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GILT On Other Exchanges
As of 10:24 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

gilat satellite networks ltd (GILT) Snapshot

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52 Week High
04/7/15 - $2,730
52 Week Low
08/4/14 - $1,565
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gilat satellite networks ltd (GILT) Details

Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication and networking solutions and services worldwide. The company operates through three divisions: Commercial, Mobility, and Services. The Commercial division provides very small aperture terminal (VSAT) networks, satellite communication products, and associated professional services to service providers and operators, including broadband access and consumer high throughput satellite initiatives; and industry specific solutions for cellular backhaul, business continuity, and disaster recovery. The Mobility division offers satellite communication products and solutions to defense and homeland security organizations; Satcom-on-the-move solutions to various industries, including avionics; and solid-state power amplifiers and block up converters for mission-critical satellite communications. This division also offers various product solutions for a range of applications targeting defense, commercial, and broadcast satellite communications systems. The Service division provides telephony, Internet access, and data services for rural areas under projects that are subsidized by governmental entities, public institutions, and the private sector. The company was founded in 1987 and is headquartered in Petah Tikva, Israel.

936 Employees
Last Reported Date: 04/1/15
Founded in 1987

gilat satellite networks ltd (GILT) Top Compensated Officers

Chief Operating Officer
Total Annual Compensation: $211.0K
Corporate Vice President and President of Gil...
Total Annual Compensation: $241.4K
Vice President of Mobility Division
Total Annual Compensation: $239.2K
Compensation as of Fiscal Year 2014.

gilat satellite networks ltd (GILT) Key Developments

Gilat Satellite Networks Ltd. Receives Orders for SkyEdge II-c Hub from Agencia Boliviana Espacial

Gilat Satellite Networks Ltd. announced that Agencia Boliviana Espacial placed an initial order for a SkyEdge II-c hub, high-throughput Gemini VSATs, SatCare maintenance and training as the basis for a national VSAT platform for its Tupac Katari Satellite Program.

Inmarsat's Global Xpress in Partnership with Gilat Satellite Networks Provides New Wholesale, Fully-Managed, High-Speed Satellite Broadband Service Access

Inmarsat and Gilat Satellite Networks Ltd. announced that, in selected regions, fixed VSAT operators can now access a new wholesale, fully-managed, high-speed satellite broadband service, delivered over Inmarsat's Global Xpress (GX) Ka-band network in partnership with Gilat Satellite Networks. Inmarsat and Gilat Satellite Networks Ltd. are offering a fully-managed service designed for Internet Service Providers (ISPs), telcos, network operators and other organizations that want to utilise the power of GX. By leasing bandwidth, VSAT operators can take advantage of a low cost-per-bit data rate, coupled with low-cost, high-throughput terminals from Gilat Satellite Networks. The service is made possible through Inmarsat's new high-speed Ka-band network, Global Xpress. The first of three satellites underpinning the GX network is already live, providing service throughout Europe, Russia, Africa, Middle East and much of Asia.

Gilat Satellite Networks Ltd. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Year 2015

Gilat Satellite Networks Ltd. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported $45,190,000 against $50,851,000 a year ago. Non-GAAP revenues were $45,190,000 against $50,851,000 a year ago. Operating loss was $4,006,000 against $1,512,000 a year ago. Non-GAAP operating loss was $2,067,000 against non-GAAP operating income of $522,000 a year ago. Loss before taxes on income was $5,357,000 against $2,546,000 a year ago. Non-GAAP loss before taxes on income was $3,418,000 against $512,000 a year ago. Net loss from continuing operations was $5,606,000 against $2,636,000 a year ago. Non-GAAP net loss from continuing operations was $3,667,000 against $602,000 a year ago. Net loss was $5,606,000 against $2,687,000 a year ago. Non-GAAP net loss was $3,667,000 against $602,000 a year ago. Basic and diluted net loss per share from continuing operations was $0.13 against $0.06 per share a year ago. Non-GAAP net loss per share basic and diluted from continuing operations was $0.09 against $0.01 per share a year ago. Net cash used in operating activities was $5,671,000 against $5,931,000 a year ago. Purchase of property and equipment was $741,000 against $525,000 a year ago. EBITDA was $180,000 against $2,785,000 a year ago. For the year 2015, the company reiterates revenue target of $250 million to $260 million and an EBITDA target of $26 million to $28 million.


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