Gilat Satellite Networks Ltd. (NASDAQ:GILT) Q1 2024 Earnings Call Transcript May 8, 2024 Gilat Satellite Networks Ltd. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to Gilat’s First Quarter 2024 Results […]
Gilat Satellite Networks Ltd (NASDAQ:GILT) reported fiscal first-quarter 2024 revenue growth of 29% year-on-year to $76.08 million, missing the analyst consensus estimate of $77.10 million. Adjusted EPS of $0.11 beat the analyst consensus estimate of $0.06. Adjusted operating income was $6.6 million versus $5.3 million a year ago. The GAAP operating income was $5.4 million, compared with $7.0 million Y/Y. Gilat held $105.1 million in cash and equivalents as of March 31, 2024. Adi Sfadia, Gilat’s
Strong Revenue Growth of 29% Year-over-Year, GAAP Operating Income of $5.4 Million and Adjusted EBITDA of $9.3 MillionPETAH 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 op