Harmonic Inc. reports developments in broadband access and video delivery technology for service providers, media companies, broadcasters and streamers. Its updates commonly cover virtualized broadband networking, fiber deployment tools, AI-powered network operations intelligence, remote OLT infrastructure, and the cOS platform used by broadband operators.
Harmonic news also includes video workflow software and media processing products such as VOS Media Software, XOS Advanced Media Processor, hybrid streaming solutions, and AI orchestration for live video workflows. Recurring company announcements address customer deployments, product introductions, industry conference participation, earnings releases, and investor presentations.
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.
Harmonic (NASDAQ: HLIT) announced that TV5MONDE, a top French-language entertainment network, is utilizing its VOS360 cloud SaaS platform to stream content globally. This partnership allows TV5MONDE to enhance its reach, delivering channels in 14 languages with high subtitling interoperability, catering to a vast audience.
TV5MONDE operates in 198 countries, reaching 403 million households. The VOS360 platform supports various geographic content distribution, enabling TV5MONDE to maintain a strong presence in the global market.
Harmonic (NASDAQ: HLIT) announced participation in the 17th Annual Needham Technology & Media Conference on May 16, 2022. CEO Patrick Harshman and SVP Jeremy Rosenberg will engage in a fireside chat at 12:45 p.m. PT (3:45 p.m. ET). A live video webcast will be available on Harmonic's website, with an archived version accessible for 90 days. The company is recognized for its innovations in virtualized cable access and video delivery solutions, enabling high-quality streaming and broadcast services globally.
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Harmonic (NASDAQ: HLIT) recently showcased its CableOS Cloud-Native Core Platform at the CableLabs 10G Showcase, emphasizing DOCSIS 4.0 technology as vital for next-gen broadband. The demonstration highlighted impressive capabilities, achieving downstream speeds of 8.5 Gbps and upstream speeds of 5 Gbps. Harmonic's solutions enable operators to sustainably deliver multi-gigabit internet services and optimize operations by integrating PON and HFC DOCSIS networks. The company powers 6.1 million cable modems worldwide, serving major operators across North America, Europe, Latin America, and Asia.