Gilat Q1 2014 income up, loss down

Gilat Satellite Networks Ltd. (NASDAQ: GILT) said its first quarter 2014 showed non-GAAP operating income was USD0.5m, compared to a loss of USD0.1m in the fourth quarter 2013.

GAAP operating loss was USD1.5m compared to a loss of USD2.7m in the fourth quarter of 2013.

Non-GAAP gross margin was 42 percent, compared to 39 percent in the fourth quarter 2013. GAAP gross margin was 39 percent, compared to 36 percent in the fourth quarter

Gilat Satellite Networks is a provider of products and services for satellite-based broadband communications. Its website is at www.gilat.com

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