Gilat Satellite Stock Price, News & Analysis

Gilat Satellite Networks (NASDAQ, TASE: GILT), a global leader in satellite networking technology, solutions, and services, has announced its participation in the 17th annual LD Micro Invitational. The event will take place on Wednesday, October 30, at the Luxe Sunset Boulevard Hotel in Los Angeles.

Gil Benyamini, Gilat's Chief Financial Officer, will deliver the company's presentation at 8 am PT. Both Benyamini and Mayrav Sher, Head of Finance & IR, will be available for one-on-one meetings with investors throughout the conference.

Investors interested in scheduling meetings can contact an LD Micro representative or email the Gilat investor relations team at Mayravs@gilat.com. For those unable to attend in person, remote viewing of the presentation is available through registration.

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has secured approximately $15 million in orders from several major satellite operators for its advanced satellite communications solutions. These orders cover GEO, MEO, and LEO constellations, demonstrating the company's wide state-of-the-art ground segment portfolio.

The orders are expected to be delivered over the upcoming 18 months. This development reinforces Gilat's position as a trusted provider of cutting-edge satellite technology and underscores the strong partnerships it has developed with key industry players. Gilat's solutions are critical in enabling a broad range of connectivity and enterprise services globally.

Hagay Katz, Chief Product and Marketing Officer, noted the continuous demand for Gilat's innovative satellite communications solutions as operators expand their networks to meet increasing user needs worldwide.

Gilat Satellite Networks (Nasdaq: GILT, TASE: GILT) has secured a $4 million contract to provide rural connectivity in Latin America for a period of 3 years. The company will offer critical connectivity for banking transactions and support services in remote areas.

Gilat's satellite communications solutions will ensure connectivity and business continuity for distant bank branches, covering core banking, e-mail, security, ATMs, and Point of Sale operations. The company's robust satellite network, enhanced with the latest technological advancements, meets high-quality standards required for business continuity in remote areas and during potential disasters.

Ron Levin, Gilat's Chief Commercial Officer, expressed satisfaction in supporting essential banking services in rural Latin America.

Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured a multimillion-dollar contract extension with a leading satellite operator in the Asia-Pacific (APAC) region. The 12-month extension involves Gilat continuing to manage and maintain the operator's satellite communications infrastructure, ensuring enhanced network performance and reliability for the operator's service coverage.

This agreement supports connectivity services to rural and underserved areas in the APAC region. Ron Levin, Gilat's CCO, expressed satisfaction with the continued collaboration, emphasizing the trust placed in Gilat's technology by their partners.

Gilat Satellite Networks (NASDAQ, TASE: GILT) has announced that its US subsidiary, DataPath Inc, has secured contracts worth over $5 million to support the US Department of Defense. The contracts involve:

1. Core terminal related services
2. Technology insertion
3. Upgrades to systems

DataPath will focus on sustaining and upgrading multiple Satellite Transportable Terminal (STT) units to enhance military operations. Additionally, they will upgrade existing satellite communications equipment to improve capabilities and efficiency. This reinforces Gilat's commitment to supporting the US armed forces and advancing national security.

Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured over $12 million in orders from a leading satellite operator to expand their global SATCOM network using Gilat's SkyEdge Family of VSAT Platforms. The deal is expected to be delivered within the next 12 months and offers significant future revenue prospects. The operator is utilizing Gilat's flexible architecture to ensure robust communications across diverse orbital assets.

Hagay Katz, Chief Product and Marketing Officer at Gilat, expressed enthusiasm about broadening collaboration with this key customer, highlighting the trust in Gilat's solutions. The company continues to innovate and enhance its SkyEdge platforms, providing satellite operators with functionality, scalability, and future-proof solutions.

Gilat Satellite Networks (NASDAQ, TASE: GILT), a leader in satellite networking technology, has been selected as a board member of the newly established Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium. The consortium, formed in March 2024, aims to drive innovation in satellite communication networks through agile, scalable, and cost-effective infrastructure.

Gilat's representatives on the WAVE board include Guy Levitas, Head of Research & Algorithms, and Adi Adotler, Chief Architecture Officer. Their involvement underscores Gilat's commitment to fostering an open, interoperable ecosystem in the satellite communications industry. The WAVE Consortium's mission aligns with the broader telecommunications sector's goals of expanding connectivity capabilities and meeting evolving demands.

Gilat Satellite Networks (NASDAQ, TASE: GILT) has announced the addition of SCPC mode to their SkyEdge IV Aquarius Pro modem. This next-generation modem now supports ultra-high performance over VHTS GEO and NGSO constellations, offering throughput up to 750Mbps per direction. The modem is designed for various applications including broadband, 4G and 5G backhauling, commercial maritime, cruise ships, and corporate enterprise services.

Key features of the SkyEdge IV Aquarius Pro SCPC mode include:

• Uninterrupted service support
• Seamless operation with 'make before break' NGSO satellites handover
• Switching capability between GEO and NGSO or different GEO satellites
• DVB S2X with VLSNR, MEF L2, and unique RF combining capabilities

This addition makes SkyEdge IV the most flexible system in the market for various applications.

Gilat Satellite Networks (NASDAQ: GILT, TASE: GILT) reported its Q2 2024 results, showing revenue growth of 13% year-over-year to $76.6 million. The company achieved a GAAP operating income of $2.8 million, down from $5.4 million in Q2 2023, mainly due to acquisition-related expenses. Non-GAAP operating income increased by 21% to $7.3 million. GAAP net income was $1.3 million ($0.02 per diluted share), while non-GAAP net income rose 13% to $5.6 million ($0.10 per diluted share). Adjusted EBITDA grew 10% to $10.1 million. The results reflect Gilat's strong performance in satellite networking technology, solutions, and services.