Gilat Satellite Networks Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 67.59 million compared to USD 55.45 million a year ago. Net income was USD 4.33 million compared to USD 0.506 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.01 a year ago.
For the six months, sales was USD 126.55 million compared to USD 106.86 million a year ago. Net income was USD 9.91 million compared to net loss of USD 2.03 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.