Gilat cuts FY EBITDA outlook after weak Q2

Thursday 13 August 2015 | 12:23 CET | News
Gilat Satellite Networks reported a drop in second-quarter revenues, to USD 44.3 million from USD 54.1 million a year earlier. The company moved to an EBITDA loss of USD 2.5 million from a profit of USD 3.9 million a year ago, prompting a cut in its full-year EBITDA target to USD 20-21 million. Gilat maintained its revenue outlook for 2015 at USD 250-260  million. The net loss for the quarter was USD 9.1 million or 21 cents a share, compared to a loss of USD 1.4 million or 3 cents per share in the same quarter of 2014. Gilat finished the quarter with USD 94.9 million in cash available. Gilat

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Categories: Broadcast & Satellite
Companies: Gilat Satellite Networks
Countries: World
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