Gilat (GILT) Enters Strategic Agreement Valued at Tens of Millions of Dollars with a Large Government Corporation in Asia Pacific

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Go back to Gilat (GILT) Enters Strategic Agreement Valued at Tens of Millions of Dollars with a Large Government Corporation in Asia Pacific

Gilat Satellite Networks (GILT) Reports Q1 Loss of $0.09 on Revenues of $44.7M

May 4, 2021 7:30 AM EDT

Gilat Satellite Networks (NASDAQ: GILT) reported Q1 EPS of ($0.09), versus ($0.15) reported last year. Revenue for the quarter came in at $44.7 million, versus $47.7 million reported last year.

Adi Sfadia, Gilat's CEO, commented: We continue to see strong momentum across all our business units, with the exception of the IFC market segment, which is yet to show a recovery. We believe that this growth trend will continue during 2021 and expect to show sequential quarterly growth throughout the year and increasing profitability. Looking further out, 2022 is... More