Strong Revenue and EBITDA Growth
Third-quarter revenues reached $117.7 million, a 58% increase year over year. Adjusted EBITDA was $15.6 million, 46% above the same quarter last year.
Successful Private Placement
$66 million was raised from institutional and accredited investors, demonstrating confidence in Gilat's strategy and performance.
AI Integration in Network Management
First-to-market integration of AI into Gilat's network management system, enhancing efficiency and insight in satellite network operations.
Significant Wins in Defense and Commercial Segments
Gilat Defense received over $14 million in orders from the U.S. Army and the Department of Defense. Commercial segment saw a $42 million order for SkyEdge IV.
Positive Outlook and Guidance Increase
Full-year revenue guidance was increased to between $445 million and $455 million, representing a 47% growth at the midpoint.