Gilat Satellite Networks (GILT) Reports Q4 EPS of $0.13

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Go back to Gilat Satellite Networks (GILT) Reports Q4 EPS of $0.13

Gilat Reports Profitable Fourth Quarter 2016 Results; Full Year Revenue Grew to $279.6 Million, with Significant Increase in Profitability

February 14, 2017 7:44 AM EST

GAAP Operating Income was $0.8 million; Adjusted EBITDA reached $19.2 Million

PETAH TIKVA, Israel, Feb. 14, 2017 (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 fourth quarter and full year ended December 31, 2016.

Key Financial Highlights:

Revenues for Q4 2016 increased 19% to $80.3 million from $67.7 million in Q4 2015.Full year 2016 revenues totaled $279.6 million, an increase of 42% from $197.5 million in 2015.Profitability... More