Gilat Satellite Networks (GILT) Reports Q2 Loss of $0.04/Share
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Gilat Announces Second Quarter 2016 Results
August 10, 2016 8:03 AM EDTPETAH TIKVA, Israel, Aug. 10, 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 second quarter ended June 30, 2016.
Key Financial Updates:
Revenues for Q2 2016 increased 53% to $67.9 million from $44.3 million in the comparable period of 2015. Revenues rose 29% compared with Q1 2016.Loss on a GAAP basis for Q2 2016 decreased to $3.7 million compared to a loss of $9.1 million in the second quarter of 2015.EBITDA for Q2 2016... More