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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) reported strong financial results for Q3 2022, highlighting a 21% increase in revenue to $60.4 million compared to the previous year. The company achieved a GAAP operating income of $3.4 million, up from $0.8 million, while adjusted EBITDA surged 88% year-over-year to $7.3 million. GAAP net income stood at $2.1 million versus breakeven in Q3 last year, demonstrating significant operational improvement.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) announced a multi-year, multimillion-dollar agreement with a leading UAV manufacturer to integrate its next-generation BRP60 satellite communication terminals into high/medium altitude long-endurance unmanned aerial vehicles. The BRP60 offers enhanced features and is designed for various applications worldwide. This partnership marks a significant milestone in Gilat's progress within the UAV sector, underscoring its commitment to innovative satellite-based communication solutions.
Gilat Satellite Networks (Nasdaq: GILT) has secured a multi-year agreement with Telefónica Global Solutions to enhance 4G cellular backhaul via satellite for rural areas in northern Latin America. This partnership aims to deliver connectivity solutions to millions in remote regions, leveraging Gilat's SkyEdge II-c platform. Telefónica's commitment to bridging the digital divide aligns with Gilat's leadership in satellite-based broadband communications, emphasizing their capacity to meet diverse customer needs using advanced technology.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) has been selected by Antamina for a multimillion-dollar e-learning project in San Marcos, Peru. This four-year initiative aims to provide connectivity and services to over 3,000 students and 265 educators through the deployment of terrestrial and VSAT backhauling systems. Gilat’s involvement includes the installation of a data center and provision of laptops and educational resources, enhancing digital skills in the region.
Gilat Satellite Networks has announced over $10 million in orders for Ka-band transceivers from its subsidiary Wavestream, aimed at in-flight connectivity applications. Wavestream, recognized for its AeroStream™ transceiver products, has successfully deployed over 3,000 units in commercial and business aviation globally. This partnership highlights the ongoing demand for high-performance satellite communications solutions in the aviation sector, reinforcing Gilat's position as a leader in the satellite networking industry.
Gilat Satellite Networks Ltd. (GILT) was chosen by Sencinet to provide satellite connectivity solutions for Petrobras, Brazil's largest oil and gas company. The project aims to modernize and enhance Petrobras' telecommunications capabilities using Gilat's SkyEdge II-c network. This deployment will take place across offshore platforms, ships, and land stations. Sencinet will utilize Gilat's technology to ensure high-quality services and efficient migration from legacy systems, targeting growth in the oil and gas sector and broader markets in Brazil.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) will announce its third quarter 2022 financial results on November 14, 2022. Following the announcement, a conference call led by CEO Adi Sfadia and CFO Gil Benyamini will take place at 09:30 AM EST. Investors can participate via dial-in or access a simultaneous webcast on the Gilat website. The webcast will be archived for 30 days. Established over 30 years ago, Gilat specializes in satellite-based broadband communications, offering innovative solutions for various applications including broadband access and mobility.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced multimillion-dollar orders from SES, expanding their strategic cooperation in satellite communications. These follow-on orders leverage Gilat's SkyEdge IV platform for SES's O3b mPOWER and SES-17 satellite systems, enhancing reach in maritime mobility, cellular backhaul, and fixed data. The partnership aims to meet the growing global demand for satellite services. Gilat emphasizes its commitment to innovation and comprehensive solutions across various sectors.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported a revenue of $55.5 million for Q2 2022, a 1.2% increase from the previous year. The company achieved a GAAP operating profit of $1.5 million, compared to a loss of $0.4 million in Q2 2021. Non-GAAP operating income rose to $2.4 million from $0.1 million, and GAAP net income reached $0.5 million, reversing a loss of $0.2 million last year. Adjusted EBITDA improved to $5.3 million from $2.4 million year-over-year. The company reiterated its 2022 financial guidance.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced an expansion of its contract with Internet para Todos (IPT) in Peru for 4G cellular backhaul services. This multi-year deal will deploy services across over 100 new sites aimed at enhancing internet connectivity in rural regions. IPT, a collaboration involving Telefónica and Meta, is focused on bridging the digital divide in Latin America. Gilat's technology has been pivotal in delivering broadband to previously underserved areas, reflecting its commitment to increasing connectivity and supporting economic growth in these communities.
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