Sector: Technology | Industry: Communications & Networking |
Company Contact | |
Address: | 21 Yegia Kapayim St., Kiryat Arye PETAH TIKVA 49130 |
Tel: | 1-646-6883559 |
Website: | https://www.gilat.com |
IR: | See website |
Key People | ||
Amiram Boehm Chairman of the Board | Doron Kerbel General Counsel, Company Secretary | Adi Sfadia Chief Executive Officer |
Gil Benyamini Chief Financial Officer | Gilad Landsberg Chief Operations Officer | Arieh Rohrstock Corporate Senior Vice President, General Manager, Peru |
Lior Moyal Senior Vice President - Human Resources | Robert A. Huffman Senior Vice President, General Manager - Wavestream | Aharon Mullokandov Senior Vice President - Research and Development | Hagay Katz Chief Product and Marketing Officer |
Business Overview |
Gilat Satellite Networks Ltd. is an Israel-based provider of satellite-based broadband communications. The Company operates through three segments: Commercial, Mobility, and Services divisions. The Company designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-move/on-the-pause terminals, and modems. The Company's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations, and enterprises. |
Financial Overview |
For the fiscal year ended 31 December 2023, Gilat Satellite Networks Ltd. revenues increased 11% to $266.1M. Net income totaled $23.5M vs. loss of $5.9M. Revenues reflect Satellite Networks segment increase of 40% to $168.5M, Others segment increase of 28% to $105.4M, United States segment increase of 7% to $103.4M, Israel segment increase of 59% to $4.1M. Net Income reflects Satellite Networks segment income increase from $5.3M to $36.2M. |