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Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a global leader in satellite-based broadband communications. With over 35 years of experience, Gilat designs and manufactures advanced ground segment equipment and delivers comprehensive solutions and end-to-end services. Their innovative portfolio includes a cloud-based VSAT network platform, high-speed modems, high-performance antennas, and high-power solid-state amplifiers (SSPA) and block upconverters (BUC).
Gilat’s solutions support a wide range of applications, including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety. The company's products are known for their reliability and efficiency, meeting the most stringent service level requirements.
Recent achievements include:
- Providing additional 50W Ka-band BUCs for mobile Satellite Transportable Terminals (STTs).
- Supplying baseband equipment for comprehensive satellite communication architecture.
- Supporting social inclusion projects that provide internet connectivity in remote areas.
- Expanding In-Flight Connectivity (IFC) footprint into business aviation and government markets with the Taurus modem.
- Developing next-generation software-defined radio modems for military applications.
- Enabling SES's O3b mPOWER constellation with the SkyEdge IV platform for unparalleled service flexibility and scale.
Gilat's strong financial performance is highlighted by a 29% year-over-year revenue growth, GAAP operating income of $5.4 million, and an adjusted EBITDA of $9.3 million.
For more information, please visit: www.gilat.com
Gilat Satellite Networks (Nasdaq: GILT) has secured a significant agreement to provide its SkyEdge II-c satellite hub and hundreds of VSATs to a government in Central Asia. This initiative aims to connect rural villages to the government network, enhancing disaster preparedness communication and remote service accessibility for citizens. The technology will enable interactions with various governmental bodies, ensuring improved service delivery across remote regions. Gilat continues to play a crucial role in bridging the digital divide globally.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the expansion of its strategic in-flight connectivity (IFC) partnership with Intelsat in Japan. This collaboration includes the addition of two SkyEdge II-c hubs, enhancing commercial and business aviation services. The move aims to boost IFC reliability for air travelers and meets the increasing demand for air travel. Gilat's technology is designed to streamline service fulfillment, improving user experience. The partnership underlines Gilat's commitment to providing robust in-flight communication solutions in the Asia Pacific region.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has secured a multimillion-dollar order from a Tier-1 mobile network operator in Latin America to provide its SkyEdge II-c platform with Capricorn VSATs for 4G cellular backhaul. This major contract will enhance the operator's extensive 4G network and is bolstered by Gilat's comprehensive technical support and installation services. The order underscores Gilat's reputation for reliability and the growing demand for satellite backhaul solutions in the telecommunications sector.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a significant order exceeding $7 million from a leading mobile network carrier in the Asia Pacific region. This order aims to expand the carrier's 4G cellular backhaul network into rural areas lacking fiber access using Gilat’s advanced SkyEdge II-c Capricorn VSATs. The agreement highlights Gilat's technological prowess and commitment to enabling rapid, cost-effective network expansion, underscoring the confidence in their satellite solutions for enhancing connectivity.
Gilat Satellite Networks (Nasdaq: GILT) announced its second quarter 2022 financial results will be released on August 9, 2022. CEO Adi Sfadia and CFO Gil Benyamini will discuss the results in a conference call starting at 9:30 AM EDT. Participants can join by dialing 1-866-744-5399 (US) or +972-3-918-0609 (International). The call will also be available via webcast, which will remain archived for 30 days. Gilat specializes in satellite-based broadband communications, offering comprehensive solutions and innovative technology for various applications.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has announced follow-on orders to expand a defense force satellite communication (SATCOM) network in an Asian nation. This order includes the deployment of Gilat's SkyEdge II-c hubs and Capricorn VSATs, enhancing communication for emergency response and critical C4I needs. The expansion is driven by the network's improved performance. Michal Aharonov, Chief Commercial Officer, highlighted the company's role as a reliable partner in providing secure SATCOM solutions.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a follow-on order exceeding $8 million for Gateway Solid State Power Amplifiers (SSPAs) to support a Low Earth Orbit (LEO) constellation. This order is in addition to a $50 million contract from the previous year. The company’s subsidiary, Wavestream, is the sole provider for this project. Gilat emphasizes its strong manufacturing capabilities and expertise in high-power Ka-Band SSPA technologies, positioning itself to capture a significant share of the non-geostationary satellite orbit market.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) will present at the 2022 LD Micro Invitational on June 8 at 2:30 PM PT in Westlake Village, California. The company, a leader in satellite networking technology, will be represented by CFO Gil Benyamini. The event runs from June 7-9 and will showcase over 200 companies. Investors can register for the webcast here. Meetings with management are also available for interested investors.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported its Q1 2022 results, showcasing a revenue increase of 19% year-over-year, totaling $51.4 million. The company improved its financial standing, with a GAAP operating loss reduced to $1.0 million from $3.5 million in Q1 last year. Net losses also decreased, with a GAAP net loss of $2.5 million versus $5.0 million in Q1 2021. Additionally, Adjusted EBITDA turned positive at $2.5 million, improving from a loss of $1.3 million in the previous year.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has filed its Annual Report on Form 20-F with the U.S. SEC, detailing audited financial results for the year ending December 31, 2021. The report includes revised unaudited quarterly and year-end results for 2021 and restated financial statements for 2019 and 2020. The annual report is accessible on the Gilat website, with hard copies available upon request.
Gilat is recognized for its satellite-based broadband solutions, with a diverse product portfolio catering to various sectors, ensuring high service level standards.
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