Gilat Satellite Networks (GILT) Tops Q1 EPS by 7c

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Gilat Reports First Quarter 2023 Results

May 9, 2023 7:04 AM EDT

Demonstrates Strong Revenue Growth of 15% Year-over-Year and Increased Profitability with GAAP Operating Income of $7 Million and Adjusted EBITDA of $8.4 MillionCompany Raises its GAAP Operating Income and Adjusted EBITDA Guidance for 2023

PETAH TIKVA, Israel, May 09, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, reported today its results for the first quarter, ended March 31, 2023.

First Quarter 2023 Financial Highlights

Revenue... More