Israel’s Gilat Satellite Networks Ltd, a worldwide leader in satellite networking technology, solutions and services, reported strong earnings for the second quarter of 2021. Gilat has also been awarded a multi-million-dollar order by SES for its global mobility platform. And Gilat was also awarded a contract worth more than $5 million by a Tier-1 US terminal provider to provide Solid State Power Amplifiers (SSPAs) for satellite communication (SATCOM) terminals for militaries worldwide.
Gilat’s fully owned subsidiary, Wavestream, will provide tightly integrated MicroStream frequency conversion/amplifier units to the leading terminal provider. Wavestream’s MicroStream Ka-band SSPAs provide the required solution to meet the power and linearity in the low SWaP solution most essential for tactical and expeditionary military users. The terminals will serve tactical defense users throughout the world.
Gilat Satellite Networks designs and manufactures cutting-edge ground segment equipment, and provides comprehensive solutions and end-to-end services, powered by what they describe as innovative technology. “Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).”
Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information,
“We are excited to integrate our MicroStream product into a new line of tactical terminals,” said Bob Huffman, Wavestream’s General Manager. “This is a testament to our leadership in tightly integrated tactical SATCOM frequency conversion and power amplification solutions.”
vices, today reported its results for the second quarter of 2021.
Gilat has also announced strong results for Q2 2021. It reported revenues of $56.9 million, a 49% increase from $38.3 million in Q2 2020 and up 27% from $44.7 million in the previous quarter.
GAAP operating loss was $0.3 million, an improvement compared with an operating loss of $3.5 million in Q2 2020 and an operating loss of $3.7 million in Q1 2021.
Gilat reported non-GAAP operating income of $0.2 million, compared with an operating loss of $2.6 million in Q2 2020 and an operating loss of $3.8 million in the previous quarter.
GAAP net loss was $0.1 million, or zero per share, compared with a net loss of $4.2 million, or a loss of $0.08 per share in Q2 2020 and a net loss of $5.1 million, or a loss of $0.09 per share in the previous quarter.
Non-GAAP net income was $0.4 million, which is $0.01 per share, compared with a net loss of $3.3 million, or a loss of $0.06 per share in Q2 2020, and compared with a net loss of $5.2 million, or a loss of $0.09 per share, in the previous quarter.
Adjusted EBITDA was $2.5 million compared with adjusted EBITDA of $0.1 million in Q2 2020; and an adjusted EBITDA loss of $1.4 million in the previous quarter.