13 lowered it by another 9 percent, to $310 million for the year. Gilat, which in August lowered its full-year revenue forecast by 4 percent, to $340 million, on Nov. 30 compared with the same period a year ago, and 11 percent from the three months ending June 30 this year. Revenue fell 20 percent, to $71.3 million, in the three months ending Sept. 30, which followed a similar revenue and profit shortfall during the previous three months. The Spacenet issue came in the wake of what Gilat Chief Executive Erez Antebi said was a disappointing financial performance for the company in the three months ending Sept.
We hope to have the transaction close soon.” 20 saying: “We are still working toward closing. In response to SpaceNews inquiries, SageNet President Daryl Woodard issued a statement Nov. “Gilat rejects all of SageNet’s assertions and believes them to be unfounded.” 4, and that Gilat informed SageNet that the deal could now close.īut SageNet was “not willing to proceed to closing at the time based on several assertions,” Gilat said. Federal Communications Commission had approved the transaction the week of Nov. Securities and Exchange Commission, Gilat said the U.S.
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