Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions, and services, has announced the filing of its Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report includes audited consolidated financial statements for the fiscal year ending December 31, 2024.

The annual report is accessible on the company's website, and shareholders can request a complimentary hard copy of the document.

Gilat Satellite Networks (NASDAQ: GILT) has secured a $6 million defense contract to provide satellite communications solutions to a military organization in the Asia-Pacific region. The contract involves delivering the SkyEdge II-c platform, designed for both fixed and mobility sites, with enhanced air interface cyber security.

The delivery is scheduled for completion within the next 3 months. The SkyEdge II-c platform is specifically engineered to meet military communications requirements, offering high resilience, efficiency, and robust security for mission-critical applications. The solution will support secure and reliable connectivity for critical defense operations.

Gilat Satellite Networks (NASDAQ: GILT) announced that its CTO Dubi Lever has been appointed as the new Chair of the WAVE Consortium Board. Lever, with 27 years of experience at Gilat, will lead WAVE's mission to transform the satellite communications industry through open, interoperable, and virtualized networks.

The WAVE Consortium, formed under IEEE-ISTO, brings together leading companies, government agencies, and research institutions to establish standardized architectures for waveform virtualization. The initiative aims to enable next-generation SATCOM networks to leverage commodity hardware and innovative software approaches for improved agility, scalability, and cost-effectiveness.

The consortium's current focus is on developing a hardware abstraction layer that allows multiple waveforms to be deployed on common hardware, enhancing flexibility and readiness for both commercial and defense customers.

Gilat Satellite Networks announced an investment of up to $3.5 million in Crosense, an early-stage startup developing disruptive drone detection and tracking technology. The funding round is co-led by Frontier Capital, demonstrating industry confidence in Crosense's innovations.

This investment aligns with Gilat's strategic expansion into the Homeland Security (HLS) and Defense sectors. Crosense is creating a new class of electronically steered antenna (ESA) based systems that address urgent security needs for airports, military bases, and critical infrastructure against unauthorized drone activity.

Unlike conventional solutions, Crosense's technology offers passive, all-weather, real-time monitoring with 24/7 coverage, providing accurate and cost-effective detection across various terrains, including dense urban environments. This partnership is expected to leverage Gilat's global marketing and sales channels to accelerate Crosense's growth and market reach.

Gilat Satellite Networks (NASDAQ: GILT) has announced the formation of its new Defense Division, appointing Gilad Landsberg as President. This strategic initiative aims to address growing demand for government and defense SATCOM solutions.

The division integrates technologies from Gilat, Gilat DataPath, Gilat Wavestream, and Gilat Stellar Blu to provide secure, rapid-deployment SATCOM solutions for military and HLS organizations, government agencies, and defense integrators. The primary focus is supporting the U.S. Department of Defense (DoD) and allied forces globally.

The division will showcase its solutions at Satellite 2025 in Washington, D.C., featuring new products including the GLT 1500 terminal, DataPath 2.6m antenna solution, and the FAR 889 and DFAR 5949 compliant Aquarius DS Family of products.

Gilat Satellite Networks reported strong Q4 and full year 2024 results with significant growth metrics. Q4 revenue reached $78.1 million (up 3% YoY) with GAAP operating income of $12.8 million and Adjusted EBITDA of $12.1 million (up 30% YoY).

Full year 2024 showed revenue of $305.4 million (up 15% YoY), GAAP operating income of $27.7 million, and a record Adjusted EBITDA of $42.2 million (up 16% YoY). The company provided optimistic 2025 guidance, projecting revenues between $415-455 million and Adjusted EBITDA of $47-53 million.

Starting January 2025, Gilat implemented a new organizational structure with three divisions: Gilat Defense, Gilat Commercial, and Gilat Peru. The Defense and In-Flight Connectivity businesses showed strong momentum with increased orders, particularly in serving US DoD needs.

Gilat Satellite Networks (NASDAQ, TASE: GILT) announced $4M in new contracts through its US subsidiary, Gilat DataPath, for portable satellite terminals from global Defense customers. The orders include CCT200, CCT120, and QCT90 models, with delivery scheduled over the next 12 months.

The C-Series and Q-Series Portable Satellite Antenna Terminals (PSATs) are designed to meet MIL-STD-810G standards, featuring robust performance in harsh environmental conditions including wind, rain, dust, and extreme temperatures. The terminals provide high-speed connectivity while maintaining a compact design.

According to Nicole Robinson, President of Gilat DataPath, these follow-on orders demonstrate continued trust from defense organizations worldwide, highlighting the terminals' exceptional durability, ease of transport, and operational simplicity in supporting diverse military operations.

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025. Following the release, CEO Adi Sfadia and CFO Gil Benyamini will host a conference call and webcast at 09:30 AM EST / 16:30 IST to discuss the company's results and business achievements. The conference call will include a Q&A session and will be accessible via US dial-in (1-888-407-2553) and International dial-in (+972-3-918-0609). A simultaneous webcast will be available on Gilat's website and will be archived for 30 days.

Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured contracts worth over $5 million through its US subsidiary, Gilat DataPath, from the US Department of Defense and other international Defense Forces. The contracts, to be delivered over the next 12 months, cover DKET terminals and Field Service Representative support worldwide.

The agreements include both contract extensions and new partnerships, demonstrating the trust in Gilat DataPath's ability to provide reliable connectivity solutions for military and defense end-users in challenging environments. The company's technical and field services are specifically designed to maintain mission-critical communications systems across diverse operational settings.