Gilat Satellite Networks Reports Q4 Profit of $11.8 Million
PETAH TIKVA, Israel, Feb. 16, 2023 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT), a leading global provider of satellite broadband communications, today announced financial results for the fourth quarter ended December 31, 2022.
Financial Highlights:
* Revenue: $78.1 million
* Net income: $11.8 million
* Diluted earnings per share: $0.21
* Adjusted earnings per share: $0.15
Full-Year Results:
* Revenue: $305.4 million
* Net income: $24.8 million
* Diluted earnings per share: $0.44
Outlook:
Gilat anticipates full-year 2023 revenue to be in the range of $415 million to $455 million.