Sunday, June 16, 2024

Gilat Satellite reports mixed Q1 results; reaffirms FY24 outlook

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  • Gilat Satellite press release (NASDAQ:GILT): Q1 Non-GAAP EPS of $0.11.
  • Revenue of $76.1M (+29.1% Y/Y) misses by $1M.
  • Adjusted EBITDA of $9.3 million compared with $8.4 million in Q1 2023.
  • The Company today reiterated its guidance for 2024.

    Expectations are for revenue between $305 and $325 million vs. $315.20M consensus, representing year-over-year growth of 18% at the midpoint. GAAP operating income is expected to be between $15 and $19 million, and Adjusted EBITDA is expected to be between $40 and $44 million, representing year-over-year growth of 15% at the mid-point.

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