| Harmonic Inc., (HLIT:NASDAQ) is a worldwide
supplier of highly integrated fiber optic transmission, digital
headend and element management systems for the delivery of interactive
services over broadband networks. The Company designs, manufactures
and markets optical transmitters, nodes, receivers, digital
video compression and modulation equipment and element management
hardware and software. These products are used by major communications
providers, such as cable television operators, in bi-directional
networks. Headquartered in Sunnyvale, Harmonic Lightwaves sells
its products internationally and maintains sales and support
centers in the United Kingdom, and operates an R&D facility
in Caesarea, Israel. |
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Approximate Employees: 587
FYE 12/31
|
2003
|
2002
|
2001
|
2000
|
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Net Revenues ($000)
|
182,276
|
186,632
|
203,810
|
263,046
|
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Net Income ($000)
|
(29,433)
|
(76,918)
|
(166,407)
|
(1,654,008)(1)
|
|
Shareholders Equity ($000)
|
106,161
|
62,183
|
135,054
|
295,702
|
|
Shareholders Equity/Share
|
1.70
|
1.04
|
2.31
|
6.09
|
|
Earnings per share
|
(0.47)
|
(1.29)
|
(2.84)
|
(34.06)(1)
|
|
Shares Outstanding (000)
|
62,288
|
59,779
|
58,540
|
48,564
|
Company reported for the fourth quarter ended 12/31/03
earnings of $1,370,000 or $0.02 per share on revenues of $56,329,000
vs. a net loss of $(13,752,000) or $(0.23) per share on revenues
of $39,272,000 for the same period last year.
|
(1)The 2000 Loss from operations and Net
Loss include one-time charges of approximately $1.4 billion
and $39.8 million for impairment and acquired in-process technology,
respectively. The 1998 Loss from operations and Net Loss include
a one-time charge of $14.0 million for acquired in-process
technology.
COMPANY CONTACT: Robin N. Dickson, Chief
Financial Officer (408) 542-2500
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