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Gilat Satellite Networks Ltd. develops satellite-based broadband communications technology for commercial and defense applications. Company news often centers on multi-orbit ground systems, high-throughput satellite networks, in-flight connectivity, cellular backhaul, enterprise connectivity, mobility, government communications and critical infrastructure.
Recurring developments include customer orders and partnerships for SkyEdge IV, Sidewinder ESA terminals, AeroStream Ka-band aviation products, EnduroStream solid-state power amplifiers, DKET transportable terminals and defense modems. News also covers Gilat Defense, Gilat DataPath, Gilat Wavestream and Gilat Stellar Blu, along with financial results, investor conference activity, software-defined satellite communications, cloud-enabled SATCOM architecture and 5G non-terrestrial network capabilities.
Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has secured a multimillion-dollar order from a Tier-1 mobile network operator in Latin America to provide its SkyEdge II-c platform with Capricorn VSATs for 4G cellular backhaul. This major contract will enhance the operator's extensive 4G network and is bolstered by Gilat's comprehensive technical support and installation services. The order underscores Gilat's reputation for reliability and the growing demand for satellite backhaul solutions in the telecommunications sector.
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a significant order exceeding $7 million from a leading mobile network carrier in the Asia Pacific region. This order aims to expand the carrier's 4G cellular backhaul network into rural areas lacking fiber access using Gilat’s advanced SkyEdge II-c Capricorn VSATs. The agreement highlights Gilat's technological prowess and commitment to enabling rapid, cost-effective network expansion, underscoring the confidence in their satellite solutions for enhancing connectivity.
Gilat Satellite Networks (Nasdaq: GILT) announced its second quarter 2022 financial results will be released on August 9, 2022. CEO Adi Sfadia and CFO Gil Benyamini will discuss the results in a conference call starting at 9:30 AM EDT. Participants can join by dialing 1-866-744-5399 (US) or +972-3-918-0609 (International). The call will also be available via webcast, which will remain archived for 30 days. Gilat specializes in satellite-based broadband communications, offering comprehensive solutions and innovative technology for various applications.
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.