Welcome to our dedicated page for Gilat Satellite news (Ticker: GILT), a resource for investors and traders seeking the latest updates and insights on Gilat Satellite stock.
Gilat Satellite Networks Ltd. (GILT) delivers cutting-edge satellite communication solutions for global enterprises and government agencies. This dedicated resource provides investors and industry professionals with timely updates on the company’s operational milestones, financial performance, and technological advancements.
Access consolidated coverage of earnings announcements, strategic partnerships, product innovations, and market expansion initiatives. Our curated news collection simplifies tracking of GILT’s developments in VSAT systems, broadband connectivity solutions, and mission-critical communication infrastructure.
Discover updates across key operational areas including defense communications contracts, enterprise network upgrades, and maritime connectivity deployments. Each release is verified for accuracy, providing reliable insights into the company’s position within the satellite technology sector.
Bookmark this page for streamlined access to Gilat’s latest corporate announcements and industry analyses. Check regularly for updates on emerging technologies and market strategies shaping the future of satellite-based communications.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced Q4 2022 revenue of $73 million, marking an 8% increase year-over-year, with GAAP operating income at $6 million. For the full year, revenue reached $240 million, up 12%, and GAAP operating income amounted to $10 million. Despite the growth, the company reported a GAAP net loss of $6 million in Q4 due to a one-time tax expense of $12.9 million. Excluding this expense, net income was $6.9 million. The company's Adjusted EBITDA stood at $10 million in Q4 and $25 million for the year, reflecting a 64% increase. Notably, Isaac Angel plans to step down as Chairman, with Ami Boehm appointed as his successor.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has secured a multimillion-dollar contract to enhance satellite communication capabilities in Asia-Pacific trains. The contract involves the deployment of Gilat's ER7000 SATCOM On-The-Move antennas, ensuring continuous internet access for passengers. These antennas are recognized for their reliable broadband connectivity and efficiency, crucial for real-time communication. Gilat aims to leverage this project for future growth, illustrating its commitment to improving transportation networks and passenger services.
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) has announced its plans to release the fourth quarter and full year 2022 financial results on February 14, 2023. The announcement will be followed by a conference call hosted by CEO Adi Sfadia and CFO Gil Benyamini, who will discuss the results and business achievements at 09:30 AM EST / 16:30 IST.
Participants can join via dial-in numbers or a webcast available on Gilat's website. The webcast will also be archived for 30 days. Gilat, a leader in satellite-based broadband communications, emphasizes connectivity solutions globally.
Gilat Satellite Networks (NASDAQ: GILT) announced participation in the 25th Annual Needham Growth Conference on January 11, 2023, at the Lotte New York Palace Hotel. Management, including CEO Adi Sfadia and CFO Gil Benyamini, will engage in one-on-one investor meetings. The conference presentation is scheduled for 8 AM Eastern Time. Interested parties can arrange meetings through Needham representatives or by contacting Gilat's investor relations team via email.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) announces a significant expansion in partnership with Intelsat to enhance in-flight connectivity (IFC) in the Americas. This multimillion-dollar agreement will expand Gilat hubs in the USA and Brazil to meet the rising demand for bandwidth on Intelsat's IFC network. Gilat’s proven solutions aim to deliver high-quality communications to air travelers, supporting the post-COVID recovery of IFC services.
Gilat Satellite Networks (Nasdaq: GILT) has been chosen by Comlabs Government Systems to enhance satellite connectivity for various federal, state, and local agencies in the U.S., including nuclear facilities. This upgrade involves deploying two SkyEdge II-c hubs and numerous VSATs to ensure ‘Hyper Critical Availability’ connectivity for emergency management. Gilat's technology will facilitate the efficient distribution of alerts and warnings, reinforcing the company's foothold in the U.S. government sector, as stated by executives from both companies.
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.
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