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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) has announced a significant partnership with Intelsat to enhance its In-Flight Connectivity (IFC) and Cellular Backhaul services. This collaboration will involve multimillion-dollar orders for Gilat's multi-service platforms and terminals, aimed at increasing capacity across North America, Latin America, Africa, and Europe. Gilat's technology is designed to support a growing demand for satellite-based services, enhancing user experience for passengers and mobile network operators. The partnership utilizes multiple satellites, including IS-40e and IS-46, to meet increasing bandwidth needs. Gilat expresses pride in this partnership, highlighting its capability to provide high-performance connectivity across various markets.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced its first quarter 2023 financial results will be released on May 9, 2023. Following this release, CEO Adi Sfadia and CFO Gil Benyamini will hold a conference call to discuss the results and company developments.
The call is scheduled for 9:30 AM EDT / 4:30 PM IDT, with dial-in options available for US and international participants. A conference call will also be accessible via the Gilat website, where it will be archived for 30 days.
Gilat is a leader in satellite-based broadband communications, committed to providing connectivity solutions globally. The company boasts over 30 years of expertise in delivering advanced technology solutions for various applications.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced the certification of its SkyEdge IV platform for O3b mPOWER, O3b, and SES-17 by SES, marking it as the industry's first GEO-MEO multi-orbit certified system. Following rigorous testing, SES confirmed that the platform meets the requirements for high reliability and performance, ideally serving enterprise customers and mobile networks. The SkyEdge IV platform enhances SES's ability to deliver low latency and high-availability services across various applications, including maritime operations. This certification underscores Gilat's commitment to advancing satellite networking technology.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has filed its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, including audited financial statements for the year ending December 31, 2022. The report outlines the company's performance and is accessible on the Gilat website. Shareholders can request a free hard copy of the report. With over 30 years in satellite-based broadband communications, Gilat offers a comprehensive range of products, including cloud-based solutions and high-performance satellite terminals, focusing on applications like broadband access and military communications.
Gilat Satellite Networks Ltd. has successfully demonstrated a proof of concept (PoC) for converting analog signals to digital signals using the Digital Intermediate Frequency Interoperability (DIFI) 1.1 Standard. The event, showcased at Satellite 2023 in Washington, D.C., aims to enhance interoperability within the space industry’s digital transformation. This PoC highlights the digital modulator's ability to output a DVB-S2X conformant signal interoperable with a Block Upconverter (BUC) from Gilat's subsidiary, Wavestream. The DIFI standard holds promise for significant advancements in network performance and flexibility as the industry adapts to customer demands.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced the acquisition of DataPath, Inc., a leader in US Department of Defense communications. This acquisition aims to expand Gilat's presence in the Defense market, projecting an annual revenue increase of approximately $50 million. The transaction, approved by both companies' boards, is subject to regulatory approvals and is expected to close in Q3 2023. DataPath brings over 25 years of experience and specializes in mission-critical communications, enhancing Gilat's strategic position in the DoD sector. Both companies anticipate profitable growth together.
Gilat Satellite Networks has announced the launch of its new Wavestream Endurance 500W Ka-Wideband Block Upconverter, a solid-state power amplifier designed to disrupt the TWT amplifier market. This product features a fully redundant design for maximum power availability, covering both military and commercial Ka frequency bands. Currently being evaluated by the US DoD for a significant SATCOM program, Gilat anticipates follow-on orders worth millions of dollars. Wavestream has a strong track record of delivering high-performance satellite communications products, contributing to the company's robust market position.
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