Gilat Satellite Networks

Gilat Satellite Networks Ltd. engages in the provision of broadband satellite communication and networking solutions and services. It operates through the following business segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects. The Fixed Networks segment provides advanced fixed broadband satellite communication networks, satellite communication systems and associated professional services and comprehensive turnkey solutions and fully managed satellite network services solutions. The Mobility Solutions segment provides advanced on-the-move satellite communications equipment, systems, and solutions, including airborne, maritime and ground-mobile satellite systems and solutions. The Terrestrial Infrastructure Projects segment provides network infrastructure construction of the fiber and microwave network of PRONATEL in Peru. The company was founded by Yoel Gat, Gideon Kaplan, Amiram Levinberg, Joshua Levinberg, and Shlomo Tirosh in 1987 and is headquartered in Petah Tikva, Israel.

Earnings data Q1 2024

GILT reports 15% revenue growth and strategic acquisitions in Q1

GILT's Q1 2023 performance reflects strong revenue growth, improved margins, and a robust cash position. The company's strategic achievements and product launches demonstrate a proactive approach to market expansion. While facing challenges in certain projects, GILT is leveraging opportunities in the defense and international markets.

GILT reports strong Q2 2023 results, raises full-year expectations

GILT's Q2 2023 performance was robust, driven by revenue growth, strategic partnerships, and expansion efforts. While facing cash position challenges and potential dilution from the DataPath acquisition, the company is well-positioned for growth with a strong pipeline of opportunities.

Gilat reports strong Q3 performance, anticipates continued growth opportunities

Gilat's Q3 2023 earnings call showcased strong financial performance, driven by the in-flight connectivity market. The company's resilience, global presence, and solid financial position were highlighted. While facing competitive pressures, Gilat anticipates continued growth and sees opportunities in the in-flight connectivity market and product line extensions.

Gilat reports robust Q4 earnings, eyes growth in satellite market

Gilat's strong financial performance, strategic advancements in key sectors, and focus on market expansion present a positive outlook for future growth. While challenges exist in integration and revenue targets, the company's diverse opportunities and achievements position it well for success.

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PETAH TIKVA, Israel, April 17, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024.

Gilat to Report First Quarter 2024 Results on May 8th

Gilat's solutions ensure reliable, high-performance connectivity for cellular and internet services in rural areas Gilat's solutions ensure reliable, high-performance connectivity for cellular and internet services in rural areas

Gilat Received Approximately $5 Million for Providing Services to a Leading LATAM Service Provider

Gilat to develop next-generation software-defined radio modem for Satcom-on-the Move and Satcom-on-the-Pause military applications Gilat to develop next-generation software-defined radio modem for Satcom-on-the Move and Satcom-on-the-Pause military applications

Gilat Received Multimillion-Dollar Order from a Leading Defense Organization

Service provider's initial order for Taurus Modem significantly expands Gilat's In-Flight Connectivity footprint into Business Aviation and Government markets Service provider's initial order for Taurus Modem significantly expands Gilat's In-Flight Connectivity footprint into Business Aviation and Government markets

Gilat Expanding into Additional IFC Market Segments After Receiving Over $3 Million in Orders from a Leading IFC Service Provider

Government-sponsored Social Inclusion project enables internet connectivity in rural areas not supported by terrestrial networks Government-sponsored Social Inclusion project enables internet connectivity in rural areas not supported by terrestrial networks

Gilat Awarded Over $3M Follow-On Order for Public WiFi Service in Latin America

Gilat to provide baseband equipment to enable complete turnkey satellite communication architecture Gilat to provide baseband equipment to enable complete turnkey satellite communication architecture

Gilat Awarded Over $5 Million Order from the US Department of Defense

Gilat Wavestream to provide additional 50W Ka-band BUCs for long-term sustainment of thousands of mobile Satellite Transportable Terminals (STTs) Gilat Wavestream to provide additional 50W Ka-band BUCs for long-term sustainment of thousands of mobile Satellite Transportable Terminals (STTs)

US Army Awards $12 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity

SkyEdge platforms are key enablers of in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services globally SkyEdge platforms are key enablers of in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services globally

Gilat Awarded Over $13M in Additional Orders from Satellite Operators for its World Leading SkyEdge IV and SkyEdge II-c Platforms

Gilat to provide DKET 3421 terminals for easy-to-deploy transportable satcom network hubs Gilat to provide DKET 3421 terminals for easy-to-deploy transportable satcom network hubs

Gilat Awarded $5 Million Order from the US Department of Defense

PETAH TIKVA, Israel, March 26, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced that it will be presenting at the 14th Annual LD Micro Invitational at the Sofitel New York on April 8-9, 2024.

Gilat Satellite Networks to Present at the 2024 LD Micro Invitational Conference

PETAH TIKVA, Israel, March 20, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced that it has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission containing audited consolidated financial statements for the year ended December 31, 2023.

Gilat Announces Filing of 2023 Annual Report

A phased approach ensures continuous advancement in alignment with evolving technology and maturing standards A phased approach ensures continuous advancement in alignment with evolving technology and maturing standards

Gilat Unveils Cloud and 5G NTN Evolution Strategy for SkyEdge IV

Companies expand portfolio of products to bolster further growth in the IFC market Companies expand portfolio of products to bolster further growth in the IFC market

Safran Selects Gilat for Strategic, Multimillion-Dollar In-Flight Connectivity Program

Gilat Satellite Networks Ltd. (GILT) Q4 2023 Earnings Call Transcript

Q4 R evenue of $ 75.6 million , GAAP O perating I ncome of $ 2.9 million and A djusted EBITDA of $9 . 4 million

Gilat Presents Fourth Quarter and Full Year 2023 Results

Gilat to provide additional DKET 3421 terminals for easy-to-deploy transportable satcom network hubs Gilat to provide additional DKET 3421 terminals for easy-to-deploy transportable satcom network hubs

Gilat Awarded $10 Million Follow-On Order from the US Department of Defense

PETAH TIKVA, Israel, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced that it will release its fourth quarter and full year 2023 financial results on Monday, February 26, 2024.

Gilat to Report Fourth Quarter and Full Year 2023 Results on February 26th

Gilat's SkyEdge IV platform and Taurus-M modems to augment advanced satcom capabilities for a leading governmental defense organization Gilat's SkyEdge IV platform and Taurus-M modems to augment advanced satcom capabilities for a leading governmental defense organization

Gilat Awarded Multimillion-Dollar Defense Satellite Connectivity Project

Network expansion and 10 years of services to address the growing needs for internet in additional parts of the Amazonas region Network expansion and 10 years of services to address the growing needs for internet in additional parts of the Amazonas region

Gilat Awarded $17 Million by Pronatel for Expansion of Regional Telecommunications Project in Peru

Gilat's new brand reflects the company's vision of the right of all people to be connected Gilat's new brand reflects the company's vision of the right of all people to be connected

Gilat Announces New Brand Identity Embracing the Company's Commitment to the New Space Revolution

Gilat to deliver a comprehensive solution based on its SkyEdge platform and a suite of services providing reliable and secure connectivity Gilat to deliver a comprehensive solution based on its SkyEdge platform and a suite of services providing reliable and secure connectivity

Gilat Awarded Approximately $3M for a Satellite Connectivity Project for a National Police Force

PETAH TIKVA, Israel, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced management's participation in the 26th Annual Needham Growth Conference taking place at the Lotte New York Palace Hotel in New York City from January 16-19, 2024.

Gilat to Participate in the 26th Annual Needham Growth Conference on January 17, 2024

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Gilat to provide additional 50W Ka-band BUCs for long-term sustainment of thousands of mobile Satellite Transportable Terminals (STTs) Gilat to provide additional 50W Ka-band BUCs for long-term sustainment of thousands of mobile Satellite Transportable Terminals (STTs)

US Army Awards Nearly $20 Million Contract Extension to Gilat to Sustain Anytime, Anywhere Satellite Connectivity

The acquisition represents a strong step forward in Gilat's strategy to increase its presence in the growing defense communications market The acquisition represents a strong step forward in Gilat's strategy to increase its presence in the growing defense communications market

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