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 (NASDAQ: HLIT) announced a significant advancement in live content delivery by implementing public cloud support for Dolby Vision HDR. This integration into its VOS cloud streaming platform and XOS software aims to enhance UHD HDR live production, reducing costs for broadcasters while ensuring high-quality streaming experiences. The adoption of Dolby Vision allows operators to meet diverse HDR delivery requirements and accelerates time-to-market for UHD HDR services. This move is a major step forward in delivering superior video quality to consumers.
Harmonic (NASDAQ: HLIT) announced that Claro Perú will use its CableOS Cloud-Native Core Platform for next-gen broadband services. This partnership allows Claro to deliver multi-gigabit broadband efficiently, enhancing subscriber experience while reducing power consumption and operational costs. The deployment includes innovative DAA architecture and R-PHY node segmentation, enabling rapid capacity expansion. Harmonic's analytics tools will provide real-time visibility, ensuring robust service quality. This collaboration positions Claro for future broadband needs as demand for high-speed internet continues to surge.
Harmonic (NASDAQ: HLIT) announced that Mola TV is utilizing its VOS360 cloud streaming SaaS for the first-ever live UHD HDR streaming of UEFA Euro 2020 in Indonesia. This service enhances Mola TV's streaming workflow, ensuring high reliability and real-time scaling. Mola TV emphasizes the significance of UHD HDR for high-profile sports events, which could enhance audience engagement. Harmonic's EyeQ AI-based encoding technology improves streaming quality, backed by a dedicated support team, ensuring optimal performance during live sports broadcasts.
Harmonic (NASDAQ: HLIT) announced that Telefonica Spain has adopted its VOS360 cloud streaming platform for disaster recovery of the Movistar+ service. This deployment allows for reliable infrastructure replication in the cloud, optimizing resources and enabling instant scaling of live channels. Using a pay-per-use model, Telefonica can flexibly manage costs according to demand. The VOS360 platform ensures service continuity and rapid activation, enhancing overall reliability and flexibility for streaming services.
Harmonic (NASDAQ: HLIT) announced its participation in key upcoming events, showcasing advanced broadband technologies. Company executives will discuss innovative topics such as FTTH PON, 10G, and cloud streaming. Highlights include panel discussions at ANGA COM on June 8 and 10, and a SCTE webinar on June 17. Harmonic emphasizes its leadership in virtualized cable access, aiming to enhance network efficiency and meet growing bandwidth demands. The company aims to transform broadband connectivity through its multi-access, cloud-native platform.
Harmonic (NASDAQ: HLIT) announced two upcoming Virtual Investor Events focusing on its Video and Cable Access segments. The Video segment event is scheduled for June 7, 2021, while the Cable Access event will follow on June 14, 2021. Both sessions will be hosted by senior executives and include discussions on strategic visions, investment initiatives, and long-term financial models. Participants can access live webcasts and presentations through Harmonic's investor relations website, with archived content available for 90 days post-event.
Harmonic (NASDAQ: HLIT) will participate in upcoming virtual investor conferences. The fireside chat features Sanjay Kalra and Jeremy Rosenberg on May 20, 2021, at 11:15 AM PT. Additionally, they will engage at the J.P. Morgan Conference on May 25, 2021, at 12:40 PM PT, and the Stifel Conference on June 8, 2021, at 11:00 AM PT. Live webcasts will be accessible on Harmonic's investor relations site, with archived versions available for 90 days.
Harmonic Inc. (NASDAQ: HLIT) reported exceptional Q1 2021 results with revenues of $111.6 million, up 42.3% year-over-year, and a net loss of $6.1 million. Both the Cable Access segment (up 72%) and Video segment (up 29%) showcased strong growth. Gross margins improved to 49.4% (GAAP). The company ended the quarter with a substantial backlog of $274.3 million and a cash position of $100.8 million, reflecting a $29.1 million increase from last year. Positive momentum is expected to continue, supported by strong bookings and technology advancements in their services.
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Harmonic (NASDAQ: HLIT) announced that Otelco, a U.S. cable operator, is providing gigabit internet speeds to rural subscribers using Harmonic's CableOS Cloud-Native Core Platform. This upgrade enables tenfold increases in broadband speeds while paving the way for future fiber-to-the-home (FTTH) services. The deployment has improved operational efficiency and reduced costs for Otelco. Harmonic's technology now serves over 2.6 million cable modems worldwide, highlighting its market leadership in virtualized cable access solutions.