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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Bosmat Halpern Named Gilat's CFO Bosmat Halpern Named Gilat's CFO

Gilat Declares $35 Million Cash Dividend to Shareholders

Over three million people of Mexico's underserved rural population will benefit from 4.5G LTE coverage, enjoying high-quality mobile broadband voice and data services

Hispasat Awards Gilat a Multi-Million Dollar Order for Cellular Backhaul over Satellite to Extend Altan La Red Compartida Service to Rural Mexico

Gilat's modems and transceivers successfully deployed on maritime vessels in Asia

Gilat Equips Hundreds of Boats, Vessels and Cruise Ships with Satellite Communication

New generation of Wavestream Block Upconverters successfully meet DoD program 's requirement for interoperability on multiple satellite constellations at multiple frequencies

Gilat Receives Multi-Million-Dollar Order for a US Department of Defense Tactical Communications Program

Wavestream Ships 5,000th high-power 50W Ka-band block upconverter to military communications program Wavestream Ships 5,000th high-power 50W Ka-band block upconverter to military communications program

United States Government Awards Gilat Additional Multi-Million-Dollar Contract for Military Communications Program

PETAH TIKVA, Israel, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, names Adi Sfadia as Gilat's CEO. Adi Sfadia served as Gilat's interim CEO since July 2nd this year and prior to that held the position of Gilat's CFO, for the past 5 years.

Gilat Names Adi Sfadia as Gilat's CEO

Gilat Satellite Networks Ltd. (GILT) CEO Adi Sfadia on Q3 2020 Results - Earnings Call Transcript

PETAH TIKVA, Israel, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the third quarter ended September 30, 2020.

Gilat Reports Third Quarter 2020 Results

New modems will deliver multi Gbps throughput, targeting high-end services over SES's O3b and O3b mPOWER MEO constellations New modems will deliver multi Gbps throughput, targeting high-end services over SES's O3b and O3b mPOWER MEO constellations

SES and Gilat Expand Partnership with Multi-Million-Dollar Follow-on Order for High-Speed Modems

Retired Brigadier General from the Israel Defense Forces (IDF) to head Gilat's Defense business to maximize opportunities Retired Brigadier General from the Israel Defense Forces (IDF) to head Gilat's Defense business to maximize opportunities

Gilat Hires BG (Res.) Eyal Zelinger as Global Defense Vice President and General Manager

Cash dividend of $ 20 m illion declared and an additional $ 3 5 m illion to be declared subject to c ourt approval

Gilat Plans to Distribute $55 Million in Dividends to Shareholders

Gilat's cellular backhaul solution declared operational and ready for implementation in 5G architecture Gilat's cellular backhaul solution declared operational and ready for implementation in 5G architecture

Gilat Successfully Demonstrates Carrying 5G Traffic with Outstanding Performance over Thaicom's GEO HTS Satellite

DoD program powered by Wavestream's unparalleled high-power 50W Ka-band military Block Upconverter DoD program powered by Wavestream's unparalleled high-power 50W Ka-band military Block Upconverter

US Department of Defense Awards Gilat Multi-Million-Dollar Orders for Military Communications Program

Gilat becomes the MNO's sole vendor to provide end-to-end services for LTE backhauling and disaster-recovery while replacing existing satellite technologies Gilat becomes the MNO's sole vendor to provide end-to-end services for LTE backhauling and disaster-recovery while replacing existing satellite technologies

Gilat Awarded $20 Million Cellular Backhaul Managed Service Contract Renewal and Expansion from Tier-1 MNO in the United States

PETAH TIKVA, Israel, Oct. 20, 2020 (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 third quarter 2020 financial results on Tuesday, November 10, 2020.

Gilat to Report Third Quarter Results on November 10th

Gilat to provide managed services for high-speed 4G (5G Ready) cellular backhaul over satellite for Southern Linc's fixed and mobile network assets Gilat to provide managed services for high-speed 4G (5G Ready) cellular backhaul over satellite for Southern Linc's fixed and mobile network assets

Gilat Satellite Networks Chosen by Southern Linc for 4G Cellular Backhaul Services

Comtech Telecommunications

MELVILLE, N.Y., & PETAH TIKVA, Israel--(BUSINESS WIRE)--OCTOBER 5, 2020 5:30AM EST -- Comtech Telecommunications Corp. (Nasdaq: CMTL) (“Comtech”) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (“Gilat”) announced today that the companies have agreed to terminate the merger agreement first announced on January 29, 2020 and have settled all pending litigation in the Delaware Court of Chancery. In connection with the termination and settlement agreement, Comtech has agreed to make a

Comtech Telecommunications Corp. and Gilat Satellite Networks Ltd. Terminate Merger Agreement and Settle Litigation

PETAH TIKVA, Israel, Aug.  31, 2020  (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2020.

Gilat Reports Q2 2020 Results  

Contract calls for providing coverage to half a million people in rural areas, with significant expansion potential valued at additional tens of millions of dollars over time Contract calls for providing coverage to half a million people in rural areas, with significant expansion potential valued at additional tens of millions of dollars over time

Gilat Awarded Over $10 Million for a Five-Year Service Project for 4G Backhaul Services in Latin America

Gilat completed the LTE cellular backhaul satellite migration project according to schedule, during these challenging times imposed by the COVID-19 pandemic Gilat completed the LTE cellular backhaul satellite migration project according to schedule, during these challenging times imposed by the COVID-19 pandemic

US Tier-1 Mobile Operator Awards Gilat a Multi-Million Dollar Service Contract for Cellular Backhaul

AMN's network enabled by Gilat's technology serves multiple Tier-1 Telcos in over ten countries throughout Africa AMN's network enabled by Gilat's technology serves multiple Tier-1 Telcos in over ten countries throughout Africa

Africa Mobile Networks (AMN) Extends Gilat's Contract of Powering Africa's Largest Satellite Cellular Backhaul Network

Capacity increase of 40% will enable Gilat to provide a superior end-to-end solution to expand its service into remote villages cost-effectively Capacity increase of 40% will enable Gilat to provide a superior end-to-end solution to expand its service into remote villages cost-effectively

Gilat Selected to Extend and Expand Managed Service Cellular Backhaul Project by a Leading Mobile Operator in Mexico

Gilat's expertise and presence in Latin America, together with its local partner, Planex, enabled fast delivery during the challenging times imposed by the COVID-19 pandemic Gilat's expertise and presence in Latin America, together with its local partner, Planex, enabled fast delivery during the challenging times imposed by the COVID-19 pandemic

Telefonica International Wholesale Services (TIWS) Selects Gilat for Broadband and Cellular Backhaul Project in Argentina

PETAH TIKVA, Israel, July  12, 2020  (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced that further to its announcement of July 8, 2020, it was notified on July 11, 2020 that an amended complaint was filed by Comtech Telecommunications Corp. and its subsidiary, Convoy Ltd., against Gilat in the Court of Chancery of the State of Delaware. The amended complaint seeks an additional declaratory judgment that Gilat has suffered a “Material Adverse Effect” as defined in the Merger Agreement, as a result of the Covid-19 pandemic and, as a consequence, Comtech is not required to consummate the merger because certain closing conditions of the Merger Agreement cannot be satisfied.

Gilat Intends to File Counterclaims Seeking Enforcement of the Merger Agreement or Hundreds of Millions of Dollars in Monetary Damages following Comtech’s Filing of an Amended Complaint

Gilat's one-time merger suitor may be getting cold feet.

News for Gilat Satellite Networks Stock (GILT)