Ankündigung • Jul 16
Gilat Satellite Networks Ltd. to Report Q2, 2026 Results on Aug 05, 2026 Gilat Satellite Networks Ltd. announced that they will report Q2, 2026 results Pre-Market on Aug 05, 2026 Board Change • Jul 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent External Director Hilla Hadad Chmelnik was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪40.77, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 36x in the Communications industry in Asia. Total returns to shareholders of 74% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪36.25 per share. Buy Or Sell Opportunity • Jun 30
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to ₪39.49. The fair value is estimated to be ₪32.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to decline by 8.8% in the next year. Ankündigung • Jun 17
Gilat Satellite Networks Ltd. (NasdaqGS:GILT) entered into a definitive agreement to acquire an unknown majority stake in Satellite and Space Communications of Comtech Telecommunications Corp. (NasdaqGS:CMTL) for approximately $160 million. Gilat Satellite Networks Ltd. (NasdaqGS:GILT) entered into a definitive agreement to acquire an unknown majority stake in Satellite and Space Communications of Comtech Telecommunications Corp. (NasdaqGS:CMTL) for approximately $160 million on June 15, 2026. Under the terms of transaction, a cash consideration of $157.5 million will be paid on a cash-free, debt-free basis of which $10 million was paid in cash on June 15, 2026. The transaction will be fully funded from Gilat’s existing cash resources, supported by a strong balance sheet with approximately $170 million of net cash.
For the trailing twelve months ending January 31, 2026Satellite and Space Communications of Comtech reported total revenue of $195.2 million and EBITDA of $16.8 million.
Closing is expected in calendar Q4 2026, subject to customary closing conditions and to regulatory approvals, such as the receipt of clearance from the Committee on Foreign Investment (CFIUS) and others. In accordance with its existing credit facilities, Comtech will use 65% of the net proceeds from the transaction to prepay the majority of its senior secured credit facility, with the remaining 35% to prepay subordinated debt outstanding, starting with repaying the subordinated priority term loan. The transaction is expected to be Adjusted EBITDA accretive upon closing, with meaningful upside from identified cost and significant revenue synergies. Gilat Defense revenues are expected to double, with accelerated growth across the US government.
TD Securities (USA) LLC is acting as exclusive financial advisor to Comtech on the Transaction. Norton Rose Fulbright is acting as legal advisor to Comtech on the Transaction and amendments to its credit agreements and convertible preferred stock agreements. Naschitz Brandes Amir is acting as legal advisor to Gilat on the Transaction. Quilty Space is acting as a business advisor to Gilat in connection with the Transaction. Oppenheimer & Co. Inc. acted as financial advisor to Gilat Satellite Networks Ltd. Buy Or Sell Opportunity • Jun 11
Now 22% overvalued Over the last 90 days, the stock has fallen 17% to ₪43.01. The fair value is estimated to be ₪35.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in a year. Earnings are forecast to decline by 8.8% in the next year. Ankündigung • Jun 02
Gilat Satellite Networks Ltd Announces Expanded Portfolio For Tactical Unmanned Platforms At Eurosatory 2026 Gilat Satellite Networks Ltd. announced that Gilat Defense will showcase its expanded portfolio of products to support tactical unmanned platforms at Eurosatory 2026. Gilat Defense will be showcasing RaySat's new Viper Ka Electronically Steered Antenna (ESA). RaySat, a Gilat subsidiary, offers this advanced product, delivering secure, low-latency communications with low size, weight, and power (SWaP) and minimal aerodynamic impact for mission-critical unmanned operations. The Viper Ka supports multi-orbit operations across LEO, MEO, and GEO satellite constellations, dynamically selecting the optimal orbit based on mission requirements. This capability enables seamless adaptation to evolving operational environments. The antenna is designed to support current and future Ka-band constellations, including emerging military and defense-focused networks. With the addition of the Viper to resilient SATCOM ground infrastructure, which includes modems, portable and transportable ground terminals, BUCs, and complementary ground equipment, defense customers are provided with a comprehensive and highly adaptable portfolio that supports continuous communications across multiple satellite networks for tactical air, land, and maritime missions. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₪44.92, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 36x in the Communications industry in Asia. Total returns to shareholders of 121% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪33.65 per share. Ankündigung • May 14
Gilat Satellite Networks Ltd. Reiterates Earnings Guidance for the Year 2026 Gilat Satellite Networks Ltd. reiterates earnings guidance for the year 2026. For the period, the company expects revenue between $500 to $520 million, representing a revenue growth rate of approximately 13% at the midpoint. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: US$0.07 (vs US$0.10 loss in 1Q 2025) First quarter 2026 results: EPS: US$0.07 (up from US$0.10 loss in 1Q 2025). Revenue: US$110.5m (up 20% from 1Q 2025). Net income: US$5.23m (up US$11.2m from 1Q 2025). Profit margin: 4.7% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 32% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 30% per year and the company’s share price has also increased by 30% per year. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 9.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₪58.35, the stock trades at a forward P/E ratio of 93x. Average forward P/E is 38x in the Communications industry in Asia. Total returns to shareholders of 192% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪34.47 per share. Ankündigung • Apr 20
Gilat Satellite Networks Ltd. to Report Q1, 2026 Results on May 13, 2026 Gilat Satellite Networks Ltd. announced that they will report Q1, 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪54.00, the stock trades at a forward P/E ratio of 88x. Average forward P/E is 35x in the Communications industry in Asia. Total returns to shareholders of 196% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪38.58 per share. Buy Or Sell Opportunity • Apr 03
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₪52.58. The fair value is estimated to be ₪39.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. Reported Earnings • Mar 20
Full year 2025 earnings released: EPS: US$0.35 (vs US$0.44 in FY 2024) Full year 2025 results: EPS: US$0.35 (down from US$0.44 in FY 2024). Revenue: US$451.7m (up 48% from FY 2024). Net income: US$20.7m (down 17% from FY 2024). Profit margin: 4.6% (down from 8.1% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 28% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 40% per year. Ankündigung • Mar 18
Gilat Defense, Amazon Web Services, SES Space and Defense and the Wave Consortium to Hold A Joint Demonstration of A Virtualized Satellite Modem Operating over Cloud Infrastructure At Satellite 2026 Gilat Satellite Networks Ltd. announced that Gilat Defense, Amazon Web Services (AWS), SES Space and Defense and the WAVE Consortium will hold a joint demonstration of a virtualized satellite modem operating over cloud infrastructure at Satellite 2026 (March 23-26), which will mark a step forward in the evolution of software-defined satellite communications for defense and government use. The demonstration will feature a link with one endpoint running as a FPGA-accelerated virtualized modem on AWS cloud infrastructure, and the other endpoint using a Gilat Aquarius Pro DS modem to showcase a newly realized capability in this configuration. SATCOM Connectivity between the AWS FPGA based cloud infrastructure and the Gilat digitizer was enabled through a DIFI-compliant interface, aligned with the open architecture defined by the WAVE Consortium and leveraging AWS GenAI capabilities. This achievement demonstrates how modem capabilities can be deployed as software, independent of custom-made hardware, enabling a new level of flexibility, scalability, and long-term adaptability for defense sovereign SATCOM networks. By virtualizing modem functionality and leveraging cloud infrastructure, the demonstrated architecture will allow defense organizations to introduce new capabilities through software, adapt to changing operational requirements seamlessly running different waveforms on the same infrastructure, and reduce long-term reliance on fixed hardware configurations. The use of standardized, open interfaces supports multi-vendor interoperability and future technology integration. Open architecture is at the core of the WAVE Consortium. This demonstration highlights how WAVE-aligned systems, built on standardized interfaces such as DIFI, utilizing FPGA technology which is of essence for the defense segment, enable interoperability across vendors and platforms and provide a strong foundation for next-generation SATCOM. Flexible, software-defined architectures are central to how defense communications will evolve, and this demonstration highlights the role collaboration plays in enabling that future. The demonstration will take place March 24 and 25. Ankündigung • Mar 05
Gilat Satellite Networks Ltd. Showcases Next-Generation Satellite Communications Solutions At Satellite 2026 Gilat Satellite Networks Ltd. announced that it will showcase a comprehensive suite of advanced next-generation satellite communications solutions at Satellite 2026, taking place March 23-26 in Washington, D.C. At the event, Gilat will present its leadership in enabling advanced connectivity across GEO, MEO, and LEO constellations, supporting a diverse set of applications across mobility, enterprise, aviation, and broadband markets. SkyEdge IV, the next-generation multi-orbit satellite networking platform with evolution path to 5G NTN, demonstrating end-to-end satellite link with 5G VSAT using DiFi interface. ESA terminals, including Sidewinder and ESR-2030, designed for high-performance mobility and IFC services. High-power SSPAs for TWTA replacement, offering efficiency, reliability, and long-term operational value. IFC terminals supporting all aviation market segments, from regional to long-haul fleets, with high-speed, resilient connectivity. Digital Inclusion Solutions that extend broadband access to remote and underserved communities. Together, these technologies and solutions demonstrate Gilat’s ability to deliver scalable, high-performance satellite connectivity solutions that address the evolving needs of global connectivity, even in the most remote locations. Gilat invites attendees to visit Booth 2821 to meet with Gilat’s executives and technology experts to explore the full portfolio of commercial satellite communications solutions and learn how Gilat is shaping the future of multi-orbit, multi-service connectivity for the world’s most demanding networks. Ankündigung • Mar 03
Gilat Satellite Networks Ltd. to Showcase Advanced Defense Connectivity Solutions at Satellite 2026 Gilat Satellite Networks Ltd. announced that its defense division, Gilat Defense, will showcase a comprehensive suite of advanced defense-grade connectivity technologies at Satellite 2026, taking place March 23-26 in Washington, D.C. At the show, Gilat Defense will showcase proven solutions offering multi-domain and multi-orbit flexibility, as well as integrated commercial technologies to enhance defense capabilities. Visitors to the Gilat Defense booth will experience hands-on demonstrations and interactive displays across a wide range of defense technologies, including: High-performance defense modems including the GLT 2000 SDR and SkyEdge IV DS modems; Earth Observation Mobile Ground Stations enabling fast field-level access to imagery and data; Unmanned connectivity solutions, supporting UAVs operational links; Portable and transportable terminals engineered for rapid deployment in contested areas, including the DKET Family; High-power SSPAs supporting tactical and strategic missions, including the PowerStream SSPA family and the EnduroStream BUCs. Together, these solutions and others reinforce Gilat Defense’s role as a trusted provider of resilient, field-proven communications systems that empower mission success across multiple operational theaters, on land, sea, air and space. Gilat Defense invites attendees to visit Booth 2923 to explore the full range of defense communications technologies, meet with product and engineering experts, and learn how Gilat Defense is shaping the future of mission-critical connectivity. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₪52.00, the stock trades at a forward P/E ratio of 81x. Average forward P/E is 37x in the Communications industry in Asia. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪40.07 per share. Ankündigung • Feb 26
Gilat Demonstrates 5G NTN End-To-End Connectivity over GEO Satellite Gilat Satellite Networks Ltd. announced the successful demonstration of 3GPP-compliant 5G Non-Terrestrial Network (NTN) connectivity over a Geostationary Earth Orbit (GEO) satellite. The demonstration validated the delivery of end-to-end high performance standardized 5G NTN services over existing GEO satellite infrastructure, representing a significant step toward seamless terrestrial-non-terrestrial network integration. More specifically, the demonstration confirmed key 5G NTN capabilities required for GEO operation, including 5G NTN VSAT and Hub technologies, latency compensation and protocol optimizations, addressing one of the primary technical challenges of 5G NTN over GEO satellites. For mobile network operators, this milestone demonstrates how 5G NTN can complement terrestrial networks, providing ubiquitous connectivity where traditional cellular coverage is unavailable or impractical. Buy Or Sell Opportunity • Feb 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to ₪46.45. The fair value is estimated to be ₪38.29, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 83% in the next 2 years. Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: US$0.35 (vs US$0.44 in FY 2024) Full year 2025 results: EPS: US$0.35 (down from US$0.44 in FY 2024). Revenue: US$451.7m (up 48% from FY 2024). Net income: US$20.7m (down 17% from FY 2024). Profit margin: 4.6% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 29% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 6.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.9% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Ankündigung • Feb 10
Gilat Satellite Networks Ltd. Provides Earnings Guidance for the Year 2026 Gilat Satellite Networks Ltd. provided earnings guidance for the year 2026. Management’s financial guidance for 2026 is for revenue of between $500 to $520 million, representing a revenue growth rate of approximately 13% at the midpoint. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₪47.00, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 38x in the Communications industry in Asia. Total returns to shareholders of 127% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪22.57 per share. Ankündigung • Jan 22
Gilat Satellite Networks Ltd. to Report Q4, 2025 Results on Feb 10, 2026 Gilat Satellite Networks Ltd. announced that they will report Q4, 2025 results on Feb 10, 2026 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₪47.90, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 37x in the Communications industry in Asia. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₪28.40 per share. New Risk • Jan 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (28% increase in shares outstanding). Ankündigung • Dec 16
Gilat Satellite Networks Ltd. announced that it expects to receive $100.000001 million in funding Gilat Satellite Networks Ltd. announced a private placement with Israeli institutional and accredited investors to issue 8,888,889 ordinary shares at an issue price $11.25 for gross proceeds of $100,000,001.25 on December 16, 2025. The closing of the transaction is subject to customary closing conditions and is expected to be completed in December 2025. The company expects to receive proceeds from the sale of the shares, after deducting offering expenses, of approximately $98,800,000. The company will pay $1,200,001.25 as offering expenses. The ordinary shares will be subject to certain transfer restrictions. Buy Or Sell Opportunity • Dec 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to ₪39.43. The fair value is estimated to be ₪32.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 54%. Revenue is forecast to grow by 25% in a year. Earnings are forecast to decline by 9.2% in the next year. Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: US$0.14 (vs US$0.12 in 3Q 2024) Third quarter 2025 results: EPS: US$0.14 (up from US$0.12 in 3Q 2024). Revenue: US$117.7m (up 58% from 3Q 2024). Net income: US$8.10m (up 19% from 3Q 2024). Profit margin: 6.9% (down from 9.1% in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 13
Gilat Satellite Networks Ltd. Revises Earnings Guidance for the Year 2025 Gilat Satellite Networks Ltd. revised earnings guidance for the year 2025. For the year, the company narrowing the guidance to revenues between $445 million and $455 million for Fiscal Year 2025, representing a higher revenue growth rate of approximately 47% at the midpoint. Previously, management had expected revenue for 2025 between $435 million and $455 million. Buy Or Sell Opportunity • Nov 08
Now 22% undervalued Over the last 90 days, the stock has risen 37% to ₪41.77. The fair value is estimated to be ₪53.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 64%. Revenue is forecast to grow by 35% in a year. Earnings are forecast to decline by 3.5% in the next year. Ankündigung • Oct 22
Gilat Satellite Networks Ltd. to Report Q3, 2025 Results on Nov 12, 2025 Gilat Satellite Networks Ltd. announced that they will report Q3, 2025 results on Nov 12, 2025 New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Ankündigung • Sep 17
Gilat Satellite Networks Ltd. announced that it has received $65.999967 million in funding On September 16, 2025, the company has closed the transaction. Ankündigung • Sep 11
Gilat Satellite Networks Ltd. Becomes First to Market with AI-Powered Network Management System Gilat Satellite Networks Ltd. announced the AI transformation of its Network Management System (NMS), integrating Model Context Protocol (MCP). The new AI capabilities are available immediately. This integration introduces a new NMS-MCP, which acts as a gateway between the NMS and AI agents. The NMS-MCP supports authentication, licensing, and secure communication, ensuring compliance and operational integrity. AI Models of GPT Series 4, 5 and 5 mini as well as o3, o4, o4 mini and Claude Sonnet 4 are available for interfacing to the Total-NMS. Examples of AI Use Cases Enabled: NOC AI Agent: An AI-driven Network Operations Center (NOC) agent can continuously monitor system health, detect anomalies, and take proactive measures. For example, in case of performance degradation or resource bottlenecks, the agent can automatically trigger corrective actions such as restarting services, reallocating resources, or escalating issues to human operators when necessary. SDS AI Agent: For Software-Defined Satellite (SDS) environments, an AI agent can dynamically adjust network configurations based on business priorities, traffic patterns, and service-level agreements. This ensures optimal resource utilization and improved Quality of Service (QoS) for end-users. Ankündigung • Sep 10
Gilat Satellite Networks Ltd. announced that it expects to receive $65.999967 million in funding Gilat Satellite Networks Ltd. announces that it has entered into a private placement to issue 7,058,820 Ordinary Shares at a price of $9.35 per shares for gross proceeds of $65,999,967 on September 9, 2025. The closing of the transaction is subject to customary closing conditions and is expected to be completed in September 2025. The transaction will include participation from Israeli institutional and accredited investors. The transaction has been approved by the board of directors of the company. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: US$0.17 (vs US$0.023 in 2Q 2024) Second quarter 2025 results: EPS: US$0.17 (up from US$0.023 in 2Q 2024). Revenue: US$105.0m (up 37% from 2Q 2024). Net income: US$9.83m (up US$8.53m from 2Q 2024). Profit margin: 9.4% (up from 1.7% in 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 06
Gilat Satellite Networks Ltd. Updates Earnings Guidance for the the Year 2025 Gilat Satellite Networks Ltd. updated earnings guidance for the the year 2025. For the year, the company now expects revenue for 2025 between $435 million and $455 million, representing a higher revenue growth rate of approximately 46% at the midpoint. Previously management had expected revenue for 2025 between $415 million and $455 million, for a 42% growth rate at the midpoint. Board Change • Jul 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Ami Shafran was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Jul 21
Gilat Satellite Networks Ltd. to Report Q2, 2025 Results on Aug 06, 2025 Gilat Satellite Networks Ltd. announced that they will report Q2, 2025 results on Aug 06, 2025 Ankündigung • Jul 11
Gilat Satellite Networks Ltd., Annual General Meeting, Aug 14, 2025 Gilat Satellite Networks Ltd., Annual General Meeting, Aug 14, 2025. Location: 21 yegia kapayim street, kiryat arye, petah tikva 4913020, Israel Ankündigung • May 20
Gilat Satellite Networks Ltd. Reiterates Earnings Guidance for the Year 2025 Gilat Satellite Networks Ltd. reiterated earnings guidance for the year 2025. The company reiterated its guidance for 2025. Expectations are for revenue between $415 and $455 million, representing year-over-year growth of 42% at the midpoint. Reported Earnings • May 19
First quarter 2025 earnings released: US$0.10 loss per share (vs US$0.087 profit in 1Q 2024) First quarter 2025 results: US$0.10 loss per share (down from US$0.087 profit in 1Q 2024). Revenue: US$92.0m (up 21% from 1Q 2024). Net loss: US$6.00m (down 221% from profit in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • May 12
Gilat Satellite Networks Ltd. Announces Successful Completion of Series of Test Flights Featuring its ESR-2030Ku Electromated Antenna Terminal Gilat Satellite Networks Ltd. announced the successful completion of a series of test flights featuring its ESR-2030Ku electronically steered antenna (ESA). Conducted in collaboration with Gogo, which will be the exclusive distributor of the antenna for the business aviation and defense markets, the tests demonstrated outstanding performance of the ESA on the OneWeb Low Earth Orbit (LEO) network. The ESR-2030Ku designed for mobility and engineered for efficiency delivered full-duplex connectivity with throughput of 195 Mbps downlink and 32 Mbps uplink. The terminal remained stable and reliable throughout the tests, even in demanding performance scenarios. Production hardware delivery to support customer STCs is expected later in 2025. Ankündigung • Apr 24
Gilat Satellite Networks Ltd. to Report Q1, 2025 Results on May 19, 2025 Gilat Satellite Networks Ltd. announced that they will report Q1, 2025 results on May 19, 2025 Reported Earnings • Mar 30
Full year 2024 earnings released: EPS: US$0.44 (vs US$0.41 in FY 2023) Full year 2024 results: EPS: US$0.44 (up from US$0.41 in FY 2023). Revenue: US$305.4m (up 15% from FY 2023). Net income: US$24.8m (up 5.7% from FY 2023). Profit margin: 8.1% (down from 8.8% in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Mar 04
Gilat Satellite Networks Ltd. and WAVE Consortium Announces the Appointment of Dubi Lever as Chief Technology Officer At Gilat Satellite Networks and as the New Chair of the WAVE Board Gilat Satellite Networks Ltd. and Waveform Architecture for Virtualized Ecosystems (WAVE) Consortium announced the appointment of Dubi Lever, Chief Technology Officer (CTO) at Gilat Satellite Networks, as the new Chair of the WAVE Board. Lever, who brings over 27 years of experience at Gilat, steps into this role with a clear vision for advancing the WAVE mission: transforming the satellite communications (SATCOM) industry through open, interoperable, and virtualized networks. Formed under the auspices of IEEE-ISTO, WAVE comprises leading companies, government agencies, and research institutions working together to establish standardized architectures and specifications for waveform virtualization. WAVE’s foundational goal is to ensure that next-generation SATCOM networks can take advantage of commodity hardware and novel software approaches, achieving greater agility, scalability, and cost-effectiveness. As the WAVE Board Chair, Lever will lead strategic initiatives to strengthen cross-industry collaboration, streamline technology adoption, and accelerate the consortium’s efforts to create innovative solutions that serve both commercial and defense markets. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪27.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 31x in the Communications industry in Asia. Total returns to shareholders of 9.5% over the past three years. Ankündigung • Feb 18
Gilad Landsberg Appoints President of Gilat Satellite Networks Ltd.'S Defense Division Gilad Landsberg has been appointed President of Gilat Satellite Networks Ltd.'s Defense Division, bringing over 20 years of experience in the defense industry. Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: US$0.44 (vs US$0.41 in FY 2023) Full year 2024 results: EPS: US$0.44 (up from US$0.41 in FY 2023). Revenue: US$305.4m (up 15% from FY 2023). Net income: US$24.8m (up 5.7% from FY 2023). Profit margin: 8.1% (down from 8.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Feb 13
Gilat Satellite Networks Ltd. Provides Earnings Guidance for the Year 2025 Gilat Satellite Networks Ltd. provided earnings guidance for the year 2025. Management's financial guidance for 2025 is for revenues of between $415 million to $455 million. Ankündigung • Jan 22
Gilat Satellite Networks Ltd. to Report Q4, 2024 Results on Feb 12, 2025 Gilat Satellite Networks Ltd. announced that they will report Q4, 2024 results on Feb 12, 2025 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₪22.43, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 28x in the Communications industry in Asia. Total loss to shareholders of 4.9% over the past three years. New Risk • Dec 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: US$0.12 (vs US$0.18 in 3Q 2023) Third quarter 2024 results: EPS: US$0.12 (down from US$0.18 in 3Q 2023). Revenue: US$74.6m (up 17% from 3Q 2023). Net income: US$6.82m (down 33% from 3Q 2023). Profit margin: 9.1% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Ankündigung • Nov 13
Gilat Satellite Networks Ltd. Provides Earnings Guidance for the Year 2024 Gilat Satellite Networks Ltd. provided earnings guidance for the year 2024. For the year, the company expected revenue between $305 million to $315 million now represent year-over-year growth of 17% at the mid-point. The main effect on the revenue guidance is the company’s decision to terminate its activities in Russia due to limitations and constraints that are imposed with regard to operations there. The Company raised and narrowed the range of its 2024 GAAP operating income guidance to between $24 million to $26 million, mainly due to the receipt of approximately $11 million in proceeds from an arbitration in Peru in second half 2024. Ankündigung • Oct 21
Gilat Satellite Networks Ltd. to Report Q3, 2024 Results on Nov 13, 2024 Gilat Satellite Networks Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Ankündigung • Aug 13
Gilat Satellite Networks Ltd. Announces the Addition of SCPC Offering to the SkyEdge IV Aquarius Pro Modem Gilat Satellite Networks Ltd. announced that their next-generation SkyEdge IV Aquarius modem now supports SCPC mode. The SkyEdge IV Aquarius Pro modem offers ultra-high performance over next-generation VHTS GEO and NGSO constellations. It is the ideal solution for ultra-high throughput trunks, up to 750Mbps per direction, for a wide range of fixed and mobility applications including broadband, 4G and 5G backhauling, commercial maritime and cruise ships, and corporate enterprise services. As part of a SkyEdge IV Network, the SkyEdge IV Aquarius Pro SCPC mode is designed to provide uninterrupted service, supporting next-generation software-defined satellites. It enables seamless operation, “make before break” NGSO satellites handover, switching between GEO and NGSO or between different GEO satellites. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.023 (vs US$0.076 in 2Q 2023) Second quarter 2024 results: EPS: US$0.023 (down from US$0.076 in 2Q 2023). Revenue: US$76.6m (up 13% from 2Q 2023). Net income: US$1.30m (down 70% from 2Q 2023). Profit margin: 1.7% (down from 6.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 20% per year. Ankündigung • Jul 12
Gilat Satellite Networks Ltd. to Report Q2, 2024 Results on Aug 07, 2024 Gilat Satellite Networks Ltd. announced that they will report Q2, 2024 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₪16.54, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Communications industry in Asia. Total loss to shareholders of 48% over the past three years. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$0.087 (vs US$0.099 in 1Q 2023) First quarter 2024 results: EPS: US$0.087 (down from US$0.099 in 1Q 2023). Revenue: US$76.1m (up 29% from 1Q 2023). Net income: US$4.96m (down 11% from 1Q 2023). Profit margin: 6.5% (down from 9.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 19
Gilat Satellite Networks Ltd. to Report Q1, 2024 Results on May 08, 2024 Gilat Satellite Networks Ltd. announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on May 08, 2024 Ankündigung • Mar 22
Gilat Satellite Networks Ltd., Annual General Meeting, May 02, 2024 Gilat Satellite Networks Ltd., Annual General Meeting, May 02, 2024, at 10:00 Israel Standard Time. Location: 21 Yegia Kapayim Street, Kiryat Arye Petah Tikva Israel Agenda: To re-elect five members of the Board of Directors to serve until the Company’s next annual general meeting of shareholders and until their successors have been duly elected and qualified; to to re-elect Mr. Amikam (Ami) Shafran to serve as an external director for an additional three-year term; to subject to his election pursuant to Item No. 2, to approve a grant of options to Mr. Amikam (Ami) Shafran, as described in the Proxy Statement; and to consider other matters. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to ₪20.27. The fair value is estimated to be ₪25.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to decline by 6.8% in the next 2 years. Ankündigung • Feb 29
Gilat Satellite Networks Ltd. Provides Earnings Guidance for the Year 2024 Gilat Satellite Networks Ltd. provided earnings guidance for the year 2024. For the year, the company expects revenues of between $305 million to $325 million, representing year-over-year growth of 18% at the midpoint. GAAP operating income is expected to be between $15 million to $19 million. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: US$0.41 (vs US$0.10 loss in FY 2022) Full year 2023 results: EPS: US$0.41 (up from US$0.10 loss in FY 2022). Revenue: US$266.1m (up 11% from FY 2022). Net income: US$23.5m (up US$29.4m from FY 2022). Profit margin: 8.8% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Communications industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 08
Gilat Satellite Networks Ltd. to Report Second Half, 2023 Results on Feb 26, 2024 Gilat Satellite Networks Ltd. announced that they will report second half, 2023 results on Feb 26, 2024 Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Ronit Malach was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 17
Gilat Satellite Networks Ltd. (NasdaqGS:GILT) completed the acquisition of DataPath, Inc. Gilat Satellite Networks Ltd. (NasdaqGS:GILT) signed a definitive agreement to acquire DataPath, Inc. on March 8, 2023. The acquisition price has a fixed component and an airline component that together total to an enterprise value of up to $45 million. As part of the acquisition, Gilat will assume approximately $15 million of DataPath debt mainly to banks and most of the remainder of the purchase price of up to $30 million, including the airline portion, will be paid in Gilat shares. The closing of the transaction is subject to certain regulatory approvals, including the receipt of clearance of the Committee on Foreign Investment in the United States (CFIUS), and other customary closing conditions. The transaction has been approved by the Gilat board of directors and by DataPath’s board of directors and stockholder. The acquisition is expected to close in the third quarter of 2023. Gilat expects its annual revenues in the Defense sector to increase by approximately $50 Million following the closing of the acquisition. As of August 8, 2023 we anticipate that the closing of the transaction will occur in Q4 2023.Needham & Company LLC and Quilty Analytics LLC are serving as financial advisors to Gilat. Naschitz Brandes Amir & Co. and Foley and Lardner LLP are acting as Gilat’s legal counsel. RCBG is serving as an exclusive financial advisor to DataPath. DLA Piper LLP and Greenberg Traurig are acting as DataPath’s legal counsel. KippsDeSanto & Company acted as financial advisor to DataPath, Inc. Gilat Satellite Networks Ltd. (NasdaqGS:GILT) completed the acquisition of DataPath, Inc. on November 16, 2023. The transaction received regulatory approvals, including the receipt of clearance from the Committee on Foreign Investment in the United States. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.18 (vs US$0.037 in 3Q 2022) Third quarter 2023 results: EPS: US$0.18 (up from US$0.037 in 3Q 2022). Revenue: US$63.9m (up 5.9% from 3Q 2022). Net income: US$10.2m (up 379% from 3Q 2022). Profit margin: 16% (up from 3.5% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Ankündigung • Oct 12
Gilat Satellite Networks Ltd. to Report Q3, 2023 Results on Nov 07, 2023 Gilat Satellite Networks Ltd. announced that they will report Q3, 2023 results on Nov 07, 2023 Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.076 (vs US$0.009 in 2Q 2022) Second quarter 2023 results: EPS: US$0.076 (up from US$0.009 in 2Q 2022). Revenue: US$67.6m (up 22% from 2Q 2022). Net income: US$4.33m (up US$3.82m from 2Q 2022). Profit margin: 6.4% (up from 0.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Jul 12
Gilat Satellite Networks Ltd. to Report Q2, 2023 Results on Aug 08, 2023 Gilat Satellite Networks Ltd. announced that they will report Q2, 2023 results on Aug 08, 2023 Ankündigung • May 19
Gilat Satellite Networks Ltd. Announces Board Resignations Gilat Satellite Networks Ltd. announced that at its AGM to be held on June 15, 2023, Mr. Elyezer Shkedy and Mr. Amiram Shafran is not standing for re-election of directors. Mr. Elyezer Shkedy (67) has served on its board of directors since June 2017. Mr. Shkedy is a business development manager and consultant. From January 2010 to March 2014, Mr. Shkedy was the Chief Executive Officer of El-Al Israel Airlines. Prior to joining El-Al, Mr. Shkedy served as Commander of the Israeli Air Force, from April 2004 until May 2008, after a long career as a fighter pilot and moving up through several command positions in the Israeli Air Force. Mr. Shkedy serves as member of managing boards at several other non-profit companies and organizations. Previously, in 2018- 2019, Mr. Shkedy served as board member in Paz Oil Company Ltd. (TASE), and between 2015 2020 served as chairman of the board (pro bono) at Osim Shinui Shamaym Vearetz Ltd., a company for a public cause. Mr. Shkedy holds an M.A. degree (with distinction) in Systems Management from NPS, the Naval Postgraduate School in Monterey, California, U.S. and a B.Sc. degree in Mathematics and Computer Science (with distinction) from Ben Gurion University in Israel. Mr. Amiram Shafran (69) has served on its Board of Directors since January 2021. Mr. Shafran has served since 2018 as a venture partner at Moneta Capital, an Israeli venture capital fund focused in the Fintech and Insuretech domains. Since 2020, Mr. Shafran has served as director at Gencell (TASE). Since 2013, Mr. Shafran has served as the head of the Cyber Innovation Center at Ariel University and since 2021 as Chairman of the Executive Committee of the University. Mr. Shafran served as Chairman of the Board at Native Alpha Cybertech Management Ltd. during 2021. From 2006 through 2011, Mr. Shafran served as Commander of the information, communications and cyber command (C4I of the Israel Defense Forces). In 2002, Mr. Shafran served as head of the research and development unit of the Israeli Ministry of Defense, (MAFAT); as chief of staff of the Ministry of Defense and the Research and Development Attaché at the Israeli Embassy in Washington DC. Mr. Shafran had also served as director of Rafael Advance Defense Systems Ltd. for three years and as a director at ISI - ImageSat International N.V. Since 2017, Mr. Shafran serves as a director of Paz Group (TASE), as a non-executive chair of Elsight (Australian Stock Exchange or ASX), and as head of the advisory board at Security Matters (ASX/Nasdaq). Mr. Shafran servesas Chairman of the Board of Pazkar Ltd. and Paz Lub Ltd., as a member of the board of directors of Waterfall Security Solutions, and as President of Enigmatos Ltd., an automotive cyber security company and other non-public companies. Mr. Shafran holds a B.Sc. degree in Electrical Engineering from the Ben Gurion University in Israel and a M.B.A. degree from the Tel Aviv University. Ankündigung • May 11
Gilat Satellite Networks Ltd., Annual General Meeting, Jun 15, 2023 Gilat Satellite Networks Ltd., Annual General Meeting, Jun 15, 2023, at 15:00 Israel Standard Time. Location: 21 Yegia Kapayim Street, Kiryat Arye, Petah Tikva 4913020 Petah Tikva Israel Agenda: To re-elect four members of the Board of Directors and elect one new member of the Board of Directors to serve until the Company’s next annual general meeting of shareholders and until their successors have been duly elected and qualified; to re-elect Mr. Elyezer Shkedy to serve as an external director for an additional three-year term; to approve a separation grant and a special bonus to Mr. Isaac Angel, the retiring Chairman of the Board of Directors; to approve a grant of options to Mr. Adi Sfadia, the Company’s Chief Executive Officer; to ratify and approve the reappointment and compensation of Kost Forer Gabbay & Kasierer, a member of Ernst & Young Global, as independent registered public accountants for the fiscal year ending December 31, 2023, and for such additional period until the next annual general meeting of shareholders; and to consider other matters. Ankündigung • May 10
Gilat Satellite Networks Ltd. Raises Earnings Guidance for 2023 Gilat Satellite Networks Ltd. raises operating income guidance for 2023. For the period, the company raised its GAAP operating income guidance to between $16 to $20 million, representing year-over-year growth of 81% at the mid-point. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.099 (vs US$0.045 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.099 (up from US$0.045 loss in 1Q 2022). Revenue: US$59.0m (up 15% from 1Q 2022). Net income: US$5.58m (up US$8.11m from 1Q 2022). Profit margin: 9.5% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 16
Full year 2022 earnings released: US$0.10 loss per share (vs US$0.054 loss in FY 2021) Full year 2022 results: US$0.10 loss per share (further deteriorated from US$0.054 loss in FY 2021). Revenue: US$239.8m (up 12% from FY 2021). Net loss: US$5.93m (loss widened 96% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Ankündigung • Feb 15
Gilat Satellite Networks Ltd. Announces Board Changes Gilat Satellite Networks Ltd. announces Mr. Isaac Angel, Chairman of the Board, announced his plans to step down from his chairman and directorship positions effective March 8, 2023. The Board has appointed Mr. Ami Boehm as the new Chairman of the Board. Reported Earnings • Feb 14
Full year 2022 earnings released: US$0.10 loss per share (vs US$0.054 loss in FY 2021) Full year 2022 results: US$0.10 loss per share (further deteriorated from US$0.054 loss in FY 2021). Revenue: US$239.8m (up 12% from FY 2021). Net loss: US$5.93m (loss widened 96% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 19
Gilat Satellite Networks Ltd. to Report Q4, 2022 Results on Feb 14, 2023 Gilat Satellite Networks Ltd. announced that they will report Q4, 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: US$0.037 (vs US$0.003 in 3Q 2021) Third quarter 2022 results: EPS: US$0.037 (up from US$0.003 in 3Q 2021). Revenue: US$60.4m (up 21% from 3Q 2021). Net income: US$2.12m (up US$1.95m from 3Q 2021). Profit margin: 3.5% (up from 0.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Communications industry in Asia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$0.009 (vs US$0.002 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.009 (up from US$0.002 loss in 2Q 2021). Revenue: US$55.5m (down 2.6% from 2Q 2021). Net income: US$506.0k (up US$635.0k from 2Q 2021). Profit margin: 0.9% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 28% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.048 loss per share (down from US$0.63 profit in FY 2020). Revenue: US$218.8m (up 32% from FY 2020). Net loss: US$2.68m (down 108% from profit in FY 2020). Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 18%, compared to a 26% growth forecast for the industry in Israel. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₪26.77, the stock trades at a forward P/E ratio of 76x. Average forward P/E is 28x in the Communications industry in Asia. Negligible returns to shareholders over past three years. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS US$0.003 (vs US$0.21 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$49.9m (up 34% from 3Q 2020). Net income: US$168.0k (up US$11.7m from 3Q 2020). Profit margin: 0.3% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: US$0.002 loss per share (vs US$0.076 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$56.9m (up 49% from 2Q 2020). Net loss: US$129.0k (loss narrowed 97% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 05
First quarter 2021 earnings released: US$0.091 loss per share (vs US$0.21 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$44.7m (down 6.2% from 1Q 2020). Net loss: US$5.10m (loss narrowed 57% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to US$45.10, the stock trades at a trailing P/E ratio of 21.2x, up from the previous P/E ratio of 18.1x. Average P/E is 34x in the Communications industry in Asia. Total returns to shareholders over the past three years are 82%. Executive Departure • Mar 10
Chairman of the Board Dov Baharav has left the company On the 9th of March, Dov Baharav's tenure as Chairman of the Board ended after 6.8 years in the role. We don't have any record of a personal shareholding under Dov's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 09
Full year 2020 earnings released: EPS US$0.63 (vs US$0.66 in FY 2019) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: US$165.9m (down 37% from FY 2019). Net income: US$34.9m (down 4.5% from FY 2019). Profit margin: 21% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 30% share price decline to US$45.00, the stock is trading at a trailing P/E ratio of 24.1x, down from the previous P/E ratio of 34.2x. This compares to an average P/E of 34x in the Communications industry in Asia. Total returns to shareholders over the past three years are 78%. 
