Overall, Gilat reported strong revenue and EBITDA growth driven by strategic acquisitions and significant orders in key markets. The company faces some challenges in Russia and Peru, and expects slight pressure on EBITDA margins due to ongoing investments. However, the positive outlook for 2025 and strategic positioning in high-growth sectors like defense and IFC suggest a strongly positive trajectory.

Company Guidance

During Gilat's Fourth Quarter 2024 Results Conference Call on February 12, 2025, the company reported strong financial performance and provided guidance for 2025. Gilat achieved a Q4 revenue of $78.1 million, contributing to full-year revenue of $305.4 million, a 15% increase year-over-year. The adjusted EBITDA for Q4 was $12.1 million, with a full-year figure of $42.2 million, marking a 16% growth from the previous year. Looking ahead, Gilat anticipates 2025 revenues between $415 million and $455 million and an adjusted EBITDA ranging from $47 million to $53 million. The company attributed its growth prospects to strategic acquisitions, particularly Stellar Blu and DataPath, and a new organizational structure focusing on three divisions: Gilat Defense, Gilat Commercial, and Gilat Peru. These changes are expected to drive expansion in the defense and commercial markets, including in-flight connectivity and NGSO satellite solutions, despite some anticipated challenges in the Peruvian market.

Strong Revenue and EBITDA Growth

Q4 revenue reached $78.1 million, driving full year revenues to $305.4 million, a 15% increase year-over-year. Adjusted EBITDA also saw significant growth with Q4 reaching $12.1 million and the full year hitting $42.2 million, a 16% growth year-over-year.

Strategic Acquisitions Bolster Market Position

The acquisition of Stellar Blu and DataPath strengthens Gilat's position in the IFC market and defense sector, respectively. These acquisitions are expected to drive future growth and innovation.

Significant Orders and Partnerships

Received orders of approximately $19 million for network equipment from IFC partners. Strong partnerships with Intelsat, SES, and other major players continue to drive revenue growth.

Strong Performance in Defense Vertical

Gilat DataPath secured key deals, including $9 million in orders from the U.S. DoD and other international defense organizations.

Positive Outlook for 2025

Gilat expects 2025 revenues of between $415 million and $455 million and an adjusted EBITDA of between $47 million and $53 million, indicating continued growth.

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Gilat (GILT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GILT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.07 / -	0.11	―	―	―
Feb 12, 2025	2024 (Q4)	0.17 / 0.15	0.11	36.36% (+0.04)	―
Nov 13, 2024	2024 (Q3)	0.07 / 0.14	0.08	75.00% (+0.06)	―
Aug 07, 2024	2024 (Q2)	0.05 / 0.10	0.09	11.11% (+0.01)	―
May 08, 2024	2024 (Q1)	- / 0.11	0.07	57.14% (+0.04)
Feb 26, 2024	2023 (Q4)	0.06 / 0.11	0.14	-21.43% (-0.03)	―
Nov 07, 2023	2023 (Q3)	0.05 / 0.08	0.06	33.33% (+0.02)	―
Aug 08, 2023	2023 (Q2)	0.02 / 0.09	0.03	200.00% (+0.06)	―
May 09, 2023	2023 (Q1)	0.00 / 0.07	-0.03	333.33% (+0.10)	―
Feb 14, 2023	2022 (Q4)	0.06 / 0.14	0.1	40.00% (+0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GILT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	$7.39	$7.10	-3.92%
Nov 13, 2024	$5.65	$4.98	-11.86%
Aug 07, 2024	$4.16	$4.50	+8.17%
May 08, 2024	$5.59	$5.58	-0.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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