Harmonic Inc. announced earnings results for the first quarter of 2013. For the period, the company reported net revenue of $101.7 million, compared with $116.4 million a year ago. GAAP net loss was $9.5 million, or $0.08 per diluted share, compared with $8.7 million, or $0.07 per diluted share a year ago.

Harmonic Inc. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-09-2013 02:30 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Carolyn V. Aver, Chief Financial Officer and Principal Accounting Officer.

Harmonic Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2013. For the period, net revenue was $101.672 million, compared with $118 million in the fourth quarter and $116.439 million in the first quarter of 2012. Loss from operations was $14.867 million compared to 9.883 million a year ago. Loss from continuing operations before income taxes was $14.970 million compared to $9.361 million a year ago. Non-GAAP net loss from continuing operations was $2.744 million or a loss of $0.02 per basic and diluted share, compared with a net gain of $2.162 million or $0.02 per basic and diluted share for the first quarter of 2012. Loss from continuing operations was $9.503 million or $0.08 per basic and diluted share compared to $8.735 million or $0.07 per basic and diluted share a year ago. Net income was $6.421 million or $0.06 per basic and diluted share compared to net loss of $7.528 million or $0.06 per basic and diluted share a year ago. Net cash used in operating activities was $4.938 million compared to net cash provided by operating activities of $7.891 million a year ago. Acquisition of property and equipment was $4.274 million compared to $3.715 million a year ago. Non-GAAP loss per share, including discontinued operations – diluted was $0.01 compared to non-GAAP income per share, including discontinued operations – diluted of $0.03 a year ago. For the second quarter 2013, the company expects revenue to be in the range of $105 million to $115 million. Non-GAAP gross margins are expected to be in the range of 51.5% to 52.5%. GAAP gross margins are expected to be in the range of 46.5% to 47.5%. The company anticipates non-GAAP tax rate for 2013 to be in the range of 20% to 21%, subject to domestic versus international income split.