Gilat Satellite Networks

Gilat Satellite Networks Ltd. engages in the provision of broadband satellite communication and networking solutions and services. It operates through the following business segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects. The Fixed Networks segment provides advanced fixed broadband satellite communication networks, satellite communication systems and associated professional services and comprehensive turnkey solutions and fully managed satellite network services solutions. The Mobility Solutions segment provides advanced on-the-move satellite communications equipment, systems, and solutions, including airborne, maritime and ground-mobile satellite systems and solutions. The Terrestrial Infrastructure Projects segment provides network infrastructure construction of the fiber and microwave network of PRONATEL in Peru. The company was founded by Yoel Gat, Gideon Kaplan, Amiram Levinberg, Joshua Levinberg, and Shlomo Tirosh in 1987 and is headquartered in Petah Tikva, Israel.

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Gilat Satellite Networks reports robust earnings, poised for market expansion

Gilat Satellite Networks delivered strong financial performance in Q4 2022, with notable revenue growth and improved EBITDA. The company's strategic partnerships, diverse revenue streams, and focus on key market segments position it well for future success.
While facing challenges such as managing costs and optimizing profitability, Gilat has opportunities to capitalize on its strengths in the satellite communication market, expand into new markets, and drive innovation.
With a solid financial position, no debt, and positive cash flow, Gilat is well-equipped to navigate market dynamics, leverage growth opportunities, and deliver value to shareholders.

Gilat Satellite Networks reports robust Q1 performance and strategic growth

Gilat Satellite Networks delivered strong financial results in Q1 2023, driven by revenue growth, improved margins, and strategic initiatives.
The company's focus on partnerships, acquisitions, and product development positions it for continued growth and market expansion.
While facing challenges such as project cancellations and market dynamics, Gilat remains optimistic about its performance and future prospects.
With a solid balance sheet, strong guidance, and a diverse product portfolio, Gilat is well-positioned for sustained success and profitability.

Gilat Satellite Networks excels in Q2, eyes growth opportunities

Gilat Satellite Networks delivered a robust performance in Q2 2023, with increased revenue, profitability, and strategic achievements. The company's financial health remains strong, supported by a solid cash position and no debt. While facing working capital challenges, Gilat is well-positioned to capitalize on growth opportunities.

Gilat Satellite Networks (GILT) excels in Q3 2023 earnings call

Gilat Satellite Networks (GILT) reported a strong Q3 2023 performance, marked by revenue growth, profitability improvements, and strategic initiatives for future growth.
The company's focus on the Satellite Network segment, IFC market strength, and upcoming acquisition of DataPath position Gilat for continued success and expansion.
While challenges in maintaining margins and integrating acquisitions exist, Gilat's financial health, market presence, and growth opportunities paint a positive outlook for investors.

Gilat Satellite Networks reports robust 2023 results and eyes defense market growth

Gilat Satellite Networks had a strong performance in 2023, marked by revenue and EBITDA growth, strategic acquisitions, and advancements in key verticals. While facing the challenge of meeting ambitious 2024 targets, the company remains optimistic about growth opportunities in defense and new product development.

Gilat Satellite Networks (GILT) reports robust Q1 growth and eyes new market opportunities

Gilat Satellite Networks (GILT) delivered a stellar performance in Q1 2024, marked by strong revenue growth and improved profitability. The company's strategic acquisitions, leadership in satellite technologies, and diverse market presence position it well for future growth. While challenges exist in maintaining momentum, Gilat's focus on innovation and market expansion presents significant opportunities for continued success.

Gilat Satellite Networks reports robust Q2 growth and strategic acquisitions

Gilat's Q2 2024 earnings call showcased strong financial performance, market leadership in satellite technology, and strategic growth initiatives. The company's focus on defense, mobility, and expansion projects positions it well for future success.

Gilat Satellite Networks reports robust Q3 performance and eyes growth

Gilat Satellite Networks demonstrated strong financial performance in Q3 2024, driven by revenue growth and operational efficiency.
While facing challenges such as narrowed revenue guidance and geopolitical uncertainties, the company maintains a strong cash position and growth opportunities.
Strategic acquisitions, successful defense contracts, and expansion into new markets position Gilat for continued growth and profitability.

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Gilat Satellite Networks Ltd. (GILT) CEO Adi Sfadia on Q1 2021 Results - Earnings Call Transcript

Gilat Satellite Networks Ltd (NASDAQ: GILT) reported a first-quarter FY21 revenue decline of 6.3% year-on-year to $44.7 million. Fixed Networks revenue rose 10% to $25.3 million, Mobility Solutions revenue declined 42.3% to $11.1 million, and Terrestrial Infrastructure Projects revenue rose 52.6% to $8.3 million.

Gilat Satellite Networks Stock Falls On Revenue, Earnings Decline

PETAH TIKVA, Israel, May 04, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter of 2021.

Gilat Reports First Quarter 2021 Results

The equipment and multi-year managed-services contract includes enterprise connectivity, with a large potential for expansion to additional applications The equipment and multi-year managed-services contract includes enterprise connectivity, with a large potential for expansion to additional applications

Gilat Enters Strategic Agreement Valued at Tens of Millions of Dollars with a Large Government Corporation in Asia Pacific

Gilat's network to provide broadband internet services to over a million and half people in the region of Cusco Gilat's network to provide broadband internet services to over a million and half people in the region of Cusco

Gilat Achieves Critical Milestone in Peru with Approval to Enter Operational Phase, Unlocking Access to Recurring Revenue of Multi Million Dollars per Annum

Gilat will deploy thousands of VSATs in remote schools to further children's education in Latin America Gilat will deploy thousands of VSATs in remote schools to further children's education in Latin America

Tier-1 Telco in Latin America Awards Gilat Over $3M to Provide Broadband Connectivity in Support of Bridging the Digital Divide

PETAH TIKVA, Israel, April 22, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received over $5M for cellular backhaul over satellite expansion from Tier-1 Mobile Network Carrier in Japan.

Gilat Receives Over $5M for Cellular Backhaul Expansion from Tier-1 Mobile Network Carrier in Japan

PETAH TIKVA, Israel, April 19, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received orders of over $20 million for support of gateways of Low Earth Orbit (LEO) constellations.

Gilat Awarded Over $20 Million in Orders for Support of Low Earth Orbit Constellation

PETAH TIKVA, Israel, April 12, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that it will release its first quarter 2021 financial results on Tuesday, May 4, 2021.

Gilat to Report First Quarter 2021 Results on May 4th

The telecom stock has been extremely volatile across this year's trading.

Why Gilat Satellite Networks Stock Sank 25.1% in March

Gilat's multi-service platform opens opportunities for additional applications in the region Gilat's multi-service platform opens opportunities for additional applications in the region

SES Selected Gilat to Enable Tier-1 4G/LTE MNO in Brazil to Provide Broadband Connectivity for Education

Gilat to provide the satellite network and thousands of VSATs to energy plants of Brazil's largest private sector energy company Gilat to provide the satellite network and thousands of VSATs to energy plants of Brazil's largest private sector energy company

Telespazio Selects Gilat to Supply Enterprise Connectivity in Brazil for a Multinational Leading Energy Company

Satellite networking technology, solutions, and services company Gilat Satellite Networks Ltd (NASDAQ: GILT) announced Isaac Angel's appointment as Gilat's Chairman of the board. Angel succeeds Dov Baharav, who retired after a seven-year tenure.

Gilat Appoints Isaac Angel As Board Chairman

PETAH TIKVA, Israel, March 09, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces the appointment of Isaac Angel as Gilat's Chairman of the Board. Isaac Angel's appointment is effective immediately, taking over from Dov Baharav who has stepped down and retired after a seven-year tenure.

Gilat Announces Appointment of Isaac Angel as Chairman of the Board

PETAH TIKVA, Israel, March 08, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that it has filed its Annual Report on Form 20-F containing audited consolidated financial statements for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission.

Gilat Announces Filing of 2020 Annual Report

Production units are planned to be shipped for usage in commercial aircraft, starting in the second quarter of 2021 Production units are planned to be shipped for usage in commercial aircraft, starting in the second quarter of 2021

Gilat's In-Flight Connectivity High-Power Transceiver Successfully Tested by Global Eagle Entertainment for DO-160G Certification

SPDR S&P Kensho Final Frontiers ETF

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Virgin Galactic

Procure Space ETF

Investors are increasingly seeing opportunity in the final frontier.

Space Economy Seen Nearly $178 Billion in Investments Since 2011

Gilat's Aquarius family of ultra-high-performance, multi-orbit VSATs provides over 2 Gigabits per second of concurrent speeds and supports seamless satellite handover Gilat's Aquarius family of ultra-high-performance, multi-orbit VSATs provides over 2 Gigabits per second of concurrent speeds and supports seamless satellite handover

Gilat Launches Next Generation VSAT Family Supporting 5G Networks and LEO/MEO Constellations

Gilat Satellite Networks Ltd. (GILT) CEO Adi Sfadia on Q4 2020 Results - Earnings Call Transcript

Investors weren't happy with the company's latest earnings report.

Why Gilat Satellite Networks Stock Fell Today

Fourth Quarter GAAP Net Profit of $62. 4 million and Adjusted EBITDA of $1.1 million Net Profit includes termination fees , net of costs

Gilat Reports Fourth Quarter and Full Year 2020 Results

Gilat's Aero modem, for Ka-band IFEC to be installed on the entire fleet of first Chinese airline and on additional domestic airlines Gilat's Aero modem, for Ka-band IFEC to be installed on the entire fleet of first Chinese airline and on additional domestic airlines

Gilat Shipped Initial Aero Modems Out of a Multi-Million-Dollar Potential in China

PETAH TIKVA, Israel, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it was awarded a multi-million-dollar contract to provide mission critical telecom systems for 29 of Peru's airports. The award of high-availability communication system was granted by CORPAC, the Peruvian Corporation of Commercial Airports and Aviation. This award follows Gilat's successful execution of large government projects and well positions Gilat for additional large deals in Peru.

CORPAC Awards Gilat Multi-Million-Dollar Contract to Provide Mission Critical Telecom Systems for Peru's Airports

PETAH TIKVA, Israel, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its subsidiary Wavestream received an award estimated at more than $50M from a leading satellite operator to support the gateways for a Low Earth Orbit (LEO) broadband satellite constellation. Wavestream has been selected to supply Gateway Solid State Power Amplifiers (SSPAs) for the project.

Gilat Awarded Contract with a Potential of Over $50 Million to Supply Wavestream's Gateway Solid State Power Amplifiers for Low Earth Orbit Constellation

These payouts have almost no history, and the buck literally stops here.

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