{"id":68836,"date":"2017-02-16T21:25:34","date_gmt":"2017-02-16T13:25:34","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/gilat-reports-profitable-fourth-quarter-2016-results\/"},"modified":"2017-02-16T21:25:34","modified_gmt":"2017-02-16T13:25:34","slug":"gilat-reports-profitable-fourth-quarter-2016-results","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/gilat-reports-profitable-fourth-quarter-2016-results\/","title":{"rendered":"Gilat Reports Profitable Fourth Quarter 2016 Results"},"content":{"rendered":"<\/p>\n<p><strong>Gilat Satellite Networks<\/strong> has reported its results for the fourth quarter and full year ended Dec. 31, 2016. \u201cWe made progress in our broadband and In-Flight Connectivity (IFC) growth engines and continued to invest in our technology leadership,\u201d said Gilat Chief Executive Officer Yona Ovadia. \u201cAs a result, we achieved a profitable fourth quarter \u2026 within the range of our 2016 management objectives.\u201d<\/p>\n<p>Revenues for the fourth quarter increased 19 percent to $80.3 million from $67.7 million in the fourth quarter 2015. Full year 2016 revenues totaled $279.6 million, an increase of 42 percent from $197.5 million in 2015.<\/p>\n<p>\u201cIn Q4, as part of our broadband strategy, we are pleased to have made progress also in affordable broadband to consumers, as we recently won <strong>Tricolor TV<\/strong>, the largest Direct-to-Home (DTH) provider in Russia, who plans to include our unique world\u2019s first all outdoor Scorpio VSAT. In mobility, our technology continues to be chosen for In-Flight Connectivity (IFC) as reflected in our strategic partnership with <strong>Air Esurfing<\/strong>, an <strong>Air Media<\/strong> wholly owned subsidiary in China, to deliver broadband connectivity to airlines throughout China. We were also awarded a joint R&amp;D project with <strong>Airbus<\/strong> for the development of a fully integrated Electronically Steerable Antenna (ESA) aero terminal based on our leading phased array technology,\u201d Ovadia added.<\/p>\n<p>Adjusted Earnings Before Interest, Tax, Depreciation and Amortization&nbsp;(EBITDA) for fourth quarter 2016 was $10.8 million. Full year 2016 adjusted EBITDA reached $19.2 million compared with adjusted EBITDA of $6.1 million in 2015. Among management\u2019s objectives for 2017 are revenues between $280 to $300 million, GAAP operating income between $4 and $8 million, and adjusted EBITDA between $20 and $24 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gilat Satellite Networks has reported its results for the fourth quarter and full year ended Dec. 31, 2016. \u201cWe made progress in our broadband and In-Flight Connectivity (IFC) growth engines and continued to invest in our technology leadership,\u201d said Gilat Chief Executive Officer Yona Ovadia. \u201cAs a result, we achieved a profitable fourth quarter \u2026 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":68839,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-68836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68836"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=68836"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/68839"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=68836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=68836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=68836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}