Reports Q4 revenue $75.6M, consensus $75.98M. Adi Sfadia, Gilat’s CEO, commented: “We are pleased with the financial results, capping off a strong 2023 with $266 million in revenue, up 11% over last year, and very strong growth in EBITDA at $36.4M, up 44% over last year. This demonstrates the operating leverage inherent to our business model combined with a favorable product revenue mix during 2023.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GILT:
- Is GILT a Buy, Before Earnings?
- Gilat Satellite awarded $10M follow-on order from U.S. Department of Defense
- Gilat Awarded $10 Million Follow-On Order from the US Department of Defense
- Gilat to Report Fourth Quarter and Full Year 2023 Results on February 26th
- Gilat awarded multimillion-dollar defense satellite connectivity project