Gilat Satellite Networks Ltd (GILT) Swings to Q1 Loss
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Gilat Announces First Quarter 2014 Results
May 21, 2014 7:18 AM EDTPETAH TIKVA, Israel, May 21, 2014 (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, 2014.
Key Financial Highlights:
Non-GAAP operating income was $0.5 million, compared to a loss of $0.1 million in the fourth quarter 2013. GAAP operating loss was $1.5 million compared to a loss of $2.7 million in the fourth quarter of 2013 Non-GAAP gross margin was 42%, compared to 39% in the fourth quarter 2013. GAAP gross margin was 39%, compared to 36% in the... More