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) generates frequent news as a global provider of satellite-based broadband communications and satellite networking technology. Company announcements often highlight orders, contract awards, and platform deployments that showcase demand for its ground-based satellite equipment, multi-orbit connectivity platforms, and defense communications solutions.
Investors and industry followers can use this news stream to see how Gilat’s Commercial and Defense Divisions are performing across key markets. Recent press releases describe multi-million-dollar orders for SkyEdge IV multi-orbit platforms, gateway Solid State Power Amplifiers to support Low Earth Orbit constellations, and Aerostream Ka-band BUCs for in-flight connectivity on commercial aircraft. Other updates cover transportable SATCOM terminals supplied to the U.S. Army and contracts supporting the U.S. Department of Defense and Israel’s Ministry of Defense.
Gilat’s news also includes financial updates, such as quarterly results furnished on Form 6-K, guidance changes, and details of private placements of ordinary shares to institutional and accredited investors. These items provide insight into revenue trends, profitability metrics like Adjusted EBITDA, and the company’s capital-raising activities for general corporate purposes and potential strategic acquisitions.
On this GILT news page, readers can follow categories such as earnings reports, large equipment and platform orders, defense and government contracts, mobility and in-flight connectivity deployments, earth observation and geospatial solutions, and capital markets actions. Regularly reviewing these updates helps users understand how Gilat’s satellite networking technology is being adopted across government, defense, mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure applications.
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.
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.