[Via Satellite 02-20-2015] Gilat Satellite Networks reported $235.1 million in revenue for 2014, almost exactly where revenues stood in 2013, at $234.9 million. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), however, increased year over year by 43 percent.
Gilat’s goal for 2015 is to reach annual revenues between $250 and $260 million, along with EBIDTA around $26 to $28 million. Q4 2014 was a standout quarter for the company, with $73.1 million compared to $55.7 million for the same period in 2013. Erez Antebi, CEO of Gilat, said he expects the second half of 2015 to significantly stronger than the first, like 2014.
“2014 was a good year for Gilat, with significant improvement in all major operational parameters, most of all: profitability,” said Antebi. “Looking forward, we begin 2015 with a growth focused strategy and a strong product portfolio that enables us to position ourselves successfully in the growing markets, such as [High Throughput Satellites] HTS, mobility and cellular backhaul.”