Gilat Reports First Quarter 2024 Results
Gilat Satellite Networks Ltd. - Ordinary Shares (GILT)
US:NASDAQ Investor Relations:
gilat.com/investor-relations
Company Research
Source: GlobeNewswire
PETAH TIKVA, Israel, May 08, 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 first quarter, ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $76.1 million, up 29% compared with $59.0 million in Q1 2023;GAAP operating income of $5.4 million, compared with $7.0 million in Q1 2023; The decline is mainly due to lower other income, higher stock-based compensation, mainly related to the Datapath acquisition, and amortization of purchased intangibles; Non-GAAP operating income of $6.6 million, up 25% compared with $5.3 million in Q1 2023;GAAP net income of $5.0 million, or $0.09 per diluted share, compared with $5.6 million, or $0.10 per diluted share, in Q1 2023;Non-GAAP net income of $6.0 million, or $0.11 per diluted share, almost doubled compared with $3.8 million, or $0.07 per diluted shar
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News
- Gilat Satellite Networks Ltd. Just Beat EPS By 50%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Gilat Satellite Networks First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Gilat Satellite Networks Ltd. (NASDAQ: GILT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "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 Ltd. (NASDAQ:GILT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
GILT
Sec Filings
- 5/16/24 - Form SC
- 5/8/24 - Form 6-K
- 5/7/24 - Form 6-K
- GILT's page on the SEC website