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Gilat report "very strong 2023"
Gilat Satellite Networks reported “very strong” financial results for Q4 and the full year 2023, with full-year revenue up 11% to $266.1 million and Adjusted EBITDA increasing by 44% to $36.4 million. The company attributes this success to its business model, strategic acquisitions like DataPath, and significant contract wins in cellular backhaul and in-flight connectivity. Gilat also provided optimistic 2024 guidance, projecting continued strong growth in revenue and profit.