Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT) has announced follow-on orders to expand a defense force satellite communication (SATCOM) network in an Asian nation. This order includes the deployment of Gilat's SkyEdge II-c hubs and Capricorn VSATs, enhancing communication for emergency response and critical C4I needs. The expansion is driven by the network's improved performance. Michal Aharonov, Chief Commercial Officer, highlighted the company's role as a reliable partner in providing secure SATCOM solutions.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a follow-on order exceeding $8 million for Gateway Solid State Power Amplifiers (SSPAs) to support a Low Earth Orbit (LEO) constellation. This order is in addition to a $50 million contract from the previous year. The company’s subsidiary, Wavestream, is the sole provider for this project. Gilat emphasizes its strong manufacturing capabilities and expertise in high-power Ka-Band SSPA technologies, positioning itself to capture a significant share of the non-geostationary satellite orbit market.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) will present at the 2022 LD Micro Invitational on June 8 at 2:30 PM PT in Westlake Village, California. The company, a leader in satellite networking technology, will be represented by CFO Gil Benyamini. The event runs from June 7-9 and will showcase over 200 companies. Investors can register for the webcast here. Meetings with management are also available for interested investors.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported its Q1 2022 results, showcasing a revenue increase of 19% year-over-year, totaling $51.4 million. The company improved its financial standing, with a GAAP operating loss reduced to $1.0 million from $3.5 million in Q1 last year. Net losses also decreased, with a GAAP net loss of $2.5 million versus $5.0 million in Q1 2021. Additionally, Adjusted EBITDA turned positive at $2.5 million, improving from a loss of $1.3 million in the previous year.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) has filed its Annual Report on Form 20-F with the U.S. SEC, detailing audited financial results for the year ending December 31, 2021. The report includes revised unaudited quarterly and year-end results for 2021 and restated financial statements for 2019 and 2020. The annual report is accessible on the Gilat website, with hard copies available upon request.

Gilat is recognized for its satellite-based broadband solutions, with a diverse product portfolio catering to various sectors, ensuring high service level standards.

Gilat Satellite Networks (Nasdaq: GILT) announced it will release its first quarter 2022 financial results on May 23, 2022. Following the results, CEO Adi Sfadia and CFO Gil Benyamini will hold a conference call to discuss the outcomes and business achievements. The call is set to begin at 09:30 AM EDT and will be accessible via dial-in and a webcast on the company’s website. The webcast will also be archived for 30 days. Gilat is a leader in satellite broadband communications with a portfolio supporting various applications.

Gilat Satellite Networks has secured a multimillion-dollar contract with Intelsat to provide satellite cellular backhaul solutions in the Democratic Republic of the Congo. This initiative aims to enhance mobile connectivity, serving nearly 1,000 remote sites in a country with over 90 million residents. The deal involves Gilat's SkyEdge II-c platform and Capricorn VSATs, addressing areas where traditional backhaul networks are not feasible. This partnership emphasizes both companies' commitment to closing the digital divide through innovative satellite technology.

Gilat Satellite Networks has made significant advancements in electronically steerable antenna (ESA) technology for in-flight connectivity (IFC), successfully completing flight tests in collaboration with Airbus Defence and Space as part of the Clean Sky 2 project. The tests showcased Gilat's ESA operating with the SkyEdge II-c platform and Taurus aero MODMAN on the AMOS-17 satellite, demonstrating high performance and robustness during flight. The technology is poised for widespread adoption in the IFC market, supporting advancements in aerospace efficiency.

Gilat Satellite Networks (Nasdaq: GILT) announced a multimillion-dollar order from Intelsat to enhance in-flight connectivity (IFC) capabilities with its SkyEdge IV Taurus modems. These modems provide high-quality Wi-Fi and IPTV services for commercial and regional aircraft. The SkyEdge IV platform is backward compatible, allowing Intelsat to leverage existing technologies while expanding their service offerings. This strategic partnership aims to capture a larger share of the recovering global IFC market, responding to increasing passenger demand for reliable connectivity.