Gilat Satellite Networks: Q1 confirms 2022 forecast of 16% growth; few details on backlog and customers’ ID

by Peter B. de Selding

PARIS — Satellite broadband ground hardware and service provider Gilat Satellite Networks confirmed that 2022 would see a 16% growth in revenue and an 8.6% EBITDA margin but left investors guessing on contract backlog and customer identities.

For the three months ending March 31, Gilat reported revenue of $51.4 million, up 18.7% from a year ago. Its operating loss narrowed to $1 million compared to a loss of $3.6 million last year.

Gilat Chief Executive Adi Sfadia, in a May 23 investor call, said . . .

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