HLITHARMONIC INC.
Radio & Tv Broadcasting & Communications Equipment
- Revenue
- $361M
- 26% YoY
- Operating margin
- 3.9%
- 74% YoY
- EBITDA
- $25M
- 71% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -8.8×
- −$221M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear89× net incomeCash flow under 80% of net income
- Dilutive SBCClear9% of revenueOver 10% of revenue
- Payouts exceed cash flowClear73% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear10% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $507M | $625M | $388M | $488M | $361M | 26% |
| Operating income | $19M | $46M | $30M | $75M | $14M | 81% |
| Net income | $13M | $28M | $84M | $39M | $1M | 97% |
| Operating cash flow | $41M | $5M | $7M | $62M | $108M | 74% |
| Capex | $13M | $9M | $8M | $9M | $11M | 21% |
| Stock-based comp | $24M | $25M | $27M | $28M | $32M | 14% |
| Buybacks | $0 | $5M | $0 | $30M | $79M | 163% |
| Dividends | $0 | $0 | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 134 | 108 |
| FY2024 | — | — | 170 | 103 |
| FY2023 | — | — | 167 | 91 |
| FY2022 | — | — | 168 | 82 |
| FY2021 | — | — | 151 | 112 |