Gilat Presents Fourth Quarter and Full Year 2023 Results
PETAH TIKVA, Israel, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its unaudited results for the fourth quarter and full year ended December 31, 2023.
- Management’s financial guidance for 2024 is for revenues of between $305 to $325 million, representing year-over-year growth of 18% at the midpoint.
- This demonstrates the operating leverage inherent to our business model combined with a favorable product revenue mix during 2023.
- “Furthermore, 2023 was also particularly successful from a strategic perspective.
- Moreover, our strong cash position is allowing us to explore additional inorganic growth opportunities and we are currently exploring several of these opportunities.