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Gilat
(NASDAQ:GILT)
Gilat (GILT) vs. SPDR S&P 500 ETF (SPY)
Gilat Business Overview & Revenue Model
Gilat Earnings Call Summary
Gilat Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 349.75M | 305.45M | 266.09M | 239.84M | 218.82M | 165.88M |
| Gross Profit | 119.03M | 113.33M | 104.94M | 86.91M | 71.62M | 41.22M |
| EBITDA | 40.62M | 43.26M | 41.83M | 22.33M | 13.82M | -5.57M |
| Net Income | 22.42M | 24.85M | 23.50M | -5.93M | -2.68M | 35.08M |
Balance Sheet | ||||||
| Total Assets | 575.88M | 429.75M | 426.89M | 385.41M | 352.99M | 393.81M |
| Cash, Cash Equivalents and Short-Term Investments | 65.40M | 119.38M | 103.96M | 86.59M | 84.02M | 88.75M |
| Total Debt | 66.02M | 8.57M | 14.90M | 3.83M | 4.10M | 8.90M |
| Total Liabilities | 260.12M | 125.31M | 152.20M | 141.29M | 120.90M | 160.00M |
| Stockholders Equity | 315.76M | 304.44M | 274.69M | 244.13M | 232.09M | 233.81M |
Cash Flow | ||||||
| Free Cash Flow | 21.26M | 25.06M | 21.20M | -1.98M | 9.97M | 38.44M |
| Operating Cash Flow | 29.50M | 31.67M | 31.94M | 10.81M | 18.90M | 43.16M |
| Investing Cash Flow | -117.20M | -6.61M | -12.69M | -8.16M | -11.09M | -4.72M |
| Financing Cash Flow | 57.72M | -8.11M | -1.59M | 0.00 | -39.00M | -24.09M |
Gilat Technical Analysis
Gilat Risk Analysis
Gilat Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $618.86M | 27.59 | 7.49% | ― | 19.67% | 12.32% | |
66 Neutral | $176.79M | 12.99 | 8.61% | ― | 5.06% | 29.66% | |
61 Neutral | $36.85B | 12.13 | -10.22% | 1.85% | 8.52% | -7.53% | |
59 Neutral | $304.91M | 22.60 | 7.32% | 3.73% | -0.93% | 3.10% | |
54 Neutral | $306.03M | 262.75 | 0.52% | ― | 6.50% | -88.62% | |
52 Neutral | $452.84M | 1,822.22 | 0.07% | ― | 5.72% | ― | |
42 Neutral | ― | ― | 130.79% | -392.49% |
Gilat Corporate Events
On September 9, 2025, Gilat Satellite Networks Ltd. announced it had secured commitments from Israeli institutional and accredited investors for a private placement of 7,058,820 Ordinary Shares at a price of $9.35 per share, raising approximately $65 million after expenses. This issuance will represent about 11% of the company’s outstanding shares post-transaction, with proceeds intended for general corporate purposes. The private placement is restricted to Israeli investors and will not be registered under U.S. securities laws, highlighting Gilat’s strategic focus on its domestic market amidst ongoing geopolitical tensions.
On September 3, 2025, Gilat Satellite Networks Ltd. announced a significant contract award exceeding $7 million to supply the U.S. Department of Defense with transportable SATCOM terminals through its subsidiary, Gilat DataPath. This contract involves the delivery of multiple units of the DKET 3421 transportable terminals, known for their reliability and scalability, by the end of 2025. This development underscores Gilat’s continued support for defense organizations seeking robust communication solutions and reinforces its position as a key provider of mission-critical connectivity solutions.
On August 28, 2025, Gilat Satellite Networks Ltd. announced a revision of their financial statements to reflect a change in segment reporting, effective from the first quarter of 2025. The company now operates through three segments: Gilat Defense Division, Gilat Commercial Division, and Gilat Peru Division. This restructuring follows the acquisition of SBS and DataPath, enhancing their portfolio with next-generation SATCOM ESA terminal solutions. Despite geopolitical tensions and military conflicts affecting operations, Gilat’s offices in Israel remained operational, showcasing resilience in challenging circumstances.
On January 6, 2025, Gilat Satellite Networks Ltd., through its subsidiary Wavestream Corporation, completed the acquisition of Stellar Blu Solutions LLC, a U.S.-based provider of SATCOM terminal solutions. The acquisition, valued at $107.8 million with additional contingent considerations, was funded through existing cash resources and a secured credit facility. This strategic move is expected to enhance Gilat’s market position in the satellite communications industry by expanding its product offerings and potentially achieving synergies, although these are not reflected in the current financial statements.
On August 20, 2025, Gilat Satellite Networks Ltd. announced it has been awarded over $60 million in orders for its Stellar Blu ESA Sidewinder in-flight connectivity terminals by a leading satellite operator. This significant order marks a milestone in Gilat’s strategy to expand in-flight connectivity, particularly with new airline fleet awards and the first production run for Boeing’s OEM linefit terminals. This development is expected to open new opportunities in high-value markets such as VVIP and special mission aircraft, enhancing Gilat’s market positioning and offering advanced connectivity solutions.
On August 14, 2025, Gilat Satellite Networks Ltd. held its Annual General Meeting of Shareholders, where all proposed resolutions were adopted. Key decisions included setting the number of directors at eight, re-electing four board members, electing one new member, and approving grants of options to board members. Additionally, the company amended its compensation policy and approved performance stock units for its CEO, Adi Sfadia. The reappointment of Kost Forer Gabbay & Kasierer as independent auditors was also ratified. These resolutions are expected to impact the company’s governance and executive compensation structure.
On August 12, 2025, Gilat Satellite Networks Ltd. released its condensed interim unaudited consolidated financial statements for the period ending June 30, 2025. The report highlights a decrease in cash and cash equivalents from $119.4 million at the end of 2024 to $64.9 million by mid-2025, indicating potential liquidity challenges. However, the company’s total assets increased to $575.9 million from $429.7 million, driven by significant growth in intangible assets and goodwill. This financial update may impact stakeholders by signaling shifts in the company’s financial health and strategic investments.
On August 12, 2025, Gilat Satellite Networks Ltd. announced that its defense division secured a multimillion-dollar contract with Israel’s Ministry of Defense. The contract involves the rapid deployment of advanced satellite communication systems tailored to meet the operational needs of Israel’s defense forces. This strategic agreement enhances Gilat’s position as a key provider of mission-critical SATCOM solutions, demonstrating its capability to deliver customized, high-performance systems for military applications.
Gilat Satellite Networks Ltd. reported strong financial results for the second quarter of 2025, with a 37% year-over-year revenue increase to $105 million and a 17% rise in adjusted EBITDA to $11.8 million. The company secured significant contracts, including a $40 million strategic contract for platform virtualization and a $60 million award from Pronatel in Peru to upgrade broadband infrastructure. Additionally, Gilat’s acquisition of Stellar Blu contributed $36 million in revenue, and the company raised its 2025 revenue and adjusted EBITDA guidance, reflecting its robust performance and strategic growth initiatives.
On August 6, 2025, Gilat Satellite Networks Ltd. announced its unaudited second-quarter results for 2025, showing a significant increase in revenues by 37% to $105 million compared to the previous year. The company reported a GAAP operating income of $5.7 million and an adjusted EBITDA of $11.8 million. Gilat has raised its 2025 revenue and EBITDA guidance, reflecting strong business momentum and strategic wins, particularly in defense communications and next-generation satellite solutions. Recent achievements include securing major contracts and orders from defense and commercial sectors, enhancing its market position and growth prospects.
On July 31, 2025, Gilat Satellite Networks Ltd. announced its participation in the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference scheduled for August 11, 2025. CEO Adi Sfadia will present and hold one-on-one meetings with investors, highlighting Gilat’s strategic engagement with the investment community. This participation underscores Gilat’s commitment to maintaining its industry presence and engaging with stakeholders, potentially impacting its market positioning and investor relations.
On July 29, 2025, Gilat Satellite Networks Ltd. announced that its defense division, Gilat Defense, secured a contract worth over $8 million from Israel’s Ministry of Defense. The contract involves the delivery and integration of advanced satellite communication systems designed to meet the operational needs of Israel’s defense forces. This strategic win underscores Gilat’s focus on the Israeli defense market and highlights the strength of its unified defense offering, which combines the capabilities of Gilat, Gilat Wavestream, and Gilat DataPath.
On July 22, 2025, Gilat Satellite Networks Ltd. announced that its subsidiary, Gilat Perú, secured approximately $60 million in orders from Pronatel, Peru’s national telecommunications program. The orders aim to upgrade the Regional Broadband infrastructure in the Apurímac, Huancavelica, and Ayacucho regions. This project will deliver 200 Mbps internet to nearly 800 public institutions over four years, significantly enhancing digital inclusion and public services in rural Peru. The initiative underscores Gilat’s commitment to bridging the digital divide and strengthening its partnership with the Peruvian State.
On July 21, 2025, Gilat Satellite Networks announced that it will release its financial results for the second quarter of 2025 on August 6, 2025. Following the release, a conference call and webcast will be held by CEO Adi Sfadia and CFO Gil Benyamini to discuss the results and business achievements. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction, potentially impacting its market positioning and investor confidence.
On July 17, 2025, Gilat Satellite Networks Ltd. announced its Proxy Statement for the upcoming Annual General Shareholders’ Meeting scheduled for August 14, 2025. The meeting will address several key proposals, including the election and re-election of board members, approval of compensation terms, and the reappointment of independent auditors. These decisions are crucial for the company’s governance and strategic direction, potentially impacting its market position and stakeholder interests.
On July 16, 2025, Gilat Satellite Networks announced that its subsidiary, Gilat DataPath, secured a contract exceeding $7 million to provide field and technical services to the U.S. Army, with potential expansion up to $70 million over five years. This award highlights Gilat’s robust capabilities in delivering critical satellite communication services, reinforcing its position as a key player in modernizing defense communication systems.
Gilat Satellite Networks Ltd. has announced its Annual General Meeting of Shareholders, scheduled for August 14, 2025. The meeting will address several key proposals, including the election and re-election of board members, approval of compensation policies, and the reappointment of auditors. These decisions are crucial for the company’s governance and strategic direction, impacting stakeholders and future operations.
On July 9, 2025, Gilat Satellite Networks Ltd. announced that its Commercial Division secured over $22 million in orders from major satellite operators worldwide. These orders, set for delivery over the next year, underscore Gilat’s growing influence in the satellite industry, particularly in the In-Flight Connectivity market. The demand for Gilat’s products highlights the company’s role in advancing connectivity across GEO, MEO, and LEO constellations, reinforcing its position as a key player in next-generation satellite networks.