Followers | 144 |
Posts | 27707 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Wednesday, May 08, 2013 8:58:14 AM
Wednesday 8 May 2013
Gilat Satellite Networks Ltd. (Nasdaq:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the first quarter ended March 31, 2013.
Key Financial Highlights:
Quarterly revenues of $82.8 million, up 8% compared to $76.6 million in the first quarter of 2012
EBITDA increased to $5.1 million, up 74% compared to $3.0 million in the first quarter of 2012
Total Cash increased by $3.3 million
Revenues for the first quarter of 2013 were $82.8 million, compared to $76.6 million for the same period in 2012.
On a non-GAAP basis, operating income for the first quarter of 2013 was $1.0 million compared to an operating loss of $0.3 million in the first quarter of 2012. Net loss for the period on a non-GAAP basis was $0.3 million, or $0.01 per diluted share, compared to net loss of $0.8 million, or $0.02 per diluted share, in the comparable period in 2012.
EBITDA for the first quarter of 2013 reached $5.1 million compared with $3.0 million in the comparable period in 2012, representing a margin of 6.2%.
"We are pleased with our results for the first quarter of 2013 as we achieved year-over-year improvement in revenue and EBITDA," said Erez Antebi, Chief Executive Officer of Gilat. "Our Commercial division continues to be a significant source of revenue as we executed well on existing projects while closing new deals.
In addition to securing various enterprise deals, in the area of broadband internet access we have continued our progress with implementation ahead of schedule at NBN Co. with over 30,000 CPEs installed, over 6,000 CPEs delivered in support of the SBBS service and a major win in our Services division with the Peruvian Ministry of Education to connect thousands of schools nationwide."
"In our Defense division, although Sequestration has limited our overall visibility," continued Antebi, "we continue to deliver on new and existing projects with defense and aviation system integrators. We are confident in our ability to increase service to international defense markets and believe this will offset to some degree, the uncertainty in the U.S."
Key Recent Announcements:
NordNet Deploys Gilat's SkyEdge II-c VSATs for High-end Broadband-Over-Satellite Service in France;
Gilat to Equip IDF with SatTrooper-1000 Military Manpack for Advanced Tactical Communications;
HISPASAT Expands Broadband Satellite-based Network With Additional SkyEdge II System from Gilat;
Gilat Peru Wins $12.8 Million Contract with Peruvian Ministry of Education to Connect Thousands of Schools Nationwide;
Gilat Launches the New Scalable SkyEdge II-c Platform For Ka and Ku-band Internet Access.
Conference Call and Webcast Details:
Gilat management will host a conference call today at 13:30 GMT/ 09:30 EDT/ 16:30 IDT (Israel Daylight Time) to discuss the results. International participants are invited to access the call at (972) 3-918-0610, and US-based participants are invited to access the call by dialing (888) 407-2553. A replay of the conference call will be available beginning at approximately 16:00 GMT/ 12:00 EDT/ 19:00 IDT today, until 16:00 GMT/ 12:00 EDT/ 19:00 IDT May 10, 2013. International participants are invited to access the replay at (972) 3-925-5900 and US-based participants are invited to access the replay by dialing (888) 782-4291. A replay of the call may also be accessed as a webcast via Gilat's website at www.gilat.com and will be archived for 30 days.
Recent GILT News
- Gilat Satellite Networks Awarded Over $5M in Support of the US Department of Defense • GlobeNewswire Inc. • 09/16/2024 11:03:24 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/16/2024 11:00:13 AM
- Gilat Secures Over $12 Million Orders for SkyEdge Platforms from Leading Satellite Operator • GlobeNewswire Inc. • 09/05/2024 11:01:35 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/05/2024 10:59:43 AM
- Gilat Joins WAVE Consortium Board • GlobeNewswire Inc. • 08/15/2024 11:46:04 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/15/2024 11:15:06 AM
- Gilat Announces the Addition of SCPC Offering to the SkyEdge IV Aquarius Pro Modem • GlobeNewswire Inc. • 08/12/2024 11:01:14 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/12/2024 11:00:05 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 12:30:01 PM
- Gilat Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/07/2024 11:22:44 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 11:18:33 AM
- Gilat Awarded Over $9M for its GEO and NGSO Satellite Communications Solutions • GlobeNewswire Inc. • 07/23/2024 11:01:58 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 11:00:06 AM
- Gilat Awarded Over $5M by a National Defense Organization for the Upgrade of Transportable SATCOM Network Hubs • GlobeNewswire Inc. • 07/16/2024 11:03:21 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/16/2024 11:00:06 AM
- Gilat to Report Second Quarter 2024 Results on August 7th • GlobeNewswire Inc. • 07/11/2024 11:01:23 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/11/2024 11:00:08 AM
- Gilat Receives Over $10M Contract Extension for Cellular Backhaul Services • GlobeNewswire Inc. • 07/09/2024 11:02:52 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/09/2024 11:00:12 AM
- Gilat Awarded Over $9M to Support Critical Connectivity Requirements for the US Department of Defense • GlobeNewswire Inc. • 07/02/2024 11:11:28 AM
- Gilat Receives over $14M in Orders Expanding Further into the IFC Market • GlobeNewswire Inc. • 06/27/2024 11:11:06 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 06/20/2024 10:01:27 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/17/2024 10:20:07 AM
- Gilat to Acquire Stellar Blu, an IFC Market Leader with a First-to-Market ESA-Based Solution for Commercial Aviation • GlobeNewswire Inc. • 06/17/2024 10:04:43 AM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/28/2024 11:00:26 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM