Gilat: Q2 Earnings Snapshot

August 9, 2022 GMT

PETAH TIKVA, Israel (AP) _ Gilat Satellite Networks Ltd. (GILT) on Tuesday reported second-quarter net income of $506,000, after reporting a loss in the same period a year earlier.

The Petah Tikva, Israel-based company said it had net income of 1 cent per share. Earnings, adjusted for stock option expense and asset impairment costs, came to 3 cents per share.

The satellite broadband communications company posted revenue of $55.5 million in the period.

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