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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
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Gilat Satellite Networks Ltd. will release its fourth quarter and full year 2023 financial results on Monday, February 26, 2024. The conference call and webcast will feature discussions by the CEO and CFO about the results and business achievements, followed by a Q&A session. The webcast will be available on the Gilat website and will be archived for 30 days.
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Gilat Satellite Networks Ltd. was awarded a multimillion-dollar defense satellite connectivity project, utilizing its SkyEdge IV platform and Taurus-M modems to enhance advanced satellite communications for a leading governmental defense organization. The SkyEdge IV platform supports multi-orbit satellite constellations and cloud infrastructure, while the Taurus-M modem is designed for military and government markets, offering high-speed satellite communications for stationary and on-the-move operations.
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Gilat Satellite Networks Ltd. announced a $17 million contract with Pronatel for the expansion of a regional telecommunications project in Peru, connecting 35 new localities and dozens of public institutions in the Amazonas region. The project includes free Wi-Fi hotspots, a community tele-center, and digital access centers for a 10-year period. The expansion aims to promote telehealth, tele-education, and digital literacy among citizens in rural areas.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced the launch of a new brand identity reflecting the company’s commitment to the new space revolution and the right of all people to be connected. The new brand identity, with a newly-designed logo, encapsulates the exciting changes in the space industry, demonstrating strong growth and profitability over the past year. 2023 included important wins with satellite operators and global customers, the launch of new products, major in-flight connectivity expansions, expanded leadership in satellite-based cellular backhaul, a strategic defense acquisition, and additional growth in other areas.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has been awarded approximately three million dollars by a national police force for a multi-year project. The company's solution, based on the SkyEdge platform and a suite of services, was chosen for its ability to meet stringent security requirements and solve communication issues. Gilat will deploy a comprehensive solution to deliver reliable and secure connectivity to operators, with potential for further growth in public safety, military, and government sectors worldwide.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announces participation in the 26th Annual Needham Growth Conference in New York City from January 16-19, 2024. CEO Adi Sfadia and CFO Gil Benyamini will be available for one-on-one meetings with investors, with a presentation scheduled for January 17, 2024, at 2:15 pm Eastern Time.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has been awarded a nearly $20 million contract by the United States Army for the continuation of a program to sustain anytime, anywhere satellite connectivity. This contract is for the provision of 50W Ka-band Block Upconverters (BUCs) by the company’s US-based subsidiary, Wavestream. The BUCs are ruggedized to withstand harsh environments and enable the Satellite Transportable Terminals (STTs) to deliver a 'Communications-on-the-Pause' solution across diverse climates and conditions globally. With over a decade and a half of field-proven performance, the Wavestream 50W Ka SSPA continues to satisfy the Army’s need for dependable satellite communications in support of warfighters operating in harsh and hostile environments. This announcement showcases the company's commitment to providing proven technology for mission-critical telecommunications.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has completed the acquisition of DataPath, Inc., a market leader in trusted communications for the US DoD Military and Government sectors. The acquisition is a strong step forward in Gilat’s strategy to increase its presence in the growing defense communications market, with annual revenues in the defense sector forecasted to increase by approximately $50 million. The transaction was approved by both companies' boards and stockholders, and has received regulatory approvals, including from the Committee on Foreign Investment in the United States (CFIUS). With this acquisition, Gilat aims to leverage DataPath's presence in the US to create new opportunities for its advanced communication technologies in the defense sector, while DataPath will benefit from Gilat's international presence to expand its advanced solutions globally.
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Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announces participation at the 17th Annual Needham Virtual Security, Networking & Communications Conference on November 14, 2023. Chief Financial Officer, Gil Benyamini, to give online presentation at 9:20am Eastern Time. One-on-one meetings with investors available via video-conferencing.
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Gilat Satellite Networks Ltd. reported a 6% revenue growth to $63.9 million, with a GAAP operating income of $12.7 million and Adjusted EBITDA of $9.5 million, marking a 30% year-over-year growth. The company narrowed its 2023 revenue guidance to $265-275 million, increased its GAAP operating income guidance to $29-31 million, and narrowed its Adjusted EBITDA guidance to $35-37 million, reflecting significant year-over-year growth. Gilat also announced being awarded a $20 million contract renewal and extension from a Tier-1 MNO in the USA and a contract for satellite network modernization at Ethio Telecom.
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FAQ
What is the current stock price of Gilat Satellite Networks (GILT)?
The current stock price of Gilat Satellite Networks (GILT) is $4.875 as of November 14, 2024.
What is the market cap of Gilat Satellite Networks (GILT)?
The market cap of Gilat Satellite Networks (GILT) is approximately 282.8M.
What does Gilat Satellite Networks Ltd. specialize in?
Gilat specializes in satellite-based broadband communications, designing and manufacturing ground-based satellite equipment and providing comprehensive solutions and services.
What are the key products in Gilat's portfolio?
Gilat's portfolio includes a cloud-based VSAT network platform, high-speed modems, on-the-move antennas, and high-power solid-state amplifiers (SSPA) and block upconverters (BUC).
What applications do Gilat's solutions support?
Gilat's solutions support broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense, and public safety applications.
Can you provide recent achievements of Gilat?
Recent achievements include providing additional Ka-band BUCs for mobile STTs, supplying baseband equipment for satellite communication, and expanding IFC footprint with the Taurus modem.
What is the SkyEdge IV platform?
SkyEdge IV is Gilat's next-generation multi-service platform supporting multi-orbit operations with MEO and GEO satellites for high-performance communications.
How is Gilat contributing to social inclusion?
Gilat is involved in government-sponsored projects providing internet connectivity to rural areas not supported by terrestrial networks.
What financial performance highlights can you share about Gilat?
Gilat reported a 29% year-over-year revenue growth, a GAAP operating income of $5.4 million, and an adjusted EBITDA of $9.3 million.
Who are some of Gilat's key partners?
Gilat partners with industry leaders like SES for the O3b mPOWER constellation and provides technology for mission-critical military applications.
How does Gilat support in-flight connectivity?
Gilat's Taurus modem delivers high-performance connectivity solutions for commercial airlines and business aviation, supporting multi-orbit satellite constellations.
Where can I find more information about Gilat Satellite Networks Ltd.?
For more detailed information, visit their official website at www.gilat.com.
Gilat Satellite Networks Ltd
Nasdaq:GILT
GILT Rankings
GILT Stock Data
282.76M
57.02M
31.21%
0.09%
Communication Equipment
Technology
United States of America
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