The high throughput carriers enable coverage of wide multi-spot beam transponders with less forward channel carriers. Gilat Satellite Networks Ltd. (Nasdaq:GILT) announced it will introduce an enhanced forward channel technology in SkyEdge II-c that will provide an increase in the DVB-S2 bandwidth forward channel to 66Msps and improve efficiency with a 1.1 roll-off factor and savings of up to 10 percent in satellite capacity.
Satellite communications companies are rolling out new products to improve the ability of warfighters to stay connected in austere terrain. Gilat Satellite Networks, an Israeli firm that makes a suite of popular Satcom on the Move (SOTM) systems for military and homeland security customers, is working on a series of upgrades to its product line.
The large NBN project in Australia drove revenue and EBITDA higher y/y, $82.8M vs. $76.6M and $5.1M vs. $3M, respectively. The commercial segment continues to support the business – despite moving through a transition from general connectivity to broadband internet. Several wins at Home Depot and Meijer were announced. The defense segment continues to have uncertainty, but international wins in Asia and Israel are starting to show the fruits of management’s efforts to diversify away from the US
So Far operating income for the first quarter of 2013 was $1.0 million compared to an operating loss of $0.3 million in the first quarter of 2012
Gilat Satellite Networks reported first quarter results with revenue below and adjusted EBITDA above our estimates on new orders for Ka-band customer premise equipment. In addition, the company is making progress with its National Broadband Network VSAT deployment in Australia. Growth in commercial has been able to offset U.S. Department of Defense weakness, which enabled management to reaffirm its full‐year sales outlook.