Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks Ltd. (Nasdaq: GILT) has announced that TIM Brasil has achieved over 1,000 sites using its SkyEdge II-c platform. This milestone establishes the largest 4G satellite cellular backhaul network in Latin America, enhancing rural and agriculture IoT connectivity. TIM Brasil's Sky Coverage program has benefitted from Gilat’s local support, helping to meet regulatory requirements while addressing the IoT market. The partnership exemplifies Gilat's commitment to bridging the digital divide in Brazil.

Gilat Satellite Networks Ltd. (NASDAQ: GILT) reported strong fourth quarter results, with revenue of $67.3 million, a 58% increase YoY. GAAP operating income reached $5.6 million, while non-GAAP operating income was $6.8 million. The company recorded a GAAP net income of $2.4 million or $0.04 per diluted share. For the full year 2021, revenue grew to $218.9 million, a 32% increase compared to 2020. Adjusted EBITDA also improved, reaching $15.7 million.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a significant initial order from Intelsat for its next-generation SkyEdge IV platform. This technology will enhance in-flight connectivity and cellular backhaul services across North America, leveraging the Intelsat IS-40e satellite. SkyEdge IV is designed for adaptability with very high throughput satellites (VHTS), ensuring unified operations and seamless integration. This partnership aims to elevate service levels for multiple aircraft and mobile network operators, marking a pivotal development in Gilat's strategic collaborations.

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced the expansion of its partnership with SES, integrating its SkyEdge IV platform with SES-17, a very high throughput satellite (VHTS). This collaboration will support both fixed and mobility services across the Americas, Caribbean, and Atlantic Ocean. SkyEdge IV will interface with SES’s upcoming O3b mPOWER constellation, enhancing cellular-backhaul and enterprise service capabilities. The integration promises seamless operation, enabling a resilient network using Gilat's Elastix-Total NMS system.

Gilat Satellite Networks Ltd. (GILT) has launched SkyEdge IV, a next-generation satellite communication ground system poised to capture significant opportunities in the multibillion-dollar VHTS market. This software-centric platform enhances operational efficiency and offers VSAT backward compatibility, safeguarding existing customer investments. SkyEdge IV supports multi-orbit constellations and is compatible with cloud SDN infrastructures. The platform includes ultra-high-performance VSATs capable of over 2Gbps throughput, with substantial orders already secured.

Gilat Satellite Networks Ltd. (GILT) announced its expanded partnership with Intelsat to enhance in-flight connectivity (IFC) services in Asia. Utilizing the SkyEdge II-c system, this collaboration aims to meet the growing post-COVID demand in commercial aviation. Intelsat’s Senior VP highlighted the anticipated revenue growth in the IFC segment as travel recovers. Gilat's technology is set to streamline service fulfillment, improving user experiences for airline passengers, reflecting a robust response to the rising need for internet connectivity.

Gilat Satellite Networks (Nasdaq: GILT) will announce its fourth quarter and full year 2021 financial results on February 15, 2022. Following the release, a conference call will be held at 9:30 AM EST, led by CEO Adi Sfadia and CFO Gil Benyamini, discussing results and addressing questions. Interested parties can join via a webcast on the Gilat website. The event will also be archived for 30 days. Gilat is a leader in satellite communications, providing technology and services for various applications.

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) announced a strategic deal with a Eurasian satellite service provider aimed at enhancing maritime connectivity. This collaboration involves the deployment of Gilat's SkyEdge II-c platform to deliver reliable satellite communications for commercial fishing and maritime transport markets. The technology utilizes Gemini and Capricorn VSATs and positions Gilat as a leader in the maritime sector within the region, contributing to the company’s global mobility initiatives.

Gilat Satellite Networks (Nasdaq: GILT) announced a 12-month extension of its managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico. This project enables 3G and 4G services in regions lacking terrestrial connectivity and supports disaster recovery through transportable VSATs. Gilat's technology and local expertise were key factors in receiving this extension, highlighting the company's reliability and service quality.