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 Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

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Further contract expansion is expected with leading terminal provider for Wavestream's MicroStream SSPAs Further contract expansion is expected with leading terminal provider for Wavestream's MicroStream SSPAs

Tier-1 US Terminal Provider Awards Gilat over $5M for Solid State Amplifiers Powering Militaries Worldwide

Solidifies Gilat's maritime leadership with initial services to top cruise lines and service providers over SES's O3b mPOWER and geostationary fleet Solidifies Gilat's maritime leadership with initial services to top cruise lines and service providers over SES's O3b mPOWER and geostationary fleet

Gilat's Global Mobility Platform Selected by SES in Multi-Million Dollar Order

Wavestream to supply additional 50W Ka-band BUCs for US Army program sustainment Wavestream to supply additional 50W Ka-band BUCs for US Army program sustainment

Gilat Receives Multi-Million Dollar Award from US Army to Supply High Performance BUCs for Tactical Communications

Gilat's multi-service platform will support the goal of PDI's Aurora Network to deliver a wide range of applications to the population of Alaska Gilat's multi-service platform will support the goal of PDI's Aurora Network to deliver a wide range of applications to the population of Alaska

Gilat Signed a Strategic Agreement Estimated at Over $5 Million with Pacific Dataport for Delivery of Ubiquitous Broadband Coverage in Alaska

PETAH TIKVA, Israel, July 15, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received additional orders of $2 million for support of gateways of Low Earth Orbit (LEO) constellations. The orders were received as part of the previously announced contract.

Gilat Received $2 Million in Orders for Support of Low Earth Orbit Constellation

PETAH TIKVA, Israel, July 12, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its second quarter 2021 financial results on Tuesday, August 10th, 2021.

Gilat to Report Second Quarter 2021 Results on August 10th

Satellite networking technology company Gilat Satellite Networks Ltd (NASDAQ: GILT) won a multi-million-dollar contract to provide satellite communication (SATCOM) equipment to an extensive system integrator for its customer in Asia. Gilat's multi-application platform, SkyEdge II-c, Capricorn VSATs, and TotalNMS will serve the needs of the defense forces to provide tactical SATCOM solutions for mobile platforms and enable efficient communication channels.

Gilat Bags Multi-Million Dollar Satellite Communication Equipment Contract For Asian Defense Forces

PETAH TIKVA, Israel, July 07, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today an award of a multi-million-dollar contract to provide satellite communication (SATCOM) equipment to a large system integrator for its customer in Asia.

Gilat Awarded Multi-Million Dollar Contract to Provide Satellite Communication Equipment for Defense Forces in Asia

PETAH TIKVA, Israel, June 28, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received orders of $9 million for support of gateways of Low Earth Orbit (LEO) constellations.

Gilat Awarded $9 Million in Orders for Support of Low Earth Orbit Constellation

Turnkey solutions for fixed and mobile military applications are provided in Latin America with Gilat's leading technology, via its longtime local partner, Newsat Turnkey solutions for fixed and mobile military applications are provided in Latin America with Gilat's leading technology, via its longtime local partner, Newsat

Gilat Awarded Multiple Projects for Armed Forces in Latin America

Gilat chosen as sole provider to address most advanced present and future defense connectivity requirements Gilat chosen as sole provider to address most advanced present and future defense connectivity requirements

Gilat Awarded Contract to Supply Satellite Communication Equipment for Military Usage

Gilat to supply WI-FI services over a two-year period to the regions of Ayacucho, Apurímac, Huancavelica and Cusco Gilat to supply WI-FI services over a two-year period to the regions of Ayacucho, Apurímac, Huancavelica and Cusco

Gilat Awarded $13M Contract by Pronatel for Delivery of Internet Services to Hundreds of Sites in Peru

Gilat Satellite Networks Ltd (NASDAQ: GILT) extended its multi-million dollar IoT project in Latin America. Tier-1 MNO extends coverage of Gilat's cellular backhaul solution as it increases its Agriculture IoT network.

Gilat Extends Latin American IoT Project For Rural Farming Productivity

Tier-1 MNO extends coverage of Gilat's cellular backhaul solution as it expands its Agriculture IoT network Tier-1 MNO extends coverage of Gilat's cellular backhaul solution as it expands its Agriculture IoT network

Gilat Extends Multi-Million Dollar IoT Project in Latin America

PETAH TIKVA, Israel, May 20, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received orders of over $4 million for support of gateways of Low Earth Orbit (LEO) constellations.

Gilat Awarded Over $4 Million in Orders for Support of Low Earth Orbit Constellation

The transition into 5G could launch Gilat revenues to hyper-growth. This is a mega-trend for the next few years and is only beginning to pick up steam. As the travel industry had been decimated by the coronavirus pandemic, Gilat took a major hit.

Gilat Satellite: Heading Into Orbit, Prepare For Turbulence

Significant potential for backhaul, rural internet and broadband business throughout Latin America, due to the broad coverage provided by gateway beams of multiple satellites Significant potential for backhaul, rural internet and broadband business throughout Latin America, due to the broad coverage provided by gateway beams of multiple satellites

Telefonica Global Solutions (TGS) Selects Gilat to Equip Strategic Teleport in Arica, Chile

Gilat Satellite Networks Ltd. (GILT) CEO Adi Sfadia on Q1 2021 Results - Earnings Call Transcript

Gilat Satellite Networks Ltd (NASDAQ: GILT) reported a first-quarter FY21 revenue decline of 6.3% year-on-year to $44.7 million. Fixed Networks revenue rose 10% to $25.3 million, Mobility Solutions revenue declined 42.3% to $11.1 million, and Terrestrial Infrastructure Projects revenue rose 52.6% to $8.3 million.

Gilat Satellite Networks Stock Falls On Revenue, Earnings Decline

PETAH TIKVA, Israel, May 04, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter of 2021.

Gilat Reports First Quarter 2021 Results

The equipment and multi-year managed-services contract includes enterprise connectivity, with a large potential for expansion to additional applications The equipment and multi-year managed-services contract includes enterprise connectivity, with a large potential for expansion to additional applications

Gilat Enters Strategic Agreement Valued at Tens of Millions of Dollars with a Large Government Corporation in Asia Pacific

Gilat's network to provide broadband internet services to over a million and half people in the region of Cusco Gilat's network to provide broadband internet services to over a million and half people in the region of Cusco

Gilat Achieves Critical Milestone in Peru with Approval to Enter Operational Phase, Unlocking Access to Recurring Revenue of Multi Million Dollars per Annum

Gilat will deploy thousands of VSATs in remote schools to further children's education in Latin America Gilat will deploy thousands of VSATs in remote schools to further children's education in Latin America

Tier-1 Telco in Latin America Awards Gilat Over $3M to Provide Broadband Connectivity in Support of Bridging the Digital Divide

PETAH TIKVA, Israel, April 22, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received over $5M for cellular backhaul over satellite expansion from Tier-1 Mobile Network Carrier in Japan.

Gilat Receives Over $5M for Cellular Backhaul Expansion from Tier-1 Mobile Network Carrier in Japan

PETAH TIKVA, Israel, April 19, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received orders of over $20 million for support of gateways of Low Earth Orbit (LEO) constellations.

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