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 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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PETAH TIKVA, Israel, Oct. 18, 2022 (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 third quarter 2022 financial results on Monday, November 14, 2022.

Gilat to Report Third Quarter 2022 Results on November 14th

Global business opportunities materialized with SkyEdge IV, Gilat's multi-service, multi-orbit platform Global business opportunities materialized with SkyEdge IV, Gilat's multi-service, multi-orbit platform

SES and Gilat Extend Global Strategic Cooperation with Orders for GEO VHTS and O3b mPOWER NGSO Constellation

Gilat Satellite Networks Ltd (NASDAQ:GILT ) Q2 2022 Earnings Conference Call August 9, 2022 9:30 AM ET Company Participants Ehud Helft - Lippert/Heilshorn & Associates Adi Sfadia - CEO Gil Benyamini - CFO Conference Call Participants Christopher Quilty - Quilty Analytics Operator Ladies and gentlemen, thank you for standing by. Welcome to Gilat's Second Quarter 2022 Results Conference Call.

Gilat Satellite Networks Ltd (GILT) CEO Adi Sfadia on Q2 2022 Results - Earnings Call Transcript

R evenue of $55.5 m illion, o perating p rofit $1.5 million and Adjusted EBITDA of $5.3 m illion ; R eiterates 2022 guidance

Gilat Reports Strong Second Quarter 2022 Results

PETAH TIKVA, Israel, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Internet para Todos (IPT) in Peru is expanding its contract with Gilat, for 4G cellular backhaul services over the Internet.

Internet Para Todos Expands Services Contract with Gilat

SkyEdge II-c will facilitate connection of rural villages to the government network and access to remote digital services that bridge the digital divide SkyEdge II-c will facilitate connection of rural villages to the government network and access to remote digital services that bridge the digital divide

Gilat Signs Agreement to Enable a Central Asian Government to Provide Digital Services over Satellite

PETAH TIKVA, Israel, July 25, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company is further expanding its strategic in-flight connectivity (IFC) partnership in Japan with Intelsat.

Gilat and Intelsat Expand Their Strategic In-Flight Connectivity Partnership in Japan

PETAH TIKVA, Israel, July 19, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today it received a multimillion-dollar order from a Tier-1 mobile network operator (MNO) in Latin America.

Tier-1 MNO Awards Multimillion-Dollar Order to Gilat for 4G Cellular Backhaul Network Expansion in Latin America

PETAH TIKVA, Israel, July 14, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today it received an order in excess of $7 million from a Tier-1 mobile network carrier in the Asia Pacific (APAC) region for 4G cellular backhaul network expansion.

Gilat Awarded Order of Over $7M from Tier-1 Mobile Network Carrier in APAC for 4G Cellular Backhaul Network Expansion

PETAH TIKVA, Israel, July 12, 2022 (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 second quarter 2022 financial results on Tuesday, August 9, 2022.

Gilat to Report Second Quarter 2022 Results on August 9th

PETAH TIKVA, Israel, July 07, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today it was awarded follow-on orders for the expansion of a defense force satellite communication (SATCOM) network in an Asian nation.

Gilat Awarded Follow-On Orders to Expand Defense Force SATCOM Network in an Asian Nation

PETAH TIKVA, Israel, June 06, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today it received an over $8 million dollar follow-on order for support of gateways of a Low Earth Orbit (LEO) constellation.

Gilat Receives Over $8 Million Follow-On Order for Support of Low Earth Orbit Constellation

Presentation will take place on Wednesday, June 8 at 2:30 PT Presentation will take place on Wednesday, June 8 at 2:30 PT

Gilat Satellite Networks to Present at the 2022 LD Micro Invitational Conference

Gilat Satellite Networks Ltd. (NASDAQ:GILT ) Q1 2022 Earnings Conference Call May 23, 2022 9:30 AM ET Company Participants Ehud Helft - GK Investor and Public Relations Adi Sfadia - Chief Executive Officer Gil Benyamini - Chief Financial Officer Conference Call Participants Chris Quilty - Quilty Analytics, LLC Gunther Karger - Discovery Group Inc. Operator Ladies and gentlemen, thank you for standing by.

Gilat Satellite Networks Ltd. (GILT) CEO Adi Sfadia on Q1 2022 Results - Earnings Call Transcript

Reiterates 2022 guidance Reiterates 2022 guidance

Gilat Reports First Quarter 2022 Results with Strong Revenue Growth

PETAH TIKVA, Israel, May 16, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, 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, 2021. The Annual Report includes revisions to the unaudited quarterly and year-end results for the year ended December 31, 2021 and restated financial statements for the years ended December 31, 2019 and 2020.

Gilat Announces Filing of 2021 Annual Report

PETAH TIKVA, Israel, May 03, 2022 (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 2022 financial results on Monday, May 23, 2022.

Gilat to Report First Quarter 2022 Results on May 23rd

Gilat's solution cost-effectively extends mobile coverage in the Democratic Republic of the Congo, Africa's second-largest nation, starting with nearly a thousand remote sites Gilat's solution cost-effectively extends mobile coverage in the Democratic Republic of the Congo, Africa's second-largest nation, starting with nearly a thousand remote sites

Intelsat Selects Gilat in Multimillion-Dollar Deal to Provide Satellite Cellular Backhaul Solution to a Leading Mobile Telecom in the DRC

Gilat's fully-integrated ESA technology is proven to be at the forefront of the next-generation ESA IFC market Gilat's fully-integrated ESA technology is proven to be at the forefront of the next-generation ESA IFC market

Gilat's Electronically Steerable Antenna (ESA) for IFC Achieves Breakthrough During Airbus Flight Tests Operating on Spacecom's Advanced Satellite

Gilat's SkyEdge IV Taurus modems enhance user experience of Intelsat's global network with high-quality IFC for commercial aviation, regional aircraft, and business jets while leveraging interoperability with SkyEdge II-c Gilat's SkyEdge IV Taurus modems enhance user experience of Intelsat's global network with high-quality IFC for commercial aviation, regional aircraft, and business jets while leveraging interoperability with SkyEdge II-c

Intelsat Expands In-Flight Connectivity Capabilities with Strategic Multimillion-Dollar Order for Gilat's SkyEdge IV Taurus Modems

Gilat's SkyEdge II-c platform enables extension of TIM's 4G cellular network and agriculture IoT connectivity, thus bridging the digital divide in Brazil Gilat's SkyEdge II-c platform enables extension of TIM's 4G cellular network and agriculture IoT connectivity, thus bridging the digital divide in Brazil

TIM Brasil Reaches Over 1,000 Sites Leveraging Gilat's Platform to Build the Largest 4G Satellite Cellular Backhaul Network in Latin America

Gilat Satellite Networks Ltd (GILT) CEO Adi Sfadia on Q4 2021 Results - Earnings Call Transcript

Fourth quarter revenue of $67.3 million, up 58% YoY; GAAP operating income of $5.6 million; Adjusted EBITDA of $10.6 million; Fourth quarter revenue of $67.3 million, up 58% YoY; GAAP operating income of $5.6 million; Adjusted EBITDA of $10.6 million;

Gilat Reports Strong Fourth Quarter and Full Year 2021 Results; Resumes Yearly Guidance with Continued Strong Growth in 2022

SkyEdge IV will enable multi-service capabilities for Intelsat's IS-40e, providing expanded capacity over North America for in-flight connectivity and cellular backhaul SkyEdge IV will enable multi-service capabilities for Intelsat's IS-40e, providing expanded capacity over North America for in-flight connectivity and cellular backhaul

Intelsat Makes Strategic Selection with a Significant Initial Order of Gilat's New SkyEdge IV Platform for Its Newest High Throughput Satellite

SkyEdge IV will operate simultaneously with SES's GEO VHTS and O3b mPOWER constellation providing fixed services and mobility applications SkyEdge IV will operate simultaneously with SES's GEO VHTS and O3b mPOWER constellation providing fixed services and mobility applications

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