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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, TASE: GILT) announced over $4 million in orders for Low Earth Orbit (LEO) constellation gateway support. Their subsidiary Wavestream is supplying Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The SSPAs are designed for high-performance networks, showcasing reliability in harsh environments. Manufacturing is proceeding at a high rate, indicating strong production capacity. Gilat's experience and technology position it favorably in the competitive satellite communication market.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has been selected by Telefonica Global Solutions to equip a strategic teleport in Arica, Chile. This initiative aims to enhance rural internet access and broadband opportunities across Latin America, leveraging Gilat's SkyEdge II-c platform and extensive satellite coverage. The company expedited delivery despite COVID-19 challenges. Gilat aims to strengthen its long-term relationship with TGS through this collaboration, tapping into significant business opportunities in the region.
Gilat Satellite Networks (NASDAQ: GILT) reported Q1 2021 revenues of $44.7 million, down from $47.7 million in Q1 2020, but up from $42.6 million in Q4 2020. The GAAP operating loss improved to $3.7 million from $10.8 million last year. Non-GAAP net loss was $5.2 million, compared to $8.6 million a year ago. CEO Adi Sfadia highlighted strong momentum in business units, excluding the IFC segment, and announced a multi-million dollar strategic agreement with a government in Asia Pacific. Gilat expects continued growth in 2021, particularly in NGSO and Cellular Backhaul.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured a multi-year managed-services contract valued at tens of millions of dollars with a major government corporation in the Asia Pacific region. This strategic agreement focuses on enterprise connectivity, allowing for nationwide coverage across various applications, including cellular backhaul and emergency-response services. The deal is expected to foster significant project expansions, leveraging Gilat's SkyEdge II-c technology.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has reached a milestone in Peru by entering the operational phase of a telecom project valued at $108M, initially awarded in 2015. This phase will enable broadband internet services for over 1.5 million people in Cusco, generating recurring revenue of multi-million dollars annually for a decade. The project will also train over 600 representatives from schools and health facilities and establish 71 internet hot spots in public areas.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured a $3 million contract from a Tier-1 Telco in Latin America to deploy thousands of VSATs in remote schools, enhancing broadband connectivity to support children's education. This initiative aims to bridge the digital divide in the region. The SkyEdge II-c network was selected for its proven experience in delivering high-quality connectivity. As Gilat continues to expand its footprint in Latin America, this project exemplifies its commitment to leveraging technology for universal access to education.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a significant contract worth over $5M with a Tier-1 Mobile Network Carrier in Japan for cellular backhaul expansion via its SkyEdge II-c platform. The project aims to enhance coverage in rural areas lacking fiber access and improve emergency response capabilities during natural disasters. The carrier's aggressive deployment schedule highlights the demand for Gilat's technology, which is already benefiting other major operators in Japan and globally.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced receiving over $20 million in orders for supporting Low Earth Orbit (LEO) constellation gateways. This contract, awarded to its subsidiary Wavestream, includes supplying advanced Solid State Power Amplifiers (SSPAs) to a leading satellite operator. The PowerStream 160Ka SSPAs were chosen for their superior performance and reliability in demanding environments, catering specifically to Non-Geostationary Satellite Orbit (NGSO) constellations.
Gilat Satellite Networks announced it will release its first quarter 2021 financial results on May 4, 2021. The release will be followed by a conference call at 09:30 AM EDT, featuring CEO Adi Sfadia and CFO Bosmat Halpern who will discuss the results and business achievements. Investors can join the call via US dial-in (1-866-744-5399) or International (972-3-918-0610) and a webcast available on the company’s website. The results will provide insights into the company's performance and future outlook.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) was selected by SES to support a Tier-1 4G/LTE Mobile Network Operator in Brazil, enhancing broadband access for education in remote areas. Using Gilat's SkyEdge II-c platform, the initiative will provide connectivity to hundreds of schools, fulfilling a government mandate. This collaboration is poised to bridge the digital divide in Brazil, demonstrating Gilat’s capabilities in local delivery and support. SES's SES-14 satellite will facilitate high-speed internet access, benefiting thousands of students.
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