Harmonic (HLIT), a manufacturer of video infrastructure products, saw its loss widen to $37.06 million or $0.39 a share for the quarter ended Jun. 27, 2014. In the previous year period, the company disclosed a loss of $3.80 million or $0.03 a share. Non-GAAP earnings per share met the analysts' expectation of $0.02.

Revenue during the second-quarter slipped 6.44 percent to $109.59 million from $117.13 million in the last year period.

Gross margin contracted by 397 basis points over the previous year period to 45.46 percent. Operating margin for the current period stood at negative 7.89 percent as compared to negative 3.93 percent for the previous year period.

The company disclosed operating loss of $8.65 million, compared with operating loss of $4.60 million in the last year period.

Cash Flow

Harmonic has generated cash of $26.78 million from operating activities during the first half, up 40.34 percent or $7.70 million when compared with the last year period.

The company has spent $2.23 million cash to meet operating activities during the first half, as against cash inflow of $60.11 million in the last year period. It has made net capital expenditure of $6.48 million during the first half, which was lower by 26.00 percent or $2.28 million, from a year ago.

The company's free cash flow accounted for 75.81 percent of operating cash flow for the first half, compared with 54.12 percent in the last year period.

The company has spent $55.72 million cash to meet financing activities during the first half, as against cash outgo of $92.55 million in the last year period. It has spent net of $56.02 million on repurchase of common stocks.

As on Jun. 27, 2014, the company's cash balance stood at $59.17 million, down from $83.20 million on Jun. 28, 2013.

Shares of the company declined $0.07 or 1.11 percent to settle at $6.23 on Monday.