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Gilat reports strong second quarter 2022 results

Gilat Satellite Networks Ltd. , a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2022.

Second Quarter 2022 Financial Highlights

  • Revenues of $55.5 million,up 1.2% compared with Q2 of last year;
  • GAAP operating income of $1.5 million versus operating loss of $0.4 million in Q2 last year;
  • Non-GAAP operating income of $2.4 million versus Non-GAAP operating income of $0.1 million in Q2 last year;
  • GAAP net income of $0.5 million versus loss of $0.2 million in Q2 last year;
  • Non-GAAP net income of $1.4 million versus Non-GAAP income of $0.3 million in Q2 last year;
  • Adjusted EBITDA of $5.3 million versus Adjusted EBITDA of $2.4 million in Q2 last year;
  • Reiterates and ontrack with 2022 financial guidance;

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