Gilat Satellite Networks Reports Q1 2025 Revenue Increase of 21% to $92 Million with Adjusted EBITDA at $7.6 Million; Posts GAAP Operating Loss of $2.7 Million
Gilat Satellite Networks reported a 21% revenue increase in Q1 2025, reaching $92 million, with adjusted EBITDA at $7.6 million. However, the company posted a GAAP operating loss of $2.7 million and a net loss of $6.0 million, compared to a net income of $5.0 million in Q1 2024. The adjusted EBITDA was impacted by a $3.6 million loss from Gilat Stellar Blu's ramp-up. The company maintains its 2025 revenue guidance of $415 to $455 million, indicating a projected 42% growth year-over-year.
Gilat Satellite Networks Ltd. reported its first quarter 2025 financial results, highlighting a 21% year-over-year increase in revenues, reaching $92 million compared to $76.1 million in Q1 2024. The company recorded a GAAP net loss of $6.0 million, or $0.11 per share, contrasting with a GAAP net income of $5.0 million, or $0.09 per diluted share, in the same quarter of the previous year. The adjusted EBITDA for the quarter was reported at $7.6 million, down from $9.3 million in Q1 2024, impacted by a $3.6 million loss from Gilat Stellar Blu's ramp-up process. Excluding this loss, the adjusted EBITDA was $11.2 million. Non-GAAP operating income was $5.2 million, compared with $6.6 million in Q1 2024, and non-GAAP net income was $1.8 million, or $0.03 per diluted share, compared with $6.0 million, or $0.11 per diluted share, in the same period last year. The company reiterated its 2025 guidance with expected revenues between $415 and $455 million, representing a 42% year-over-year growth at the midpoint. Adjusted EBITDA is projected to be between $47 and $53 million, reflecting an 18% year-over-year growth at the midpoint.
