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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) will announce its fourth quarter and full year 2021 financial results on February 15, 2022. Following the release, a conference call will be held at 9:30 AM EST, led by CEO Adi Sfadia and CFO Gil Benyamini, discussing results and addressing questions. Interested parties can join via a webcast on the Gilat website. The event will also be archived for 30 days. Gilat is a leader in satellite communications, providing technology and services for various applications.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announced a strategic deal with a Eurasian satellite service provider aimed at enhancing maritime connectivity. This collaboration involves the deployment of Gilat's SkyEdge II-c platform to deliver reliable satellite communications for commercial fishing and maritime transport markets. The technology utilizes Gemini and Capricorn VSATs and positions Gilat as a leader in the maritime sector within the region, contributing to the company’s global mobility initiatives.
Gilat Satellite Networks (Nasdaq: GILT) announced a 12-month extension of its managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico. This project enables 3G and 4G services in regions lacking terrestrial connectivity and supports disaster recovery through transportable VSATs. Gilat's technology and local expertise were key factors in receiving this extension, highlighting the company's reliability and service quality.
Gilat Satellite Networks (Nasdaq: GILT) announced a significant order for additional VSATs from a major mobile network carrier in Japan on January 6, 2022. This order is set to enhance the carrier's 4G/LTE network by expanding cellular backhaul into rural areas lacking fiber connectivity. The deployment will utilize Gilat’s SkyEdge II-c system, showcasing the company’s capability to support advanced network architectures. This order underscores the demand for Gilat's solutions and their role in boosting connectivity for local populations.
Gilat Satellite Networks Ltd. (GILT) has announced a significant contract with a major Mobile Network Operator (MNO) in Asia to deploy its 4G cellular backhaul over satellite technology. This deployment, set for the first quarter of 2022, aims to enhance voice and data services for hundreds of millions of subscribers. The selected technology has an impressive market adoption rate of around 80%, highlighting its proven track record. This contract is viewed as a key market penetration success with potential for future expansions.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the appointment of Gil Benyamini as CFO, effective February 1, 2022. He brings significant experience, most recently as CFO of Panaxia Pharmaceutical Industries. Benyamini is set to drive growth amid opportunities in the satellite communications sector. Bosmat Halpern, the outgoing CFO, contributed to Gilat's progress over the past eight years. Gilat specializes in satellite-based broadband communications, providing comprehensive solutions to various sectors including defense and public safety.
Gilat Satellite Networks (NASDAQ: GILT) has been selected by a major satellite service provider in Eurasia for a multi-million-dollar deal to enhance satellite communications using the SkyEdge II-c platform. This modernization will replace outdated equipment, consolidating legacy networks with new ones to improve coverage for maritime, land mobility, and consumer applications. The deal underlines a strengthened partnership and aims to provide a superior user experience across the region.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) announced a follow-on order exceeding $5 million from a Tier-1 US military terminal provider for Solid State Power Amplifiers (SSPAs) for satellite communication terminals. This order highlights the continued trust in Wavestream technology and production reliability. Gilat's subsidiary, Wavestream, will deliver MicroStream frequency conversion/amplifier units designed for tactical military users. Anticipated future contract expansions are indicated.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a new collaboration with Africa Mobile Networks (AMN) to extend cellular backhaul services across a dozen African countries. AMN has deployed Gilat's technology due to its superior satellite connectivity, enhancing digital access in rural areas. Gilat's SkyEdge II-c Capricorn VSATs will support this effort, helping AMN close the digital divide. The partnership aims to bolster telecommunications networks in regions lacking connectivity, with plans to migrate to 4G technologies as demand increases.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported a 34% revenue increase year-over-year to $49.9 million for Q3 2021. The company achieved a GAAP operating income of $0.9 million, reversing a loss of $10.9 million from Q3 2020. Adjusted EBITDA reached $4.0 million, significantly up from $0.6 million in the same quarter last year. Notable achievements include $28 million in multi-year agreements in Peru and strong bookings in strategic markets, despite global supply chain challenges. Management expresses confidence in future growth for both Q4 and 2022.
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