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) delivers cutting-edge satellite communication solutions for global enterprises and government agencies. This dedicated resource provides investors and industry professionals with timely updates on the company’s operational milestones, financial performance, and technological advancements.
Access consolidated coverage of earnings announcements, strategic partnerships, product innovations, and market expansion initiatives. Our curated news collection simplifies tracking of GILT’s developments in VSAT systems, broadband connectivity solutions, and mission-critical communication infrastructure.
Discover updates across key operational areas including defense communications contracts, enterprise network upgrades, and maritime connectivity deployments. Each release is verified for accuracy, providing reliable insights into the company’s position within the satellite technology sector.
Bookmark this page for streamlined access to Gilat’s latest corporate announcements and industry analyses. Check regularly for updates on emerging technologies and market strategies shaping the future of satellite-based communications.
Gilat Satellite Networks reported strong revenue growth of 29% year-over-year in the first quarter of 2024, with GAAP operating income of $5.4 million and adjusted EBITDA of $9.3 million. The company's revenue reached $76.1 million, a significant increase compared to the previous year. Despite a decrease in GAAP operating income due to factors like lower other income and higher stock-based compensation, the non-GAAP operating income showed a positive trend. Gilat also saw improvements in net income and adjusted EBITDA compared to Q1 2023.
Gilat Satellite Networks announced the launch of its SkyEdge IV platform, enabling SES's O3b mPOWER System to provide high-performance connectivity services. SkyEdge IV is the industry's first MEO-GEO system, facilitating the deployment of Very High Throughput Satellites (VHTS) and Software Defined Satellites (SDS) for critical communications.
Gilat Satellite Networks will participate in the 19th Annual Needham Technology, Media & Consumer Conference on May 15, 2024. The CEO and CFO will be available for one-on-one meetings with investors and will give a presentation at the conference. To schedule a meeting, contact the Gilat investor relations team.
FAQ
What is the current stock price of Gilat Satellite (GILT)?
What is the market cap of Gilat Satellite (GILT)?
