News & Resources
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
Read MoreSo 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
Read MoreGilat 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.
Read More[SatNews] Gilat Satellite Networks Ltd. (NASDAQ: GILT) has announced that the Israel Defense Forces (IDF) has selected its SatTrooper-1000 military Manpack terminal for advanced tactical field communications. The Manpack was tailor made to address the unique field requirements of the IDF ground forces. The SatTrooper-1000 will provide Israeli soldiers with dependable data, video and telephony at broadband speeds.
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