GILT - Gilat Satellite reports Q3 earnings; narrows FY22 guidance range

• Gilat Satellite press release ( NASDAQ: GILT ): Q3 Non-GAAP EPS of $0.06.
• Revenue of $60.4M (+21.3% Y/Y) misses by $6.8M .
• The Company adjusted and narrowed the range of its 2022 revenue guidance, with expectations of between $240 million and $245 million, representing year-over-year growth of approximately 13% vs. consensus of $254.12M.
• The Company also increased and narrowed the GAAP operating income guidance range to between $8 million to $10 million representing significant year-over-year growth versus $2.2 million in 2021.
• The Company increased and narrowed the adjusted EBITDA range to between $23 to $25 million, representing year-over-year growth of approximately 56%.

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