisco's GS7000 node, transforming it into a distributed access architecture (DAA) node compatible with next-gen broadband solutions. The Pebble DAA device features a compact design that reduces operational costs and supports multiple access architectures, enhancing business agility for operators. This upgrade allows for quick field implementation without replacing the node. Additionally, the kit aims to facilitate a transition from legacy systems to modern solutions, fulfilling increased broadband demands globally.
Harmonic (NASDAQ: HLIT) announced that Patrick Harshman, CEO, will participate in a fireside chat at the Jefferies Software Conference on June 2, 2022, at 8:30 a.m. PT in San Francisco. A live video webcast will be available on Harmonic's investor relations website, with an archived version accessible for 90 days post-event. Harmonic is a leader in virtualized cable access and video delivery solutions, focusing on ultra-high-quality video streaming and gigabit internet services.
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