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.

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Earnings data Q1 2024

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Earnings data Q4 2024

Gilat Satellite Networks reports robust earnings, poised for market expansion

Gilat Satellite Networks delivered strong financial performance in Q4 2022, with notable revenue growth and improved EBITDA. The company's strategic partnerships, diverse revenue streams, and focus on key market segments position it well for future success.
While facing challenges such as managing costs and optimizing profitability, Gilat has opportunities to capitalize on its strengths in the satellite communication market, expand into new markets, and drive innovation.
With a solid financial position, no debt, and positive cash flow, Gilat is well-equipped to navigate market dynamics, leverage growth opportunities, and deliver value to shareholders.

Gilat Satellite Networks reports robust Q1 performance and strategic growth

Gilat Satellite Networks delivered strong financial results in Q1 2023, driven by revenue growth, improved margins, and strategic initiatives.
The company's focus on partnerships, acquisitions, and product development positions it for continued growth and market expansion.
While facing challenges such as project cancellations and market dynamics, Gilat remains optimistic about its performance and future prospects.
With a solid balance sheet, strong guidance, and a diverse product portfolio, Gilat is well-positioned for sustained success and profitability.

Gilat Satellite Networks excels in Q2, eyes growth opportunities

Gilat Satellite Networks delivered a robust performance in Q2 2023, with increased revenue, profitability, and strategic achievements. The company's financial health remains strong, supported by a solid cash position and no debt. While facing working capital challenges, Gilat is well-positioned to capitalize on growth opportunities.

Gilat Satellite Networks (GILT) excels in Q3 2023 earnings call

Gilat Satellite Networks (GILT) reported a strong Q3 2023 performance, marked by revenue growth, profitability improvements, and strategic initiatives for future growth.
The company's focus on the Satellite Network segment, IFC market strength, and upcoming acquisition of DataPath position Gilat for continued success and expansion.
While challenges in maintaining margins and integrating acquisitions exist, Gilat's financial health, market presence, and growth opportunities paint a positive outlook for investors.

Gilat Satellite Networks reports robust 2023 results and eyes defense market growth

Gilat Satellite Networks had a strong performance in 2023, marked by revenue and EBITDA growth, strategic acquisitions, and advancements in key verticals. While facing the challenge of meeting ambitious 2024 targets, the company remains optimistic about growth opportunities in defense and new product development.

Gilat Satellite Networks (GILT) reports robust Q1 growth and eyes new market opportunities

Gilat Satellite Networks (GILT) delivered a stellar performance in Q1 2024, marked by strong revenue growth and improved profitability. The company's strategic acquisitions, leadership in satellite technologies, and diverse market presence position it well for future growth. While challenges exist in maintaining momentum, Gilat's focus on innovation and market expansion presents significant opportunities for continued success.

Gilat Satellite Networks reports robust Q2 growth and strategic acquisitions

Gilat's Q2 2024 earnings call showcased strong financial performance, market leadership in satellite technology, and strategic growth initiatives. The company's focus on defense, mobility, and expansion projects positions it well for future success.

Gilat Satellite Networks reports robust Q3 performance and eyes growth

Gilat Satellite Networks demonstrated strong financial performance in Q3 2024, driven by revenue growth and operational efficiency.
While facing challenges such as narrowed revenue guidance and geopolitical uncertainties, the company maintains a strong cash position and growth opportunities.
Strategic acquisitions, successful defense contracts, and expansion into new markets position Gilat for continued growth and profitability.

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David McDonald will transition to the role of Vice Chairman of DataPath Board of Directors. David McDonald will transition to the role of Vice Chairman of DataPath Board of Directors.

Nicole Robinson Appointed President of DataPath Inc.

Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q1 2024 Earnings Conference Call May 8, 2024 9:30 AM ET Company Participants Ehud Helft - EK Global IR Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Ryan Koontz - Needham Chris Quilty - Quilty Space Gunther Karger - Discovery Group Omri Efroni - Oppenheimer Operator Ladies and gentlemen, thank you for standing by.

Gilat Satellite Networks Ltd. (GILT) Q1 2024 Earnings Call Transcript

Strong Revenue Growth of 29% Year-over-Year, GAAP Operating Income of $5.4 Million and Adjusted EBITDA of $9.3 Million Strong Revenue Growth of 29% Year-over-Year, GAAP Operating Income of $5.4 Million and Adjusted EBITDA of $9.3 Million

Gilat Reports First Quarter 2024 Results

SkyEdge IV – the industry's first MEO-GEO system – enables O3b mPOWER software-driven constellation to deliver services with unparalleled flexibility and scale SkyEdge IV – the industry's first MEO-GEO system – enables O3b mPOWER software-driven constellation to deliver services with unparalleled flexibility and scale

SES's O3b mPOWER System Launches Service via Gilat's SkyEdge IV Platform

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PETAH TIKVA, Israel, May 02, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced management's participation in the 19th Annual Needham Technology, Media and Consumer Conference at the Westin Grand Central Hotel in New York City.

Gilat to Participate in the 19th Annual Needham Technology, Media & Consumer Conference on May 15, 2024

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

News for Gilat Satellite Networks Stock (GILT)