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GILT - Gilat Satellite Non-GAAP EPS of -$0.03 revenue of $51.4M misses by $0.25M
Gilat Satellite Networks Ltd.
Gilat Satellite press release (NASDAQ:GILT): Q1 Non-GAAP EPS of -$0.03. Revenue of $51.4M (+15.0% Y/Y) misses by $0.25M. The company today reiterated its guidance for FY2022. Expectations are for revenues of between $245M to $265M (consensus of $257.03M) representing year-over-year growth of between 14% and 23%; GAAP operating income of between $5M to $9M and adjusted EBITDA of between $20M to $24M, representing year-over-year growth of between 30% to 56%.