Gilat Satellite Networks (GILT) Reports Q4 EPS of $0.09 on Revenues of $82.7M

Gilat Satellite Networks (NASDAQ: GILT) reported Q4 EPS of $0.09. Revenue for the quarter came in at $82.7 million.

Key Financial Highlights:

• Revenues for Q4 2017 totaled $82.7 million. Full year 2017 revenues of $282.8 million compare with $279.6 million in 2016.
• Continued strong profitability:
  • Q4 2017 GAAP operating income was $5.6 million and non-GAAP operating income was $7.0 million.
  • Full year 2017 GAAP operating income climbed substantially to $10.9 million from $0.8 million in 2016. Non-GAAP operating income for 2017 reached $18.5 million compared to $11.7 million in 2016, an increase of 58.6%.
  • Q4 2017 GAAP net income was $3.4 million, or $0.06 per diluted share. Q4 2017 non-GAAP net income was $4.7 million, or $0.09 per diluted share.
  • Full year 2017 GAAP net income increased to $6.8 million, or $0.12 per diluted share, from a loss of $5.3 million, or $0.10 per diluted share, in 2016. Non-GAAP net income for 2017 more than doubled to $14.6 million, or $0.27 per diluted share, from $5.6 million, or $0.11 per diluted share, in 2016.
  • Q4 2017 Adjusted EBITDA was $9.0 million, or 10.8% of revenues. Full Year 2017 Adjusted EBITDA increased 36.2% to $26.2 million or 9.3% of revenues, from $19.2 million, or 6.9% of revenues in 2016.
• Management objectives for 2018: revenue range between $285 million to $305 million, GAAP operating income of between $17 million and $21 million, and Adjusted EBITDA between $30 million and $34 million.

For earnings history and earnings-related data on Gilat Satellite Networks (GILT) click here.

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