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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, TASE: GILT) has secured over $12 million in orders from a leading satellite operator to expand their global SATCOM network using Gilat's SkyEdge Family of VSAT Platforms. The deal is expected to be delivered within the next 12 months and offers significant future revenue prospects. The operator is utilizing Gilat's flexible architecture to ensure robust communications across diverse orbital assets.
Hagay Katz, Chief Product and Marketing Officer at Gilat, expressed enthusiasm about broadening collaboration with this key customer, highlighting the trust in Gilat's solutions. The company continues to innovate and enhance its SkyEdge platforms, providing satellite operators with functionality, scalability, and future-proof solutions.
Gilat Satellite Networks (NASDAQ, TASE: GILT), a leader in satellite networking technology, has been selected as a board member of the newly established Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium. The consortium, formed in March 2024, aims to drive innovation in satellite communication networks through agile, scalable, and cost-effective infrastructure.
Gilat's representatives on the WAVE board include Guy Levitas, Head of Research & Algorithms, and Adi Adotler, Chief Architecture Officer. Their involvement underscores Gilat's commitment to fostering an open, interoperable ecosystem in the satellite communications industry. The WAVE Consortium's mission aligns with the broader telecommunications sector's goals of expanding connectivity capabilities and meeting evolving demands.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has announced the addition of SCPC mode to their SkyEdge IV Aquarius Pro modem. This next-generation modem now supports ultra-high performance over VHTS GEO and NGSO constellations, offering throughput up to 750Mbps per direction. The modem is designed for various applications including broadband, 4G and 5G backhauling, commercial maritime, cruise ships, and corporate enterprise services.
Key features of the SkyEdge IV Aquarius Pro SCPC mode include:
- Uninterrupted service support
- Seamless operation with 'make before break' NGSO satellites handover
- Switching capability between GEO and NGSO or different GEO satellites
- DVB S2X with VLSNR, MEF L2, and unique RF combining capabilities
This addition makes SkyEdge IV the most flexible system in the market for various applications.
Gilat Satellite Networks (NASDAQ: GILT, TASE: GILT) reported its Q2 2024 results, showing revenue growth of 13% year-over-year to $76.6 million. The company achieved a GAAP operating income of $2.8 million, down from $5.4 million in Q2 2023, mainly due to acquisition-related expenses. Non-GAAP operating income increased by 21% to $7.3 million. GAAP net income was $1.3 million ($0.02 per diluted share), while non-GAAP net income rose 13% to $5.6 million ($0.10 per diluted share). Adjusted EBITDA grew 10% to $10.1 million. The results reflect Gilat's strong performance in satellite networking technology, solutions, and services.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured over $9 million in cumulative orders from multiple satellite operators to expand their global SATCOM networks. The company's innovative solutions will be utilized for various services across GEO and NGSO satellites, including in-flight connectivity, maritime mobility, cellular backhaul, and enterprise services.
Hagay Katz, Chief Product and Marketing Officer at Gilat, emphasized that these orders reinforce the company's position in the new space era industry. He highlighted Gilat's commitment to innovation and reliability, enabling them to deliver cutting-edge solutions that address the growing demands and challenges of the satellite communications industry.
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured a multi-year contract worth over $5 million from a National Defense Organization. The contract, awarded to Gilat's US-based subsidiary DataPath Inc., is for upgrading DKET terminals, which are transportable SATCOM network hubs. These terminals provide operational flexibility, capacity, connectivity, and rapid deployability for demanding communications in remote locations.
DataPath's commitment to supporting programs beyond their anticipated life spans highlights the company's reliability in delivering long-term solutions. The upgrade will ensure continued dependable, high-performance connectivity for the defense organization's mission-critical communications.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, announced it will release its Q2 2024 financial results on August 7, 2024. The announcement will be followed by a conference call and webcast featuring CEO Adi Sfadia and CFO Gil Benyamini. The call will start at 09:30 AM EDT / 16:30 IDT. Investors and interested parties can access the call via dial-in numbers or through a simultaneous webcast available on the company's website. The webcast will remain accessible for 30 days.
Gilat Satellite Networks has secured a contract extension worth over $10 million from Internet Para Todos (IPT) to provide Cellular Backhaul services in rural Peru. The 6-year agreement will enhance 4G connectivity across 700 existing sites and 100 new sites in the Peruvian jungle, serving over one million people. This partnership aims to address the digital divide in Latin America by overcoming geographic and economic challenges, ensuring high-speed internet access in underserved areas. IPT is a collaboration between Telefónica, Meta, IDB Invest, and CAF focused on sustainable connectivity.
Gilat Satellite Networks announced that its subsidiary, DataPath Inc., secured orders exceeding $9 million to support critical connectivity requirements for the US Department of Defense (DoD) and other global agencies.
DataPath will deploy technical and field services in Europe, the Middle East, and the United States. These orders include contract extensions and new contracts from various partners and agencies, illustrating Gilat's commitment to providing essential support for US Defense operations.
Nicole Robinson, President of DataPath, highlighted the significance of their field service personnel in fulfilling these important roles.
Gilat Satellite Networks has secured over $14 million in orders for its In-Flight Connectivity (IFC) products and solutions from several prominent service providers and system integrators. The orders include network equipment, Solid State Power Amplifiers (SSPAs), and auxiliary IFC products. This reinforces Gilat's leadership in the commercial and business aviation IFC market. The company's position is further strengthened by its recent acquisition of Stellar Blu Solutions. Gilat's IFC solutions are recognized for their performance, reliability, and user experience and are deployed globally on thousands of aircraft.
Hagay Katz, Chief Product and Marketing Officer at Gilat, highlighted the company's commitment to meeting the growing demand for IFC capabilities with advanced and comprehensive solutions.
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