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Gilat Satellite Networks Ltd.

Gilat Satellite Networks Ltd.

NASDAQ•GILT
CEO: Mr. Adi Sfadia
Sector: Technology
Industry: Communication Equipment
Listing Date: 1993-03-26
Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally. It operates in three segments: Satellite Networks, Integrated Solutions, and Network Infrastructure and Services. Its portfolio consists of cloud-based satellite network platform, very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state power amplifiers, block upconverters, transceivers, and defense ground systems and field services. The company also develops, manufactures, and supplies products and solutions for mission-critical defense and broadcast satellite communications systems, advanced on-the-move and on-the-pause satellite communications equipment, systems, and solutions, including airborne, ground-mobile satellite systems and solutions; and provides terrestrial, including fiber optic and wireless network, and satellite network construction and operation services. In addition, it provides turnkey integrated solutions, including managed satellite network services, network planning and optimization, remote network operation, call center support, hub and field operations, and communication networks construction and installation services; connectivity services, internet access, and telephony services to enterprise, government, and residential customers; and builds telecommunication infrastructure using fiber-optic and wireless technologies for broadband connectivity. The company sells its products and solutions to communication service providers, satellite operators, Mobile Network Operators, and system integrators that use satellite communications to serve enterprise, social inclusion solutions, government and residential users, and defense and homeland security organizations, as well as directly to end-users. Gilat Satellite Networks Ltd. was incorporated in 1987 and is headquartered in Petah Tikva, Israel.
Contact Information
Gilat House, 21 Yegia Kapayim Street Kiryat Arye, Petah Tikva, 4913020, Israel
972-3-925-2000
www.gilat.com
Market Cap
$815.18M
P/E (TTM)
36.4
58.6
Dividend Yield
--
52W High
$15.24
52W Low
$4.86
52W Range
91%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$104.97M+36.98%
4-Quarter Trend

EPS

$0.17+750.00%
4-Quarter Trend

FCF

$2.35M-143.63%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Grew 15% Total revenues increased 15% to $305.4M USD in 2024, driven by $29.6M USD growth in Satellite Networks segment.
Net Income Increased Net income reached $24.8M USD in 2024, improving from $23.5M USD net income reported in the prior fiscal year.
SBS Acquisition Completed Acquisition of SBS finalized January 2025, funded partly by $60M from a new secured credit facility for growth.
Cash Position Remains Strong Cash and cash equivalents totaled $120.2M USD as of December 31, 2024, providing sufficient working capital for present requirements.

Risk Factors

Revenue Concentration Risk Significant revenue portion relies on limited large-scale contracts; failure to deliver or customer termination impacts operating results materially.
Scaling SBS Production Difficulties Newly acquired SBS subsidiary faces challenges ramping up Sidewinder IFC terminal production to meet existing and growing demand requirements.
Geopolitical Instability Impact Ongoing war and hostilities in Israel create operational disruption risks, potentially impacting logistics, supply chain, and increasing transport costs.
Large Accumulated Deficit Company maintains a substantial accumulated deficit of $635M USD; future profitability is not assured, potentially affecting share viability.

Outlook

New Segment Structure Adopted Effective January 2025, reporting shifts to three divisions: Defense, Commercial (IFC focus), and Peru, aligning with strategic growth areas.
Leverage SkyEdge IV Platform Intends to serve as key partner for VHTS/NGSO operators leveraging the new SkyEdge IV system for multi-orbit network deployment.
Expand Defense Market Presence Increasing focus on the growing defense market segment globally, realizing growth strategy via DataPath integration and investment.
Fortify Cellular Backhaul Leadership Will leverage technology and experience to fortify leadership position in the 4G/LTE and 5G cellular backhaul market with long-term projects.

Peer Comparison

Revenue (TTM)

ADTRAN Holdings, Inc.ADTN
$983.37M
+3.5%
NETGEAR, Inc.NTGR
$699.57M
+2.8%
PowerFleet, Inc.AIOT
$391.21M
+119.9%

Gross Margin (Latest Quarter)

Telesat CorporationTSAT
100.0%
+48.5 pp
Docebo Inc.DCBO
80.9%
+0.3 pp
AMTD Digital Inc.HKD
64.6%
-8.4 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HKD$1.15B10.32.9%9.1%
NTGR$918.12M-34.8-5.0%5.3%
ADTN$834.94M-7.6-66.3%17.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+12.1%
Steady Growth
4Q Net Income CAGR
+13.0%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $305.45M+14.8%
    |
    EPS: $0.44+7.3%
    Beat
  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 20, 2024|
    Revenue: $266.09M+10.9%
    |
    EPS: $0.41+510.0%
    Beat
  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Mar 13, 2023|
    Revenue: $239.84M+9.6%
    |
    EPS: $-0.10-110.5%
    Miss
  • Form 20-F/A - FY 2021

    Period End: Dec 31, 2021|Filed: Sep 14, 2022|
    Revenue: $218.82M+31.9%
    |
    EPS: $-0.05-107.5%
    Meet
  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: May 16, 2022|Refer to amended data
  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Mar 8, 2021|
    Revenue: $165.89M-37.0%
    |
    EPS: $0.63-4.5%
    Meet