Harmonic Inc.

Hello, and thank you for standing by. Welcome to the first quarter 2024 Harmonic EARNX conference call. My name is Tawanda, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during this session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, Please press star 11 again. Please note that this conference is being recorded. I would now like to turn the call over to David Hanover, Investor Relations. David, you may begin.

Thank you, Operator. Hello, everyone, and thank you for joining us today for Harmonix's first quarter of 2024 Financial Results Conference Call. With me today are Patrick Harshton, President and Chief Executive Officer, Nimrod Ben-Matan, Senior Vice President and General Manager of Harmonix Broadband Business, and Walter Jankovic, Chief Financial Officer. Before we begin, I'd like to point out that in addition to the audio portion of the webcast, we've also provided slides for this webcast, which you may view by going to our webcast on our investor relations website. Now turning to slide two. During this call, we will provide projections and other forward-looking statements regarding future events or future financial performance of the company. Such statements are only current expectations and actual events or results made different materially. We refer you to documents homotic filed with the SEC, including our most recent 10Q and 10K reports and the forward-looking statement section of today's preliminary results press release. These documents identify important risk factors which can cause actual results to differ materially from those contained in our projections or forward-looking statements. And please note that unless otherwise indicated, the financial metrics we provide you on this call are determined on a non-GAAP basis. These metrics, together with corresponding GAAP numbers and a reconciliation GAAP, are contained in today's press release, which we have posted on our website and filed with the SEC on Form 8K. We will also discuss historical, financial, and other statistical information regarding our business and operation, and some of this information is included in the press release. The remainder of the information will be available on a recorded version of this call or on our website. And now I'll turn the call over to our CEO, Patrick Harshman. Patrick?

Thanks, David, and welcome, everyone, to our first quarter call. Today, we reported our Q1 results and updated full-year outlook, both of which are in line with our prior guidance and demonstrate solid execution and continuing confidence in our growth opportunities. Key business highlights include strong broadband orders and new customer wins, supporting this business's sustained multi-year growth trajectory. Continued video SaaS revenue growth, driven by new sports opportunities and ad delivery technology, and the retirement of our outstanding convertible debt this month. capping share dilution associated with convertible notes. We also announced on April 8th my planned retirement on June 11th, the date of our annual shareholder meeting, and our board selection of Nimrod Ben-Natan as the next CEO of Harmonic. Nimrod, Walter, and the senior Harmonic team have my full confidence in driving the next phase of growth for our company, and I look forward to having a continuing supporting relationship with Nimrod and the board for at least another year. And with that, I'll now turn the call over to you, Nimrod, to provide a more detailed update on our broadband business.