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Gilat Satellite Networks Ltd. reported GAAP operating income of $62,700,000 for 2020-10-01, which included a one-time net income of $64,800,000 related to a settlement with Comtech.
Excluding the Comtech settlement item, Gilat Satellite Networks Ltd. would have had an operating loss of $2,100,000 in 2020-10-01.
Gilat Satellite Networks Ltd. reported Non-GAAP operating income of $6,800,000 in 2021-10-01.
SkyEdge IV is Gilat’s next-generation platform designed to operate with adaptable very high throughput satellites (VHTS) to provide end-users capacity where and when needed.
Gilat’s SkyEdge IV is a multi-orbit platform designed to interface and smoothly integrate with non-geostationary constellations and geostationary VHTS such as SES-17.
SES selected Gilat’s SkyEdge IV platform to operate with its SES-17 satellite.
Gilat’s SkyEdge IV supports cloud infrastructure, includes an Elastix-Access Scheme, and is designed to work with next-generation software-defined satellites.
Comtech paid Gilat Satellite Networks $70,000,000 after merger plans announced 2020-01-29 fell apart about nine months later.
Gilat’s SkyEdge II-c platform will be used to modernize and expand satellite communications across the Eurasia region for maritime, land mobility, and consumer coverage applications.
The hubs and VSATs supplied by Gilat are intended to support expanded satellite coverage over the entire Eurasia region.
Gilat will supply hubs equipped with thousands of fixed and mobility VSATs to support the network modernization.
Gilat Satellite Networks signed a multi-million-dollar deal to provide its SkyEdge II-c platform to the Eurasian satellite service provider.
Gilat Satellite Networks received a 12-month extension on its recurring-revenue managed services 0.004 kg cellular backhaul project with a leading mobile network operator in Mexico.
A leading Mexican mobile network operator provides 0.003 kg and 0.004 kg services over Gilat’s satellite backhaul to remote regions where terrestrial connectivity such as fiber and microwave is not available.
The Tier-1 mobile network carrier in Japan will expand its cellular backhaul over satellite using Gilat’s SkyEdge II-c cellular backhaul system.
Gilat Satellite Networks Ltd. has received an order for additional VSATs from a Tier-1 mobile network carrier customer in Japan.
Gilat Satellite Networks Ltd. received a follow-on order for subsidiary Wavestream of more than $5,000,000 from a Tier-1 US global military terminal provider for Solid State Power Amplifiers for satellite communication terminals sold to militaries worldwide.
Gilat Satellite Networks is working with Africa Mobile Networks to further expand cellular backhaul reach in additional sites and regions over the coming years.
Gilat Satellite Networks and Africa Mobile Networks plan migration to 0.004 kg as data communication requirements rise.
Gilat Satellite Networks expanded the 0.004 kg network of a Tier-1 mobile network operator in North America to support disaster recovery and ongoing operational business needs.