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Harmonic Profits $4.8M in Q4

Light Reading
LR Cable News Wire Feed
Light Reading
1/30/2013
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SAN JOSE, Calif. -- Harmonic Inc. (HLIT), the worldwide leader in video delivery infrastructure, announced today its preliminary and unaudited results for the fourth quarter and year ended 2012. Net revenue for the fourth quarter of 2012 was $133.4 million, compared with $136.7 million for the third quarter of 2012 and $143.6 million for the fourth quarter of 2011. For the full year 2012, net revenue was $530.5 million, compared with $549.3 million for 2011. The company reported GAAP net income for the fourth quarter of 2012 of $4.8 million, or $0.04 per diluted share, compared with a GAAP net loss for the third quarter of 2012 of $8.2 million, or $(0.07) per share, and GAAP net income of $4.3 million, or $0.04 per diluted share, in the fourth quarter of 2011. For the full year 2012, GAAP net loss was $10.9 million, or $(0.09) per share, compared to net income of $8.8 million, or $0.08 per diluted share, for 2011. Harmonic Inc.

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