Gilat Satellite Networks Ltd. (NASDAQ:GILT) shares are trading lower on Monday by over 9% after the company missed the consensus of $100.2 million for first-quarter 2025 revenue growth.
The Israel-based company reported $92 million in year-over-year revenue for Q1. That’s a 21% increase. In addition:
Adi Sfadia, Gilat’s CEO, said the company’s growth is supported by “macro-geopolitical factors that are driving increased investment in secure, mission-critical communications worldwide.”
Sfadia added that Gilat Stellar Blu’s ramp up is “on track”, and that its Sidewinder ESA is now flying on over 150 aircraft.
Outlook: The company reiterated its 2025 guidance for revenue of $415 million-$455 million (vs. consensus of $435.07 million), representing growth of 42% Y/Y at the midpoint.
Gilat projects adjusted EBITDA of $47 and $53 million, representing growth of 18% Y/Y at the midpoint.
As of March 31, cash and cash equivalents stood at $63.8 million.
Price Action: GILT shares are down 9.31% at $6.06 at the last check on Monday.
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