Gilat Satellite Networks has released its results for the second quarter, ended June 30, 2023.
Second Quarter 2023 Financial Highlights:
Revenues of $67.6 million, up 22% compared with $55.5 million in Q2 2022;
GAAP operating income of $5.4 million, compared with $1.5 million in Q2 2022;
Non-GAAP operating income of $6.1 million, compared with $2.4 million in Q2 2022;
GAAP net income of $4.3 million, or $0.08 earnings per diluted share, compared with $0.5 million, or $0.01 earnings per diluted share in Q2 2022;
Non-GAAP net income of $4.9 million, or $0.09 earnings per diluted share, compared with $1.4 million, or $0.03 earnings per diluted share in Q2 2022;
Adjusted EBITDA of $9.2 million, up 74% compared with $5.3 million in Q2 2022;
For more information visit: https://www.gilat.com