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Stock impact report

Gilat Reports First Quarter 2021 Results

Gilat Satellite Networks Ltd (GILT)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: gilat.com/investor-relations
PDF 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. First Quarter Financial Highlights Revenues of $44.7 million versus $47.7 million in Q1 2020 and up from $42.6 million in the previous quarter;GAAP operating loss of $3.7 million versus operating loss of $10.8 million in Q1 2020 and an operating income of $62.7 million in Q4 2020; GAAP operating income in Q4 2020 included income related to the legal settlement with Comtech, net of related expenses, of $64.8 million;Non-GAAP operating loss of $3.8 million, compared with operating loss of $7.6 million in Q1 2020, and an operating loss of $1.6 million in the previous quarter;GAAP net loss of $5.1 million, or loss of $0.09 per diluted share, compared with net loss of $11.8 million, or loss of $0.21 per diluted share in Q1 2020 and net incom [Read more]
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