Revenues Increased by 17% Year-over-Year GAAP Operating Income of $6.7 Million Adjusted EBITDA of $10.7 Million PETAH TIKVA, Israel, Nov.13, 2024 (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 third quarter, ended September 30, 2024.
Furthermore, we estimate that once Stellar Blu reaches its target manufacturing capacity during the second half of 2025, its EBITDA margin will be above 10%.” Key Recent Announcements Gilat Receives Approximately $5 Million in Orders from US Defense CustomersGilat Received Over $4 Million Order from the US Department of DefenseGilat Secures Approximately $15 Million in Orders from Leading Satellite Operators for GEO, MEO and LEO ConstellationsGilat Satellite Networks Awarded approximately $4 Million Contract to Provide Connectivity for rural areas in Latin AmericaGilat Satellite Networks Receives Multimillion Service Contract from Leading Satellite Operator in APAC regionGilat Satellite Networks Awarded Over $5M in Support of the US Department of DefenseGilat Secures Over $12 Million Orders for SkyEdge Platforms from Leading Satellite Operator Conference Call Details Gilat’s management will discuss its third quarter 2024 results and business achievements and participate in a question-and-answer session: Date:Wednesday, November 13, 2024Start:09:30 AM EST / 16:30 ISTDial-in:US: 1-888-407-2553 International: +972-3-918-0609 A simultaneous webcast of the conference call will be available on the Gilat website at and through this link: The webcast will also be archived for a period of 30 days on the Company’s website and through the link above.
Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas and Israel and Hezbollah.
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