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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 Ltd. (Nasdaq: GILT, TASE: GILT) announced a significant expansion of a Tier-1 mobile operator's 4G network in Asia. This enhancement will utilize Gilat's advanced cellular backhaul solution, employing carrier-grade VSAT technology to connect hundreds of additional sites, especially in rural areas. The deployment aims to improve high-speed data and voice over LTE (VoLTE) services. Gilat’s commercial strategies are geared towards facilitating growth and profitability for mobile network operators across the continent.
Gilat Satellite Networks announced an expansion of its 4G network for a Tier-1 Mobile Network Operator in North America, aimed at enhancing disaster recovery and ongoing operational needs. The satellite solutions are particularly crucial for restoring connectivity amidst natural disasters like hurricanes and wildfires. With increased global natural disasters, Gilat has developed various solutions to support emergency communications. The company has over 30 years of experience in satellite-based broadband communications, offering advanced technology and services.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced the release of its third quarter 2021 financial results on November 9, 2021. The company’s CEO, Adi Sfadia, and CFO, Bosmat Halpern, will lead a conference call to discuss these results, scheduled for 09:30 AM EST / 16:30 IST. Interested parties can join via dial-in numbers or through a webcast available on Gilat’s website. The webcast will also be archived for 30 days. Gilat is a leading provider of satellite-based broadband communications, offering comprehensive solutions across various applications.
Gilat Satellite Networks has signed agreements worth over $16 million to provide broadband transport services in Peru over a two-year period. This initiative aims to enhance broadband connectivity in regions such as Ayacucho, Apurímac, and Huancavelica, complementing previous efforts in the Cusco region. This project aligns with Gilat's strategic goal of expanding services across all six operational regions in Peru, showcasing their commitment to improving regional communications infrastructure.
Gilat Satellite Networks has secured a $12 million contract for operation and maintenance services for a broadband network in Cusco, Peru. This three-year agreement marks a significant achievement following the completion of the network's construction phase and acceptance tests earlier this year. Gilat will oversee internet service across over 2,000 kilometers of fiber optics and multiple communication nodes. The company aims to leverage this project to expand its services across other regions in Peru, targeting annual revenues of $50 million from the country.
Gilat Satellite Networks (NASDAQ: GILT) announced receiving $17 million in additional orders to support Low Earth Orbit (LEO) constellation gateways. The orders, part of a prior contract, involve the delivery of Gateway Solid State Power Amplifiers (SSPAs) by its subsidiary Wavestream. These SSPAs, known for their technical performance and reliability, will be delivered by the end of 2022. This manufacturing effort is progressing at an unprecedented rate, with over 1,000 units being produced.
Gilat Satellite Networks (NASDAQ: GILT) has secured a multi-million-dollar contract with SES to enhance connectivity in Latin America through its multi-service platform. This collaboration aims to support cellular backhauling, enterprise projects, and Universal Service Obligation (USO) initiatives in the Andean region and Argentina. The SkyEdge II-c platform will facilitate satellite connectivity in remote areas, contributing to digital inclusion efforts. The partnership emphasizes Gilat's regional presence and commitment to delivering high-quality communication services.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported a strong second quarter for 2021 with revenues of $56.9 million, reflecting a 49% year-over-year increase. The company achieved a return to Non-GAAP profitability with a Non-GAAP net income of $0.4 million, or $0.01 per share. Significant awards in their Mobility and Defense segments contributed to the positive performance, including multi-million contracts from SES and the US Army. Gilat anticipates continued high growth and profitability through the second half of 2021 and into 2022 due to strong demand across various markets.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured a contract exceeding $5 million from a Tier-1 US terminal provider to deliver Solid State Power Amplifiers (SSPAs) for satellite communication terminals aimed at military applications globally. The company expects further contract expansion in collaboration with the provider.
Wavestream, a wholly-owned subsidiary of Gilat, will supply integrated MicroStream frequency conversion/amplifier units, designed for tactical defense users. This reinforces Gilat's position as a leader in satellite networking solutions.
Gilat Satellite Networks has secured a multi-million-dollar order from SES for its global mobility platform, enhancing its maritime leadership. This partnership will enable premier cruise lines and service providers to tap into satellite-enabled services via SES's O3b mPOWER and geostationary fleet. Gilat’s optimized next-generation platform will support high throughput connectivity for maritime and airborne applications. This agreement positions Gilat's VSAT technology at over a dozen gateways, ensuring robust and efficient service delivery for global mobility needs.
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