Harmonic: Q4 Financial Results Overview

Harmonic Inc. Announces Fourth Quarter Financial Results

Harmonic Inc., headquartered in San Jose, California, reported a net loss of $54.8 million for the fourth quarter.

The company recorded a loss of $0.49 per share during this period. After adjusting for discontinued operations and stock-based compensation, earnings stood at $0.06 per share.

Quarterly revenue reached $98.2 million for the video technology provider.

For the full fiscal year, Harmonic reported a total loss of $43.3 million, translating to $0.38 per share, with annual revenue totaling $360.5 million.

Looking ahead to the first quarter ending in March, Harmonic anticipates revenue between $100 million and $105 million.

For the upcoming year, the company projects earnings per share in the range of $0.27 to $0.43, with expected revenue between $440 million and $480 million.