From Zacks Investment Research: 2025-05-20 09:24:00

Gilat Satellite Networks Ltd. reported first-quarter 2025 adjusted earnings per share of 3 cents, down from 11 cents a year ago. Revenues for the quarter reached $92 million, up 21% from a year ago, driven by the Commercial segment and Defense segment growth. The company is facing challenges due to global macroeconomic uncertainty. Gilat’s shares plunged 10.3% in trading to $5.99 on May 19, 2025. The company has restructured into three primary divisions: Gilat Defense, Gilat Commercial, and Gilat Peru. Management reiterated 2025 revenue guidance of $415 million to $455 million, with adjusted EBITDA expected between $47 million to $53 million.

In comparison, Iridium Communications reported EPS of 27 cents for the first quarter of 2025, beating estimates. Globalstar, Inc. reported a loss per share of 10 cents, missing estimates. EchoStar Corporation reported a loss per share of 71 cents, beating estimates. Shares of IRDM have declined 19.1% in the past year, while shares of GSAT have gained 4.7% and SATS have gained 21.9%.



Read more at Zacks Investment Research: Gilat’s Q1 Earnings Miss Despite Higher Revenues, Shares Slide 10% – May 20, 2025