Gilat Satellite Networks ( (GILT) ) has released its Q1 earnings. Here is a breakdown of the information Gilat Satellite Networks presented to its investors.
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Gilat Satellite Networks Ltd. is a global leader in satellite-based broadband communications, providing innovative technology solutions for mission-critical operations across various sectors, including defense and commercial markets.
In the first quarter of 2025, Gilat Satellite Networks reported a 21% increase in revenues year-over-year, reaching $92 million. Despite this growth, the company experienced a GAAP operating loss of $2.7 million, primarily due to costs associated with the ramp-up of Gilat Stellar Blu and acquisition-related expenses.
Key financial metrics for the quarter included a non-GAAP operating income of $5.2 million and an adjusted EBITDA of $7.6 million. The company also highlighted significant momentum in its defense sector and the expansion of its In-Flight Connectivity (IFC) business, with the Sidewinder ESA now operational on over 150 aircraft.
Looking ahead, Gilat Satellite Networks remains optimistic about its financial performance for 2025, reiterating its guidance with expected revenues between $415 and $455 million and adjusted EBITDA between $47 and $53 million. The company is poised for a record year as it continues to capture opportunities in mission-critical communications and next-generation satellite solutions.