Gilat Satellite Networks (GILT) Reports Q1 Loss of $0.05/Share

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Go back to Gilat Satellite Networks (GILT) Reports Q1 Loss of $0.05/Share

Gilat Announces First Quarter Results for 2016

May 18, 2016 8:02 AM EDT

First quarter revenues grew 17% over the comparable period last year. Based on our backlog and promising market prospects, management reiterates financial objectives for FY2016 

PETAH TIKVA, Israel, May 18, 2016 (GLOBE NEWSWIRE) -- 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, 2016.

Key Financial Updates:

Revenue for Q1 2016 was $52.7 million compared to $45.2 million in comparable period of 2015, an increase of 17%.EBITDA... More