Gilat Satellite Networks Ltd (GILT) Q3 2024 Earnings Call Highlights: Strong Revenue Growth ... [Yahoo! Finance]
Gilat Satellite Networks Ltd. - Ordinary Shares (GILT)
US:NASDAQ Investor Relations:
gilat.com/investor-relations
Company Research
Source: Yahoo! Finance
Gilat Satellite Networks Ltd ( NASDAQ:GILT ) reported a 17% year-over-year growth in revenue for Q3 2024, driven by the acquisition of DataPath and momentum in defense and inflight connectivity businesses. The company increased its adjusted EBITDA by 13% year-over-year, reaching $10.7 million. Gilat secured several contracts with the U.S. Department of Defense, totaling over $14 million, showcasing strong performance in the defense sector. The company has a strong pipeline in Peru, with recurring revenues from managed services and successful arbitration collections. Gilat is making progress in the NGSO and LEO constellation markets, securing approximately $15 million in orders from major satellite operators. Gilat's organic revenue decreased by 10% year-over-year, excluding the impact of the DataPath acquisition. The company decided to terminate its activities in Russia, impacting revenue guidance due to imposed limitations and constraints. The acquisition of Stellar Bl
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GILT
News
- Gilat Satellite Networks Ltd. (NASDAQ: GILT) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Gilat Satellite Networks Ltd. (NASDAQ: GILT) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $8.50 price target on the stock.MarketBeat
- Gilat Satellite Networks Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Gilat Reports Third Quarter 2024 ResultsGlobeNewswire
- Gilat Receives Approximately $5 Million in Orders from US Defense Customers [Yahoo! Finance]Yahoo! Finance
GILT
Earnings
- 11/13/24 - Beat
GILT
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 6-K
- 10/30/24 - Form 6-K
- GILT's page on the SEC website