Gilat Satellite Networks Ltd
(NASDAQ:GILT)

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Latin America, the Asia Pacific, North America, Europe, the Middle East, and Africa. It operates through three segments: Fixed Networks, Mobility Solutions, and T...

Website: http://www.gilat.com

Full Time Employees: 864

Sector: Technology

Industry: Communication Equipment

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Quarterly

Annual

Unit: USD	2025-11-12	2025-08-28	2025-08-06	2025-06-30	2025-05-19	2025-02-12	2024-12-31	2024-11-13	2024-08-07	2024-06-30	2024-05-08	2024-02-26	2023-12-31	2023-11-07	2023-08-08	2023-06-30	2023-05-09	2023-02-14	2022-12-31	2022-11-14	2022-08-09	2022-06-30	2022-05-23	2022-02-15	2021-12-31	2021-11-09	2021-08-10	2021-06-30	2021-05-04	2021-02-16	2020-12-31	2020-11-10	2020-08-31	2020-06-30	2020-06-03	2020-04-03	2020-02-19	2019-12-31	2019-11-19	2019-08-06	2019-06-30	2019-05-14	2019-02-12	2018-12-31	2018-11-13	2018-08-07	2018-05-15	2018-02-13	2017-12-31	2017-11-14	2017-08-08	2017-05-16	2017-02-14	2016-12-31	2016-11-15	2016-08-10	2016-05-18	2016-02-17	2015-12-31	2015-12-30	2015-11-18	2015-08-12	2015-05-20	2015-02-18	2014-12-31	2014-11-18	2014-08-13	2014-05-21	2014-02-18	2013-12-31	2013-11-13	2013-09-30	2013-08-14	2013-05-08	2013-02-13	2012-12-31	2012-11-14	2012-09-24	2012-08-15	2012-05-23	2012-02-22	2011-12-31	2011-11-15	2011-09-27	2011-08-10	2011-05-17	2011-03-31	2011-02-22	2010-12-31	2010-11-17	2010-10-04	2010-08-10	2010-05-12	2010-02-22	2009-12-31	2009-11-16	2009-09-17	2009-08-12	2009-05-12	2008-12-31	2008-11-24	2008-08-28	2008-05-15	2008-02-21	2007-12-31	2007-11-13	2007-08-13	2007-05-14	2007-03-05	2006-12-31	2006-11-07	2006-08-14	2006-05-11	2006-02-14	2005-12-31	2005-12-01	2005-11-15	2005-08-04	2005-05-04	2004-12-31	2004-08-05	2004-05-17	2003-12-31

revenues	117,691,000		104,970,000		92,037,000	78,128,000	56,830,000	74,611,000	76,631,000		76,078,000	75,612,000	47,619,500	63,927,000	67,589,000		58,962,000	72,627,000	41,803,250	60,350,000	55,454,000		51,409,000	67,271,000	37,886,750	49,911,000	56,923,000		44,713,000	42,627,000	30,814,500	37,270,000	38,315,000		47,673,000		78,314,000	46,294,500	63,384,000	59,685,000		62,109,000	69,729,000	49,165,500	62,780,000	66,508,000	67,374,000	82,652,000	50,026,000	69,936,000	66,237,000	63,931,000	80,345,000	49,801,500	78,643,000	67,898,000	52,665,000	67,682,000			40,347,000	54,050,000	45,190,000	55,728,000	40,509,000	57,135,000	54,050,000	50,851,000	55,728,000	58,584,000	71,303,000		80,206,000		97,428,000	62,733,750	89,009,000		161,926,000						51,791,000	80,027,000		66,059,000	41,731,500	58,023,000		51,791,000	57,112,000	56,590,000								65,597,000
cost of revenues	82,960,000		73,043,000		63,639,000	47,107,000	36,252,500	46,928,000	50,058,000		48,024,000	46,692,000	28,613,250	38,123,000	42,053,000		34,277,000	44,911,000	27,005,250	37,315,000	35,685,000		35,021,000	42,328,000	26,217,500	32,306,000	40,208,000		32,356,000	29,329,000	23,835,250	27,827,000	28,727,000		38,787,000		51,246,000	29,092,250	40,130,000	37,700,000		38,539,000	43,715,000	32,159,750	38,586,000	44,066,000	45,987,000	57,416,000	35,711,250	49,587,000	46,668,000	46,590,000	56,147,000	36,978,500	54,930,000	52,717,000	40,267,000	47,181,000			30,865,000	34,730,000	31,998,000	35,519,000	26,043,250	38,567,000	34,730,000	30,876,000	35,519,000	41,068,500	50,904,000		56,084,000	-1,638,000	64,567,000	42,699,000	60,588,000		110,208,000	-2,260,000	-1,512,000	-1,429,250	-293,000		34,938,000	50,967,000		42,645,000	27,621,500	38,073,000		34,938,000	37,475,000	37,788,000								44,583,000
gross profit	34,731,000	60,325,000	31,927,000	60,325,000	28,398,000	31,021,000	31,021,000	27,683,000	26,573,000	54,627,000	28,054,000	28,920,000	28,920,000	25,804,000	25,536,000	50,221,000	24,685,000	27,716,000	27,716,000	23,035,000	19,769,000	36,157,000	16,388,000	24,943,000	24,590,000	17,605,000	16,715,000	29,072,000	12,357,000	13,298,000	13,298,000	9,443,000	9,588,000	18,474,000	8,886,000	124,169,000	27,068,000	27,068,000	23,254,000	21,985,000	45,555,000	23,570,000	26,014,000	26,014,000	24,194,000	22,442,000	21,387,000	25,236,000	25,236,000	20,349,000	19,569,000	17,341,000	24,198,000	24,198,000	23,713,000	15,181,000	12,398,000	10,364,000	10,364,000	33,724,000	9,482,000	19,320,000	13,192,000	20,209,000	25,772,000	18,568,000	19,320,000	19,975,000	20,209,000	9,594,000	20,399,000	49,663,000	24,122,000	1,638,000	32,861,000	32,861,000	28,421,000	51,718,000	51,718,000	2,260,000	1,512,000	115,910,000	293,000	58,480,000	16,853,000	29,060,000	70,431,000	23,414,000	23,414,000	19,950,000	36,490,000	16,853,000	19,637,000	18,802,000								21,014,000
yoy	22.30%	94.47%	2.92%	117.91%	6.87%	-43.21%	10.58%	-4.28%	-8.12%	111.70%	9.86%	-42.41%	17.16%	-6.90%	-7.87%	118.02%	24.87%	-23.35%	69.12%	-7.65%	-19.61%	105.38%	-1.96%	-14.20%	99.00%	32.39%	25.70%	207.87%	28.88%	-28.02%	49.65%	-92.40%	-64.58%	-31.75%	-61.79%	464.79%	-40.58%	14.84%	-10.61%	-15.49%	88.29%	5.03%	21.63%	3.08%	-4.13%	10.29%	9.29%	45.53%	4.29%	-15.91%	-17.48%	14.23%	95.18%	133.48%	128.80%	-54.98%	30.75%	-46.36%	-21.44%	66.88%	-63.21%	4.05%	-31.72%	1.17%	27.53%	93.54%	-5.29%	-59.78%	-16.22%	485.71%	-37.92%	51.13%	-15.13%	-96.83%	-36.46%	1354.03%	1779.70%	-55.38%	17551.19%	-96.14%	-91.03%	298.86%	-99.58%	149.77%	-28.02%	45.66%	93.01%	38.93%	19.23%	6.11%
qoq	-42.43%	88.95%	-47.08%	112.43%	-8.46%	0.00%	12.06%	4.18%	-51.36%	94.72%	-2.99%	0.00%	12.08%	1.05%	-49.15%	103.45%	-10.94%	0.00%	20.32%	16.52%	-45.32%	120.63%	-34.30%	1.44%	39.68%	5.32%	-42.50%	135.27%	-7.08%	0.00%	40.82%	-1.51%	-48.10%	107.90%	-92.84%	358.73%	0.00%	16.40%	5.77%	-51.74%	93.28%	-9.39%	0.00%	7.52%	7.81%	4.93%	-15.25%	0.00%	24.02%	3.99%	12.85%	-28.34%	0.00%	2.05%	56.20%	22.45%	19.63%	0.00%	-69.27%	255.66%	-50.92%	46.45%	-34.72%	-21.59%	38.80%	-3.89%	-3.28%	-1.16%	110.64%	-52.97%	-58.93%	105.88%	1372.65%	-95.02%	0.00%	15.62%	-45.05%	0.00%	2188.41%	49.47%	-98.70%	39459.73%	-99.50%	247.00%	-42.01%	-58.74%	200.81%	0.00%	17.36%	-45.33%	116.52%	-14.18%	4.44%
gross margin %	Infinity%	30.62%	Infinity%	30.62%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	35.77%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	39.68%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	33.83%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	30.88%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
research and development expenses	11,494,000	23,930,000	12,309,000	23,930,000	11,621,000	10,108,000	10,108,000	9,481,000	9,228,000	18,547,000	9,319,000	11,624,000	11,624,000	10,546,000	9,384,000	19,003,000	9,619,000	10,098,000	6,385,500	9,156,000	8,718,000		7,668,000	9,357,000	5,918,500	7,640,000	7,923,000		8,111,000	7,474,000	5,053,750	6,442,000	6,139,000		7,634,000		8,120,000	6,022,000	7,596,000	7,635,000		8,857,000	9,169,000	6,320,000	8,550,000	8,284,000	8,446,000	8,785,000	5,162,000	7,181,000	6,712,000	6,755,000	7,103,000	4,843,500	6,781,000	6,705,000	5,888,000
selling and marketing expenses	9,075,000	16,467,000	8,265,000	16,467,000	8,202,000	6,657,000	6,657,000	6,615,000	7,032,000	14,109,000	7,077,000	7,119,000	7,119,000	6,183,000	5,932,000	11,941,000	6,009,000	5,970,000	3,931,000	5,414,000	4,960,000		5,350,000	5,685,000	3,956,750	5,359,000	5,464,000		5,004,000	4,534,000	3,084,250	3,687,000	3,584,000		5,066,000		5,156,000	4,083,000	5,044,000	5,417,000		5,871,000	5,497,000	4,302,250	5,493,000	6,303,000	5,413,000	6,572,000	4,296,750	5,837,000	5,555,000	5,795,000	6,187,000	4,306,000	6,248,000	5,853,000	5,123,000	6,098,000	4,681,250	18,725,000	6,050,000	8,677,000	6,263,000	8,535,000	6,320,000	6,913,000	8,677,000	9,690,000	8,535,000	7,545,250	9,159,000	21,022,000	9,827,000	-314,000	12,534,000	7,524,250	9,346,000	20,751,000	20,751,000	-328,000				23,199,000							15,963,000
general and administrative expenses	6,822,000	13,027,000	6,243,000	13,027,000	6,784,000	6,192,000	6,192,000	6,162,000	6,437,000	14,514,000	8,077,000	6,312,000	6,312,000	3,748,000	4,724,000	9,155,000	4,431,000	5,525,000	3,331,250	4,770,000	4,371,000		4,184,000	4,545,000	2,760,500	4,104,000	3,855,000		3,083,000	3,794,000	2,567,250	2,478,000	2,973,000		4,545,000		4,967,000	3,416,500	4,139,000	4,585,000		4,942,000	4,061,000	3,240,750	4,574,000	4,054,000	4,335,000	4,835,000	3,756,500	4,303,000	5,903,000	4,820,000	5,036,000	5,358,750	11,283,000	5,714,000	4,438,000	3,418,000	3,806,500	15,226,000	5,164,000	4,841,000	4,591,000	6,341,000	3,502,750	4,258,000	4,841,000	4,912,000	6,341,000	6,186,500	8,185,000	16,561,000	8,518,000	-292,000	8,961,000	6,278,500	8,840,000	16,274,000	16,274,000	-282,000				18,100,000							13,893,000
other operating expenses (income)	-206,000		-574,000	3,964,000	4,538,000	-4,706,000			1,085,000			986,000	986,000	-7,417,000	47,000	-2,340,000
total operating expenses	27,185,000	57,388,000	26,243,000	57,388,000	31,145,000	18,251,000	18,251,000	20,938,000	23,782,000	46,445,000	22,663,000	26,041,000	26,041,000	13,060,000	20,087,000	37,759,000	17,672,000	21,646,000	21,646,000	19,619,000	18,278,000	35,690,000	17,412,000	19,333,000	19,333,000	16,687,000	17,052,000	33,066,000	16,014,000	-49,434,000	-49,434,000	20,345,000	13,042,000	32,693,000	19,651,000		17,829,000	17,829,000	16,263,000	17,098,000	36,213,000	19,115,000	18,505,000	18,505,000	18,223,000	18,298,000	17,727,000	19,593,000	19,593,000	17,024,000	17,694,000	17,323,000	17,710,000	17,710,000	23,942,000	17,720,000	15,363,000	13,770,000																													71,095,000
operating income	7,546,000	2,937,000	5,684,000	2,937,000	-2,747,000	12,770,000	12,770,000	6,745,000	2,791,000	8,182,000	5,391,000	2,879,000	2,879,000	12,744,000	5,449,000	12,462,000	7,013,000	6,070,000	6,070,000	3,416,000	1,491,000	467,000	-1,024,000	5,610,000	5,257,000	918,000	-337,000	-3,994,000	-3,657,000	62,732,000	62,732,000	-10,902,000	-3,454,000	-14,219,000	-10,765,000	15,494,000	9,239,000	9,239,000	6,991,000	4,887,000	9,342,000	4,455,000	7,509,000	7,509,000	5,971,000	4,144,000	3,660,000	5,643,000	5,643,000	3,325,000	1,875,000	18,000	6,488,000	6,488,000	-229,000	-2,539,000	-2,965,000	-3,406,000	-3,406,000	-40,295,000	-29,084,000	-482,000	-4,006,000	-2,716,000	5,494,000	1,537,000	-482,000	-1,512,000	-2,716,000	1,187,000	-3,448,000	-1,832,000	-836,000	2,298,000	-28,140,000	-28,140,000	3,197,000	-198,000	-198,000	3,081,000	4,638,000	-20,332,000	1,633,000	934,000	-1,409,000	779,000	-664,000	-4,142,000	-4,142,000	-678,000	-1,353,000	-1,409,000	56,000	161,000								742,000
yoy	-374.70%	-77.00%	-55.49%	-56.46%	-198.42%	56.07%	136.88%	134.28%	-3.06%	-35.80%	-1.06%	-76.90%	-58.95%	109.95%	-10.23%	264.81%	370.36%	1199.79%	-692.77%	-39.11%	-71.64%	-49.13%	203.86%	-240.46%	-243.75%	-98.54%	-100.54%	-63.36%	5.88%	-541.18%	-682.74%	-170.36%	-137.38%	-253.90%	-253.98%	217.05%	-1.10%	107.38%	-6.90%	-34.92%	56.46%	7.50%	105.16%	33.07%	5.81%	24.63%	95.20%	31250.00%	-13.02%	-48.75%	-918.78%	-100.71%	-318.82%	-290.49%	-93.28%	-93.70%	-89.81%	606.64%	-14.98%	1383.62%	-629.38%	-131.36%	731.12%	79.63%	-302.28%	29.49%	-86.02%	-17.47%	224.88%	-48.35%	-87.75%	-93.49%	-126.15%	-1260.61%	14112.12%	-1013.34%	-31.07%	-99.03%	-112.12%	229.87%	-429.17%	-2710.01%	-345.93%	-122.55%	-65.98%	-214.90%	-50.92%	193.97%	-7496.43%	-521.12%
qoq	156.93%	-48.33%	93.53%	-206.92%	-121.51%	0.00%	89.33%	141.67%	-65.89%	51.77%	87.25%	0.00%	-77.41%	133.88%	-56.28%	77.70%	15.54%	0.00%	77.69%	129.11%	219.27%	-145.61%	-118.25%	6.71%	472.66%	-372.40%	-91.56%	9.22%	-105.83%	0.00%	-675.42%	215.63%	-75.71%	32.09%	-169.48%	67.70%	0.00%	32.16%	43.05%	-47.69%	109.70%	-40.67%	0.00%	25.76%	44.09%	13.22%	-35.14%	0.00%	69.71%	77.33%	10316.67%	-99.72%	0.00%	-2933.19%	-90.98%	-14.37%	-12.95%	0.00%	-91.55%	38.55%	5934.02%	-87.97%	47.50%	-149.44%	257.45%	-418.88%	-68.12%	-44.33%	-328.81%	-134.43%	88.21%	119.14%	-136.38%	-108.17%	0.00%	-980.20%	-1714.65%	0.00%	-106.43%	-33.57%	-122.81%	-1345.07%	74.84%	-166.29%	-280.87%	-217.32%	-83.97%	0.00%	510.91%	-49.89%	-3.97%	-2616.07%	-65.22%
operating margin %	Infinity%	1.49%	Infinity%	1.49%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	5.36%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	9.85%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	0.44%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	-0.29%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
financial income (expenses)	-992,000	-2,186,000	-1,250,000	-2,186,000	-936,000		63,000	662,000	266,000	779,000	513,000	1,196,000									-468,000						435,000																																					-1,602,000																				-737,000		-676,000	1,050,000	-243,000	-243,000	-324,000	10,000	-59,000		391,000
income before taxes on income	6,554,000	751,000	4,434,000	751,000	-3,683,000	12,833,000	12,833,000	7,407,000	3,057,000	8,961,000	5,904,000	4,075,000	4,075,000	12,392,000	4,863,000	11,727,000	6,864,000	5,968,000	5,968,000	2,363,000	1,023,000			5,346,000	4,993,000	217,000	98,000			62,540,000	62,540,000	-11,188,000	-3,911,000	-15,648,000	-11,737,000		8,562,000	8,562,000	6,451,000	4,308,000	7,942,000	3,634,000	6,377,000	6,377,000	4,993,000	2,539,000	3,077,000	4,505,000	512,250	2,202,000	633,000		4,820,000					-4,799,000			-32,024,000	-997,000		-4,318,000	3,555,000	1,188,000	-997,000	-2,546,000		-24,000	-5,027,000		-3,351,000	2,298,000		-25,626,000	2,785,000	-2,213,000	-2,213,000	2,132,000	4,563,000	-7,978,000	-35,652,000	2,023,000	-1,468,000	1,052,000	2,782,000	-4,310,000	-4,310,000	36,283,000			125,000									1,403,000
taxes on income	1,544,000	3,083,000	5,396,000	3,083,000	-2,313,000	-1,069,000	-1,069,000	-588,000	-1,755,000	-2,695,000	940,000	628,000	628,000	2,240,000	538,000	1,822,000	1,284,000	11,988,000	11,988,000	243,000	517,000	832,000	315,000	2,969,000	2,969,000	49,000	227,000	474,000	247,000	98,000	98,000	363,000	314,000	332,000	18,000		-15,459,000	-15,459,000	163,000	903,000	1,713,000	810,000	1,082,000	1,082,000	-3,659,000	388,000	766,000	1,102,000	1,102,000	152,000	-1,499,000	-2,000	285,000	285,000	398,000	251,000	318,000	450,000	450,000	740,000	173,000	434,000	249,000	-708,000	1,118,000	259,000	434,000	90,000		-823,000	-983,000	1,051,000	625,000			-1,324,000	-536,000	-2,000	-2,000					644,000	-135,000	612,000	904,000	589,000	589,000	74,000	-652,000	-135,000	-517,000	203,000								113,000
net income	8,098,000	3,834,000	9,830,000	3,834,000	-5,996,000	11,764,000	11,764,000	6,819,000	1,302,000	6,266,000	4,964,000	3,447,000	3,447,000	10,152,000	4,325,000	9,905,000	5,580,000	-6,020,000	-6,020,000	2,120,000	506,000	-2,028,000	-2,534,000	2,377,000	2,024,000	168,000	-129,000	-5,225,000	-5,096,000	62,442,000	62,442,000	-11,551,000	-4,225,000	-15,980,000	-11,755,000	9,883,000	24,021,000	24,021,000	6,288,000	3,405,000	6,229,000	2,824,000	5,295,000	5,295,000	8,652,000	2,151,000	2,311,000	3,403,000	3,403,000	2,050,000	2,132,000							-5,249,000	-11,771,250	-47,085,000	-32,397,000	-1,423,000	-5,606,000	-7,521,000	2,437,000	177,000	-1,423,000	-2,687,000	-7,521,000	-7,521,000	-4,044,000	-6,332,000	-3,976,000	2,298,000	-24,302,000	-24,302,000	3,321,000	-2,211,000	-2,211,000	2,132,000	4,563,000	-7,635,000	-35,652,000	1,379,000	-1,333,000	440,000	1,878,000	-4,899,000	-4,899,000	36,209,000	-691,000	-1,333,000	642,000	349,000								1,290,000
yoy	-235.06%	-67.41%	-16.44%	-43.77%	-560.52%	87.74%	136.99%	97.82%	-62.23%	-38.28%	14.77%	-65.20%	-38.23%	-268.64%	-171.84%	367.22%	1002.77%	196.84%	137.57%	-10.81%	-75.00%	-1307.14%	1864.34%	-145.49%	-139.72%	-99.73%	-100.21%	-54.77%	20.62%	-490.75%	-631.20%	-216.88%	-117.59%	-166.53%	-286.94%	190.25%	285.63%	750.60%	18.75%	-35.69%	-28.01%	31.29%	129.12%	55.60%	154.25%	4.93%	8.40%											268.87%	109.98%	526.05%	-1429.38%	-903.95%	293.96%	179.90%	-132.40%	-102.35%	-64.81%	-57.56%	89.16%	-427.28%	-83.36%	-73.94%	-219.72%	-203.93%	999.14%	-1239.87%	-27.22%	-71.04%	-93.80%	54.60%	-442.31%	-1835.23%	-1998.40%	-128.15%	-72.79%	-98.78%	-371.78%	267.52%	-863.08%	10275.07%
qoq	111.22%	-61.00%	156.39%	-163.94%	-150.97%	0.00%	72.52%	423.73%	-79.22%	26.23%	44.01%	0.00%	-66.05%	134.73%	-56.34%	77.51%	-192.69%	0.00%	-383.96%	318.97%	-124.95%	-19.97%	-206.60%	17.44%	1104.76%	-230.23%	-97.53%	2.53%	-108.16%	0.00%	-640.58%	173.40%	-73.56%	35.94%	-218.94%	-58.86%	0.00%	282.01%	84.67%	-45.34%	120.57%	-46.67%	0.00%	-38.80%	302.23%	-6.92%	-32.09%	0.00%	66.00%	-3.85%								-55.41%	-75.00%	45.34%	2176.67%	-74.62%	-25.46%	-408.62%	1276.84%	-112.44%	-47.04%	-64.27%	0.00%	85.98%	-36.13%	59.26%	-273.02%	-109.46%	0.00%	-831.77%	-250.20%	0.00%	-203.71%	-53.28%	-159.76%	-78.58%	-2685.35%	-203.45%	-402.95%	-76.57%	-138.33%	0.00%	-113.53%	-5340.09%	-48.16%	-307.63%	83.95%
net income margin %	Infinity%	1.95%	Infinity%	1.95%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	4.10%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	7.83%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-1.90%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	-Infinity%	Infinity%	0.82%	-Infinity%	-Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	Infinity%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%
earnings per share	0.14		0.17	0.07	-0.11	0.21	0.21	0.12	0.02	0.11	0.09	0.06	0.088	0.18	0.08	0.17	0.1	-0.11		0.04	0.01																							0.06	0.16	0.04	0.04	0.06	0.015	0.04	0.04
weighted-average number of shares used in
computing earnings per share					57,037,671
basic	58,477,579		57,124,568			57,017,032	14,254,220.75	57,017,032	57,017,032		57,016,585	56,820,774	14,154,601.75	56,623,793	56,617,943		56,613,485	56,610,404	14,146,464.5	56,608,981	56,597,523				14,088,755	56,525,177				55,545,654			55,505,342		55,493,258			13,832,404.25	55,463,945	55,446,127		55,197,588	55,134,977	13,714,509.5	54,950,327	54,858,330		54,719,903	13,666,948.75	54,703,658	54,676,042
diluted	59,852,657		57,341,141			57,017,032	14,254,220.75	57,017,032	57,017,032		57,016,585	56,820,774	14,155,781.25	56,624,966	56,620,977		56,623,432	56,610,404	14,151,213.5	56,626,283	56,637,208				14,088,755	56,958,250				55,815,099			55,505,342		55,493,258			14,007,424.5	56,059,239	56,189,217		55,959,504	55,962,447	13,920,676.75	55,818,557	55,639,202		55,237,923	13,680,828.75	54,788,086	54,701,316
revenues:
products		137,291,000		137,291,000						93,434,000						81,832,000						63,830,000						69,467,000						48,209,000							83,983,000																		49,459,000	79,511,000												76,316,000						81,523,000						98,808,000			91,407,000				52,554,000
services		59,716,000		59,716,000						59,275,000						44,719,000						43,033,000						32,169,000						37,779,000							37,811,000																		18,223,000	50,350,000												86,717,000						80,403,000						62,927,000			136,652,000				56,349,000
total revenues		197,007,000		197,007,000						152,709,000						126,551,000						106,863,000																																																																	228,059,000
yoy
qoq
cost of revenues:
total cost of revenues		136,682,000		136,682,000						98,082,000						76,330,000						70,706,000																																																																	157,628,000
operating expenses:
other operating expenses		3,964,000
earnings (losses) per share:
weighted-average number of shares used in computing earnings (losses) per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
weighted-average number of shares used in computing earnings per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
computing earnings per share					57,037,671
financial income						63,000																																																																																							69,000
other operating income							-511,250	-1,320,000		-725,000	-1,810,000						-2,387,000
impairment of held for sale asset																		53,000	53,000	279,000	229,000	439,000	210,000	651,000
financial expenses													271,750	352,000	586,000	735,000	149,000	-102,000	5,534,000	-1,053,000		-1,663,000	-1,195,000	264,000	3,180,000	-701,000		-757,000	-1,192,000	192,000	3,622,000	-286,000	-457,000	-1,429,000	-972,000		677,000	-4,557,000	540,000	-579,000	-1,400,000	-821,000	-1,132,000	7,464,000	-978,000	-1,605,000	-583,000	-1,138,000	-1,138,000	-1,123,000	-1,242,000	-804,000	-1,668,000	-1,668,000	-1,572,000	-860,000	-743,000	-1,393,000	-1,393,000	-5,850,000	-2,940,000	-515,000	-1,351,000		-1,939,000	-349,000	-515,000	-1,034,000	-1,602,000	-1,257,000	-1,579,000	-3,449,000	-2,515,000		-215,000	-215,000	-412,000	-2,015,000	-2,015,000						-59,000
computing earning (loss) per share
basic	58,477,579		57,124,568			57,017,032	14,254,220.75	57,017,032	57,017,032		57,016,585	56,820,774	14,154,601.75	56,623,793	56,617,943		56,613,485	56,610,404	14,146,464.5	56,608,981	56,597,523				14,088,755	56,525,177				55,545,654			55,505,342		55,493,258			13,832,404.25	55,463,945	55,446,127		55,197,588	55,134,977	13,714,509.5	54,950,327	54,858,330		54,719,903	13,666,948.75	54,703,658	54,676,042
diluted	59,852,657		57,341,141			57,017,032	14,254,220.75	57,017,032	57,017,032		57,016,585	56,820,774	14,155,781.25	56,624,966	56,620,977		56,623,432	56,610,404	14,151,213.5	56,626,283	56,637,208				14,088,755	56,958,250				55,815,099			55,505,342		55,493,258			14,007,424.5	56,059,239	56,189,217		55,959,504	55,962,447	13,920,676.75	55,818,557	55,639,202		55,237,923	13,680,828.75	54,788,086	54,701,316
research and development																						16,386,000																													6,236,000	6,708,000	6,487,000	6,487,000	6,411,000	6,153,000																															13,970,000
selling and marketing																						10,310,000						10,468,000						8,650,000							11,288,000																																														29,138,000
general and administrative																						8,555,000						6,938,000						7,791,000							9,527,000																																														27,987,000
loss before taxes on income																						-1,196,000	-2,219,000					-4,751,000	-4,849,000																							-786,000					-3,708,000		-11,536,250	-46,145,000			-5,357,000						-4,318,000			-5,281,000			-25,626,000																-1,343,000	-1,468,000
loss per share																						-0.04																														-0.01		0.09	-0.04	-0.07	-0.09
weighted-average number of shares used in computing loss per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
basic and diluted loss per share																							-0.04
computing loss per share																																																				54,623,685		12,774,207.25	54,523,585	54,384,521	44,382,379
basic																							56,551,070						56,031,343
diluted																							56,551,070						56,031,343
less - grants																								905,000	197,500	416,000	190,000		184,000	454,000	233,000	460,000	200,000		272,000		414,000	402,500	516,000	539,000		555,000	222,000	301,000	394,000	343,000	467,000	599,000	205,000	297,000	476,000	47,000	616,000	252,000	370,000	552,000	86,000	1,977,000			151,000	594,000	190,000	142,000	450,500	854,000	594,000	354,000	142,000	362,250	585,000		532,000		710,000	586,250	661,000		1,684,000						1,270,000	471,000		878,000	592,750	886,000		1,270,000	215,000	591,000								737,000
merger, acquisition and related litigation expenses (income)																														-64,782,000
basic and diluted earnings per share																								0.04	-0.023								-0.08		-0.21					0.06		0.05
weighted-average number of shares used in computing earnings per share
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
merger, acquisition and related litigation expense
restructuring costs																																			273,000																							522,000	522,000	986,000	986,000			564,000					564,000
computing earnings per share					57,037,671
basic and diluted																											56,508,539
revenue:
total revenue																												101,636,000						85,988,000							121,794,000																		32,465,250	129,861,000												163,033,000						161,926,000						161,735,000							108,903,000
cost of revenue:
total cost of revenue																												72,564,000						67,514,000							76,239,000																		24,034,250	96,137,000												113,370,000						110,208,000						103,255,000							72,413,000
research and development costs																												15,660,000						13,301,000							15,398,000																		4,670,000	18,680,000												13,912,000						14,891,000						15,991,000							7,987,000
merger, acquisition and related litigation expenses
net income per share																																																										-0.12			-0.73		-0.13		-0.018	0.02	-0.03	-0.06
basic																												-0.09						-0.29							0.11																																					-0.05						0.03							-0.02
diluted																												-0.09						-0.29							0.11																																					-0.05						0.03							-0.02
basic loss per share																													-0.09
diluted loss per share																													-0.09
basic earnings per share																														1.12	-0.125	-0.21					0.43	0.058	0.11				0.1
diluted earnings per share																														1.12	-0.125	-0.21					0.43	0.055	0.11				0.09
merger, acquisition and related litigation																															2,787,250	8,198,000
merger and acquisition costs																																	546,000	2,951,000	2,405,000
(*) including restructuring cost
weighted-average number of shares used in computing earning per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
net sales																																				331,921,000
cost of sales																																				207,752,000
expenses:
selling, general and administrative																																				61,225,000
research and development, net of grants																																				28,601,000
amortization of intangibles . .																																				10,435,000
acquisition plan expenses																																				8,414,000
																																				108,675,000
other expenses:
interest expense																																				3,420,000
interest (income) and other . .																																				-71,000
income before provision for income taxes																																				12,145,000
provision for income taxes																																				2,262,000
net income per share																																																										-0.12			-0.73		-0.13		-0.018	0.02	-0.03	-0.06
basic . . . . . . . . . . . . . . . . . . . . . . . .																																				0.4
diluted . . . . . . . . . . . . . . . . . . . . . . .																																				0.4
weighted-average number of common shares outstanding – basic . . . . . . . . .																																				24,607,000
weighted-average number of common and common equivalent shares outstanding – diluted																																				24,904,000
litigation expenses
loss																																																				-784,000		4,535,000	-2,199,000	-3,650,000	-4,026,000
computing loss per share																																																				54,623,685		12,774,207.25	54,523,585	54,384,521	44,382,379
impairment of long lived assets																																																										10,137,000
goodwill impairment																																																												20,402,000	20,402,000
income from continuing operations																																																					4,535,000					-5,249,000			-32,197,000
loss from discontinued operations																																																													-200,000
income																																																					4,535,000
income per share from continuing operations																																																					0.08
loss per share from discontinued operations
income per share																																																					0.08
computing income per share
basic																																																					54,591,346
diluted																																																					54,615,092
loss before taxes																																																						-2,227,000	-1,801,000	-3,399,000
loss from continuing operations																																																						4,535,000	-2,199,000
loss per share from continuing operations																																																						-0.048	-0.04
research and development expenses:
expenses incurred																																																										5,709,000			6,115,000	6,878,000	6,534,000	7,627,000	5,207,750	6,714,000	6,878,000	7,239,000	7,627,000	5,466,000	7,088,000		7,145,000	-54,000	8,022,000	6,068,500	7,699,000		16,575,000	-55,000	-48,000	-43,500	-46,000		4,749,000	8,867,000		7,342,000	3,713,000	5,380,000		4,749,000	4,723,000	4,016,000								4,635,000
computing net income per share
basic																																																										44,311,825			44,030,805	42,357,784
diluted																																																										44,311,825			44,030,805	42,357,784
net income from continuing operations																																																											-11,721,250	-46,885,000		-1,431,000	-5,606,000	-3,610,000	2,437,000	929,000	-1,431,000	-2,636,000	-3,610,000
net loss from discontinued operation																																																											-50,000	-200,000
continuing operations																																																											-0.11	-1.08
discontinued operation
total net loss per share																																																											-0.27	-1.08
weighted-average number of shares used in computing net loss per share:
basic and diluted																																																											43,655,309	43,436,470					42,444,482							41,849,028
net income from discontinued operations																																																														8,000		-3,911,000					-3,911,000
basic net income per share from continuing operations																																																														-0.03
basic net income per share from discontinued operations
basic net income per share																																																														-0.03
diluted net income per share from continuing operations																																																														-0.03
diluted net income per share from discontinued operations
diluted net income per share																																																														-0.03
net loss from discontinued operations																																																																		-752,000	8,000	-51,000
computing net loss per share
basic																																																															42,883,469		10,592,759.75	42,579,396			42,098						41,603																	40,403
diluted																																																															42,883,469		10,592,759.75	42,995,059			42,098						41,603																	40,403
basic net earnings per share from continuing operations																																																																-0.09
basic net earnings per share from discontinued operations																																																																-0.09					-0.09
basic net earnings per share																																																																-0.18						-0.18	-0.1		-0.09			0.008	0.08		-0.05						-0.03	0.01		-0.12	0.22	0.89			0.02	0.01								0.03
diluted net earnings per share from continuing operations																																																																-0.09
diluted net earnings per share from discontinued operations																																																																-0.09					-0.09
diluted net earnings per share																																																																-0.18						-0.18	-0.1		-0.09			0.008	0.08		-0.05						-0.03	0.01		-0.12	0.213	0.86			0.02	0.01								0.03
computing net earnings per share
basic																																																																42,098,075						10,478.75	42,048		41,932			10,336.5	41,462		41,288						40,403	40,746		40,639	10,102.5	40,517				40,245
diluted																																																																42,098,075						10,478.75	42,048		41,932			10,556	42,302		41,288						40,403	42,136		40,639	10,491.75	41,991				41,664
computing net loss per share
basic and diluted																																																																			42,358	42,176
impairment of goodwill and intangible assets
other income																																																																											2,729,000					-949,000	-75,000	14,285,000	-37,285,000	1,826,000		949,000	2,396,000	75,000	75,000	37,285,000
tax benefit																																																																					-708,000						-1,324,000
basic net loss per share from continuing operations																																																																					-0.09
basic net loss per share																																																																					-0.18						-0.58																	-0.03
diluted net loss per share from continuing operations																																																																					-0.09
diluted net loss per share																																																																					-0.18						-0.58																	-0.03
net income per share																																																										-0.12			-0.73		-0.13		-0.018	0.02	-0.03	-0.06
basic and diluted																																																																								-0.15
computing net loss per share:
basic																																																															42,883,469		10,592,759.75	42,579,396			42,098						41,603																	40,403
diluted																																																															42,883,469		10,592,759.75	42,995,059			42,098						41,603																	40,403
costs related to acquisition transactions																																																																																-156,000	-2,612,000	512,000	-759,000	256,000		156,000		2,612,000	2,612,000	759,000
impairment of goodwill and intangible assets and restructuring costs																																																																											32,194,000
weighted-average number of shares used in computing net income per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
computing net earnings per share:
basic																																																																42,098,075						10,478.75	42,048		41,932			10,336.5	41,462		41,288						40,403	40,746		40,639	10,102.5	40,517				40,245
diluted																																																																42,098,075						10,478.75	42,048		41,932			10,556	42,302		41,288						40,403	42,136		40,639	10,491.75	41,991				41,664
selling, marketing, general and administrative expenses																																																																																	-466,000	-462,250	-535,000		14,783,000	19,729,000		18,480,000	11,190,000	15,375,000		14,783,000	15,073,000	15,216,000
impairment of goodwill and restructuring costs
net earnings per share:
basic																																																																																							0.05
diluted																																																																																							0.04
weighted-average number of shares used in computing net earnings per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
weighted-average number of shares used in computing net loss per share:
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
weighted-average number of shares used in computing net earnings per share
basic		57,081,120		57,081,120			57,016,920			57,016,808			56,668,999			56,615,714			56,591,994			56,574,296		56,539,237	56,401,074			56,269,941			55,516,113	55,520,197		55,499,300			55,485,961				55,262,453						54,765,456		54,680,822																											41,410,409		41,288,247				40,929,056		40,807,338			40,159,431		40,466,906		40,356,235		40,309		40,159							39,864
diluted		57,189,406		57,189,406			57,016,920			57,016,808			56,672,537			56,622,204			56,591,994			56,574,296		56,627,907	56,401,074			56,269,941			55,583,474	55,520,197		55,499,300			56,034,744				56,014,927						55,590,362		54,851,967																											41,410,409		41,288,247				40,929,056		42,113,951			41,473,515		41,985,158		40,356,235		41,969		41,474							42,380
impairment of long lived assets and other charges
expenses related to aborted merger transaction
income (loss) before taxes on income																																																																																														552,000
weighted average number of shares used in
smg&a																																																																																																						16,374,000
financial income, net and other																																																																																																						872,000
expenses related to merger transaction																																																																																																						-211,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-12	2025-08-06	2025-06-30	2025-05-19	2025-02-12	2025-01-06	2024-12-31	2024-11-13	2024-08-07	2024-06-30	2024-05-08	2024-02-26	2023-12-31	2023-11-07	2023-08-08	2023-06-30	2023-05-09	2023-02-14	2022-12-31	2022-11-14	2022-08-09	2022-06-30	2022-05-23	2022-02-15	2021-12-31	2021-11-09	2021-08-10	2021-06-30	2021-05-04	2021-02-16	2020-12-31	2020-11-10	2020-08-31	2020-06-30	2020-06-03	2020-04-03	2020-02-19	2020-01-31	2019-12-31	2019-11-19	2019-08-06	2019-06-30	2019-05-14	2019-02-12	2018-12-31	2018-11-13	2018-08-07	2018-05-15	2018-02-13	2017-12-31	2017-11-14	2017-08-08	2017-05-16	2017-02-14	2016-11-15	2016-08-10	2016-05-18	2016-02-17	2015-11-18	2015-08-12	2015-05-20	2015-02-18	2014-11-18	2014-08-13	2014-05-21	2014-02-18	2013-11-13	2013-08-14	2013-05-08	2013-02-13	2012-11-14	2012-08-15	2012-05-23	2012-02-22	2011-11-15	2011-08-10	2011-05-17	2011-03-31	2011-02-22	2010-11-17	2010-08-10	2010-05-12	2010-02-22	2008-08-28

assets
current assets:
cash and cash equivalents	154,451,000	64,929,000	64,929,000	63,783,000	119,384,000		119,384,000	109,554,000	93,667,000	93,667,000	104,057,000	103,961,000	103,961,000	99,530,000	87,408,000	87,408,000	89,119,000	86,591,000	86,591,000	68,439,000	70,133,000	70,133,000	73,611,000	81,859,000	81,859,000	63,774,000	57,882,000	57,882,000	48,905,000	88,754,000	88,754,000	51,574,000	59,601,000	59,601,000	66,818,000	46,471,000	74,778,000	45,000,000	74,778,000	53,089,000	39,904,000	39,904,000	69,109,000	67,381,000	67,381,000	59,827,000	57,010,000	78,929,000	52,957,000	52,957,000	77,234,000	78,831,000	65,076,000	40,133,000	53,439,000	50,760,000	33,160,000	18,435,000	27,723,000	25,596,000	30,365,000	27,726,000	24,638,000	33,400,000	48,579,000	58,424,000	53,914,000	65,841,000	71,517,000	66,968,000	61,026,000	52,540,000	35,569,000	56,231,000	44,495,000	46,114,000	49,249,000	11,505,253	57,238,000	120,972,000	127,309,000	85,401,000	122,672,000	52,692,000
restricted cash	430,000	474,000	474,000	470,000	853,000		853,000	1,192,000	1,030,000	1,030,000	1,057,000	736,000	736,000	749,000	374,000	374,000	608,000	541,000	541,000	1,425,000	1,313,000	1,313,000	1,516,000	2,592,000	2,592,000	21,624,000	21,910,000	21,910,000	26,642,000	27,162,000	27,162,000	25,628,000	25,579,000	25,579,000	25,710,000		27,067,000		27,067,000	30,916,000	27,094,000	27,094,000	32,428,000	32,305,000	32,305,000	38,566,000	32,295,000	27,122,000	29,288,000	29,288,000	24,275,000	24,379,000	23,817,000	62,229,000	65,537,000	72,539,000	87,707,000	100,779,000	68,405,000	73,156,000	13,900,000	25,983,000	34,917,000	32,197,000	24,813,000	18,891,000	1,869,000											100,000
trade receivables	54,381,000	53,162,000		49,164,000	53,554,000		49,600,000	51,506,000	62,217,000		53,459,000	44,725,000	44,725,000	46,966,000	41,577,000		44,440,000	50,644,000	50,644,000	51,677,000	51,303,000		45,909,000	38,744,000	39,161,000	29,705,000	33,009,000		27,820,000	27,976,000	27,976,000	26,199,000	28,560,000	28,560,000	33,667,000		47,731,000		47,731,000	44,184,000	45,553,000	45,553,000	40,049,000	94,924,000	47,164,000	86,107,000	78,995,000	73,654,000	108,842,000	108,842,000	86,517,000	84,219,000	96,360,000	89,377,000	41,955,000	48,106,000	52,806,000	50,984,000	38,731,000	50,558,000	55,900,000	57,728,000	54,388,000	64,828,000	58,676,000	56,466,000	59,194,000	62,929,000	55,086,000	60,991,000	61,719,000	58,223,000	59,730,000	51,654,000	55,336,000	53,086,000	51,337,000		51,994,000	52,779,000	43,925,000	54,326,000	45,597,000
contract assets	14,703,000	8,603,000	8,603,000	33,394,000	20,987,000		24,941,000	32,010,000	26,041,000	26,041,000	22,775,000	28,327,000	28,327,000	20,522,000	17,557,000	17,557,000	20,546,000	24,971,000	24,971,000	29,688,000	29,310,000	29,310,000	28,587,000	24,220,000	26,008,000	24,469,000	23,830,000	23,830,000	46,060,000	41,573,000	41,573,000	38,102,000	32,060,000	32,060,000	28,549,000		23,698,000		23,698,000	21,392,000	47,119,000	47,119,000	47,504,000		47,760,000
inventories	51,344,000	48,737,000	48,737,000	59,431,000	38,890,000		38,890,000	39,892,000	36,774,000	36,774,000	41,241,000	38,525,000	38,525,000	37,673,000	40,049,000	40,049,000	40,019,000	33,024,000	33,024,000	33,925,000	32,156,000	32,156,000	30,642,000	28,432,000	28,432,000	31,577,000	29,644,000	29,644,000	33,339,000	31,304,000	31,304,000	31,816,000	32,489,000	32,489,000	33,515,000	74,064,000	27,203,000		27,203,000	27,512,000	26,224,000	26,224,000	24,379,000	21,109,000	21,109,000	26,619,000	27,380,000	29,502,000	28,853,000	28,853,000	29,921,000	24,471,000	24,634,000	21,469,000	23,064,000	26,856,000	28,072,000	25,358,000	28,830,000	26,922,000	29,003,000	25,112,000	26,065,000	24,700,000	26,377,000	27,141,000	31,560,000	29,384,000	28,432,000	24,973,000	27,913,000	30,946,000	34,031,000	31,933,000	31,788,000	29,679,000	30,018,000		29,612,000	15,284,000	13,721,000	15,307,000	13,711,000	24,521,000
other current assets	44,680,000	45,498,000	45,498,000	34,395,000	21,963,000		21,963,000	23,304,000	20,016,000	20,016,000	20,873,000	24,299,000	24,299,000	20,407,000	22,744,000	22,744,000	22,136,000	19,283,000	19,283,000	24,808,000	22,458,000	22,458,000	18,959,000	14,607,000	14,607,000	24,189,000	22,508,000	22,508,000	18,832,000	16,637,000	16,637,000	16,558,000	15,581,000	15,581,000	18,245,000		23,007,000		23,007,000	25,901,000	25,777,000	25,777,000	26,912,000	26,022,000	26,022,000	33,342,000	31,856,000	22,049,000	21,970,000	21,686,000	21,211,000	24,371,000	20,996,000	17,017,000	14,390,000	16,674,000	18,432,000	16,223,000	16,036,000	16,390,000	12,324,000	14,760,000	13,936,000	17,759,000	18,282,000	10,143,000	24,820,000	21,353,000	29,209,000	29,140,000	28,781,000	32,355,000	27,659,000	25,767,000	25,705,000	27,475,000	27,283,000		22,973,000	23,083,000	21,389,000	18,063,000	19,068,000	23,530,000
total current assets	319,989,000	221,403,000	221,403,000	240,637,000	255,631,000		255,631,000	257,458,000	239,745,000	239,745,000	243,462,000	240,573,000	240,573,000	225,847,000	209,709,000	209,709,000	216,868,000	215,054,000	215,054,000	213,959,000	210,949,000	210,949,000	205,760,000	197,200,000	199,405,000	195,338,000	190,942,000	190,942,000	201,598,000	233,406,000	233,406,000	189,877,000	193,870,000	193,870,000	206,504,000	289,570,000	223,484,000		223,484,000	203,069,000	214,024,000	214,024,000	243,030,000	246,113,000	246,113,000	249,251,000	233,870,000	231,507,000	246,235,000	245,951,000	245,661,000	242,381,000	234,964,000	239,283,000	205,355,000	221,552,000	225,456,000	220,303,000	180,929,000	198,784,000	145,172,000	166,750,000	154,338,000	173,761,000	181,112,000	174,286,000	175,901,000	184,650,000	188,625,000	187,530,000	189,644,000	186,083,000	172,694,000	174,168,000	164,152,000	160,843,000	166,030,000	23,090,695	166,660,000	245,276,000	241,657,000	235,191,000	236,696,000	271,548,000
long-term assets:
long-term contract assets	7,890,000	7,890,000	7,890,000	7,450,000	8,146,000		8,146,000	8,587,000	8,587,000	8,587,000	8,587,000	9,283,000	9,283,000	9,283,000	9,980,000	9,980,000	10,452,000	11,149,000	11,149,000			11,845,000			12,539,000
severance pay funds	6,693,000	6,544,000	6,544,000	5,847,000	5,966,000		5,966,000	5,764,000	5,607,000	5,607,000	5,673,000	5,737,000	5,737,000	5,407,000	5,551,000	5,551,000	5,836,000	5,947,000	5,947,000	5,884,000	5,937,000	5,937,000	6,485,000	6,795,000	6,795,000	6,524,000	6,616,000	6,616,000	6,414,000	6,665,000	6,665,000	6,227,000	6,425,000	6,425,000	6,588,000		6,831,000		6,831,000	6,871,000	6,770,000	6,770,000	6,607,000	6,780,000	6,780,000	7,173,000	7,264,000	7,746,000	8,188,000	8,188,000	8,074,000	8,346,000	8,228,000	7,791,000	7,925,000	7,827,000	7,904,000	7,545,000	7,690,000	8,372,000	7,900,000	8,085,000	8,609,000	9,454,000	9,646,000		9,805,000
deferred taxes	18,222,000	16,129,000	16,129,000	9,912,000	11,896,000		11,896,000	9,948,000	9,760,000	9,760,000	10,893,000	11,484,000	11,484,000	14,500,000	16,445,000	16,445,000	17,139,000	18,265,000	18,265,000	15,816,000	15,885,000	15,885,000	17,245,000	17,551,000	17,551,000	19,343,000	16,621,000	19,110,000	18,778,000	19,295,000	19,295,000	18,329,000	18,291,000		17,794,000		18,455,000		18,455,000
operating lease right-of-use assets	5,593,000	5,980,000	5,980,000	6,400,000	6,556,000		6,556,000	4,427,000	4,910,000	4,910,000	4,911,000	5,105,000	5,105,000	3,609,000	3,198,000	3,198,000	3,623,000	3,891,000	3,891,000	3,857,000	3,845,000	3,845,000	3,652,000	4,478,000	4,478,000	4,129,000	4,338,000	4,338,000	4,478,000	4,879,000		5,665,000	6,353,000	6,353,000	6,726,000	33,062,000				4,595,000	4,721,000	4,721,000	4,983,000
other long-term assets	18,633,000	18,043,000	18,043,000	8,539,000	5,288,000		5,288,000	8,177,000	8,120,000	8,120,000	9,772,000	9,544,000	9,544,000	8,920,000	9,086,000	9,086,000	11,607,000	10,737,000	10,737,000			11,225,000			10,456,000			8,691,000
total long-term assets	57,046,000	54,600,000	54,600,000	38,161,000	37,864,000		37,864,000	36,916,000	37,038,000	37,038,000	39,888,000	41,207,000	41,207,000	41,733,000	44,274,000	44,274,000	48,669,000	50,002,000	50,002,000	47,372,000	48,749,000	48,749,000	50,460,000	39,292,000	51,831,000	36,482,000	38,768,000	38,768,000	38,021,000	38,678,000	38,678,000	38,057,000	40,885,000	40,885,000	41,728,000		40,777,000		40,777,000			23,818,000			18,329,000
property and equipment	72,849,000	70,480,000	70,480,000	69,878,000	70,834,000		70,834,000	70,607,000	71,168,000	71,168,000	72,624,000	74,315,000	74,315,000	73,697,000	73,895,000	73,895,000	75,256,000	76,578,000	76,578,000	73,312,000	72,410,000	72,410,000	71,975,000	72,391,000	72,391,000	75,631,000	76,584,000	76,584,000	76,612,000	77,172,000	77,172,000	77,618,000	78,781,000	78,781,000	80,918,000		82,584,000		82,584,000	82,976,000	82,466,000	82,466,000	83,210,000	84,403,000	84,403,000	82,999,000	82,498,000	82,523,000	82,246,000	82,246,000	79,307,000	80,048,000	80,408,000	80,837,000	80,748,000	81,436,000	81,220,000	81,963,000	85,972,000	88,263,000	89,046,000	90,893,000	93,061,000	93,311,000	83,779,000	85,369,000	91,233,000	92,139,000	93,311,000	94,727,000	96,075,000	97,683,000	99,536,000	100,926,000	100,247,000	100,973,000	102,056,000	4,435,608	103,490,000	100,600,000	99,201,000	99,018,000	100,532,000	106,285,000
intangible assets	58,160,000	61,689,000	61,689,000	64,928,000	12,925,000		12,925,000	13,463,000	14,238,000	14,238,000	15,354,000	16,051,000	16,051,000	165,000	209,000	209,000	254,000	309,000	309,000	364,000	419,000	419,000	530,000	640,000	640,000	750,000	861,000	861,000	971,000	1,082,000	1,082,000	1,192,000	1,302,000	1,302,000	1,413,000		1,523,000		1,523,000	1,640,000	1,757,000	1,757,000	2,095,000	2,434,000	2,434,000	2,772,000	3,110,000	4,409,000	5,709,000	5,709,000	7,084,000	8,497,000	9,940,000	11,383,000	12,825,000	14,268,000	15,711,000	17,154,000	18,597,000	20,040,000	21,505,000	22,970,000	24,435,000	25,900,000	27,365,000	28,830,000	30,787,000	32,772,000	34,343,000	35,991,000	46,010,000				52,105,000
goodwill	167,706,000	167,706,000	167,706,000	169,444,000	52,494,000		52,494,000	54,740,000	54,740,000	54,740,000	54,740,000	54,740,000	54,740,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	328,476,000	43,468,000		43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	43,468,000	63,870,000	63,870,000	63,870,000	63,870,000	63,870,000	63,870,000	63,870,000	65,760,000	65,760,000	65,760,000	65,760,000	89,691,000	89,691,000	89,691,000	89,691,000	107,536,000	107,536,000	106,082,000		106,082,000	20,162,000
total assets	675,750,000	575,878,000	575,878,000	583,048,000	429,748,000		429,748,000	433,184,000	416,929,000	416,929,000	426,068,000	426,886,000	426,886,000	384,910,000	371,555,000	371,555,000	384,515,000	385,411,000	385,411,000	378,475,000	375,995,000	375,995,000	372,193,000	352,991,000	367,735,000	351,669,000	350,623,000	350,623,000	360,670,000	393,806,000	393,806,000	350,212,000	358,306,000	358,306,000	374,031,000	949,942,000	391,836,000	1,535,517,000	391,836,000	358,774,000	365,533,000	365,533,000	395,251,000	394,747,000	394,747,000	391,340,000	371,810,000	371,296,000	386,820,000	386,820,000	383,994,000	383,134,000	377,410,000	383,198,000	350,747,000	368,980,000	374,170,000	370,833,000	343,914,000	389,013,000	338,134,000	364,908,000	352,085,000	371,867,000	366,285,000	368,768,000	395,002,000	406,335,000	412,589,000	414,643,000	451,172,000	451,658,000	440,441,000	446,678,000	457,248,000	455,595,000	458,724,000	27,882,824	455,378,000	398,240,000	358,437,000	354,953,000	357,228,000	429,116,000
liabilities and shareholders' equity
current liabilities:
current maturities of long-term loan	3,750,000	3,375,000	3,375,000	3,000,000
trade payables	13,534,000	18,541,000	18,541,000	20,364,000	17,107,000		17,107,000	19,134,000	17,585,000	17,585,000	13,169,000	13,873,000	13,873,000	13,884,000	14,662,000	14,662,000	22,726,000	20,668,000	20,668,000	24,880,000	24,010,000	24,010,000	21,482,000	19,776,000	19,776,000	17,767,000	19,705,000	19,705,000	21,428,000	20,487,000	20,487,000	17,302,000	20,129,000	20,129,000	23,019,000		20,725,000		20,725,000	20,070,000	28,569,000	28,569,000	23,726,000	24,636,000	24,636,000	21,343,000	22,013,000	25,632,000	33,715,000	33,715,000	28,611,000	30,197,000	29,317,000	29,625,000	21,044,000	20,386,000	21,176,000	17,210,000	14,661,000	17,310,000	22,321,000	22,850,000	16,137,000	20,991,000	18,881,000	20,900,000	28,233,000	26,758,000	24,049,000	23,240,000	26,249,000	30,831,000	23,305,000	25,477,000	21,566,000	18,082,000	19,150,000		18,267,000	14,295,000	16,918,000	15,816,000	16,838,000	27,518,000
accrued expenses	52,648,000	46,295,000	46,295,000	48,245,000	45,368,000		45,368,000	53,477,000	48,621,000	48,621,000	50,489,000	51,906,000	51,906,000	45,534,000	43,091,000	43,091,000	46,171,000	50,356,000	50,356,000	46,207,000	47,654,000	47,654,000	49,799,000	49,202,000	49,202,000	47,722,000	48,359,000	48,359,000	47,465,000	46,387,000	46,387,000	54,075,000	48,194,000	48,194,000	52,726,000		54,676,000		54,676,000	57,906,000	59,012,000	59,012,000	64,369,000	67,533,000	67,533,000	64,418,000	67,606,000	67,847,000	70,534,000	70,534,000	68,082,000	64,648,000	61,025,000	53,429,000	49,680,000	38,080,000	31,022,000	23,481,000	20,284,000	20,092,000	19,816,000	22,475,000	19,302,000	21,037,000	18,410,000	16,748,000	19,775,000	21,698,000	23,739,000	24,353,000	22,988,000	19,470,000	21,704,000	25,609,000	24,746,000	24,289,000	24,902,000	2,645,490	24,591,000	20,743,000	19,742,000	21,266,000	20,067,000	19,682,000
advances from customers and deferred revenues	81,407,000	57,464,000	57,464,000	71,701,000	18,587,000		18,587,000	22,672,000	25,188,000	25,188,000	31,967,000	34,495,000	34,495,000	33,108,000	33,240,000	33,240,000	26,774,000	30,531,000	30,531,000	31,192,000	31,932,000	31,932,000	27,265,000	25,472,000	24,373,000	29,550,000	23,881,000		35,404,000	26,244,000	26,244,000	25,908,000	23,124,000	23,124,000	25,878,000		27,220,000		27,220,000	20,056,000	20,403,000	20,403,000	26,335,000	29,133,000	29,133,000	31,720,000	15,210,000	14,066,000	16,721,000	16,721,000	25,768,000	29,294,000	32,147,000
operating lease liabilities	2,782,000	2,919,000	2,919,000	2,865,000	2,557,000		2,557,000	2,431,000	2,622,000	2,622,000	2,643,000	2,426,000	2,426,000	2,128,000	1,870,000	1,870,000	1,954,000	1,941,000	1,941,000	1,813,000	1,747,000	1,747,000	1,728,000	1,818,000	1,818,000	1,804,000	1,800,000	1,800,000	1,678,000	1,911,000		1,940,000	2,145,000	2,145,000	2,130,000					1,628,000		1,659,000
other current liabilities	31,519,000	18,621,000	18,621,000	24,617,000	17,817,000		17,817,000	18,085,000	18,079,000	18,079,000	18,915,000	16,431,000	16,431,000	15,745,000	14,353,000	14,353,000	28,028,000	22,291,000	22,291,000	15,430,000	15,458,000	15,458,000	15,201,000	13,339,000	13,339,000	13,342,000	14,319,000	14,319,000	16,161,000	13,322,000	13,322,000	10,406,000	10,552,000	10,552,000	13,701,000		12,261,000		12,261,000	12,104,000	13,650,000	13,650,000	15,606,000	14,588,000	14,588,000	19,947,000	22,955,000	19,575,000	20,044,000	20,044,000	16,587,000	16,228,000	14,368,000	21,754,000	19,074,000	17,768,000	17,631,000	16,213,000	17,349,000	19,532,000	25,410,000	21,527,000	35,901,000	45,146,000	48,459,000	54,666,000	41,893,000	41,408,000	37,024,000	40,336,000	33,756,000	32,592,000	37,920,000	36,764,000	34,021,000	40,119,000	43,031,000		39,675,000	31,692,000	28,576,000	26,822,000	28,154,000	46,183,000
total current liabilities	185,640,000	147,215,000	147,215,000	170,792,000	101,436,000		101,436,000	118,526,000	112,224,000	112,224,000	121,892,000	126,584,000	126,584,000	110,399,000	107,216,000	107,216,000	125,653,000	125,787,000	125,787,000	119,522,000	120,801,000	120,801,000	115,475,000	109,607,000	108,508,000	110,185,000	108,064,000	108,064,000	122,136,000	147,354,000	147,354,000	113,631,000	108,144,000	108,144,000	121,454,000	163,170,000	120,955,000		120,955,000	115,967,000	127,618,000	127,618,000	161,058,000	140,348,000	140,348,000	141,893,000	132,250,000	131,736,000	146,909,000	146,909,000	148,879,000	149,051,000	144,684,000	146,674,000	117,423,000	134,193,000	154,233,000	159,774,000	127,134,000	139,106,000	83,784,000	100,162,000	89,493,000	102,952,000	96,299,000	96,979,000	97,948,000	101,407,000	97,010,000	103,857,000	113,940,000	115,975,000	111,778,000	111,464,000	90,911,000	89,800,000	94,535,000	11,872,425	87,852,000	76,080,000	77,079,000	69,961,000	72,416,000	119,763,000
long-term liabilities:
long-term loans	55,525,000	56,497,000		57,469,000																																																																34,728,000	35,646,000	40,747,000	41,668,000	42,541,000	36,268,000	40,353,000	40,759,000	41,204,000	41,246,000		45,202,000	6,112,000	8,795,000	9,343,000	9,830,000	18,991,000
accrued severance pay	7,249,000	7,179,000	7,179,000	6,536,000	6,677,000		6,677,000	6,547,000	6,467,000	6,467,000	6,418,000	6,537,000	6,537,000	6,195,000	6,381,000	6,381,000	6,765,000	6,580,000	6,580,000	6,473,000	6,548,000	6,548,000	6,919,000	7,292,000	7,292,000	6,819,000	6,959,000	6,959,000	6,875,000	7,136,000	7,136,000	6,493,000	6,681,000	6,681,000	6,860,000		7,061,000		7,061,000	7,085,000	7,020,000	7,020,000	6,761,000	6,649,000	6,649,000	7,029,000	7,122,000	7,645,000	7,999,000	7,999,000	7,896,000	8,146,000	7,860,000	7,485,000	7,684,000	7,691,000	7,742,000	7,506,000	7,489,000	8,175,000	7,872,000	8,157,000	8,423,000	9,123,000	9,296,000	9,628,000	9,614,000	9,436,000	9,495,000	9,513,000	9,193,000	9,270,000	9,521,000	9,445,000	9,891,000	10,774,000	10,822,000		10,579,000	10,135,000	9,775,000	10,274,000	10,011,000	14,048,000
long-term advances from customers and deferred revenues	140,000	25,000	25,000	254,000	580,000		580,000	759,000	912,000	912,000	906,000	1,139,000	1,139,000	1,123,000	1,480,000	1,480,000	337,000	1,041,000	1,041,000
other long-term liabilities	33,620,000	45,971,000	45,971,000	44,875,000	10,606,000		10,606,000	11,753,000	10,141,000	10,141,000	11,516,000	12,916,000	12,916,000	279,000	181,000	181,000	179,000	5,988,000	5,988,000	127,000	132,000	132,000	141,000	120,000	120,000	120,000	118,000	118,000	396,000	631,000	631,000	1,069,000	1,218,000	1,218,000	107,000		108,000		108,000	109,000	646,000		580,000	580,000		653,000	962,000	1,008,000	1,008,000	1,008,000	19,000	494,000	1,768,000	2,281,000	2,840,000	3,207,000	3,744,000	3,978,000	4,380,000	4,880,000	4,937,000	5,179,000	5,031,000	8,936,000	9,397,000	4,877,000	23,334,000	24,676,000	30,270,000	18,569,000	22,010,000	24,176,000	24,445,000	25,341,000	30,137,000	32,737,000	31,786,000		32,678,000	20,936,000	15,387,000	15,824,000	16,280,000	11,128,000
total long-term liabilities	99,509,000	112,901,000	112,901,000	112,742,000	23,877,000		23,877,000	23,183,000	21,950,000	21,950,000	23,356,000	25,614,000	25,614,000	9,000,000	9,303,000	9,303,000	8,901,000	15,499,000	15,499,000	10,383,000	9,458,000	9,458,000	9,771,000	11,290,000	10,904,000	12,286,000	13,845,000	13,845,000	10,425,000	12,642,000	12,642,000	11,316,000	13,232,000	13,232,000	12,832,000		17,293,000		17,293,000	14,169,000	14,759,000	14,759,000	14,618,000	15,327,000	15,327,000	15,898,000	16,417,000	17,128,000	21,589,000	21,589,000	20,605,000	21,422,000	22,468,000	26,698,000	27,636,000	28,146,000	28,904,000	32,977,000	33,549,000	34,871,000	34,684,000	39,607,000	39,961,000	44,947,000	45,781,000	45,756,000	64,324,000	68,840,000	75,411,000	68,829,000	72,871,000	75,987,000	70,234,000	75,139,000	95,449,000	99,377,000	98,803,000		103,413,000	52,853,000	49,627,000	51,836,000	52,517,000	71,636,000
shareholders' equity:
share capital - ordinary shares of nis 0.2 par value	3,199,000	2,743,000		2,736,000	2,733,000			2,733,000	2,733,000		2,733,000	2,733,000		2,712,000	2,711,000		2,711,000	2,711,000		2,711,000	2,711,000		2,709,000	2,706,000		2,706,000	2,705,000		2,704,000	2,647,000		2,644,000	2,644,000		2,643,000		2,643,000			2,642,000	2,640,000		2,629,000	2,625,000		2,619,000	2,610,000	2,604,000	2,601,000		2,599,000	2,598,000	2,596,000	2,593,000	2,592,000	2,587,000	2,578,000	2,048,000	2,046,000	2,019,000	1,982,000	1,966,000	1,959,000	1,957,000	1,939,000	1,932,000	1,929,000	1,926,000	1,917,000	1,909,000	1,900,000	1,894,000	1,888,000	1,882,000	1,875,000	1,869,000	1,861,000		1,855,000	1,849,000	1,842,000	1,837,000	1,832,000	1,814,000
additional paid-in capital	1,014,112,000	947,500,000	947,500,000	944,657,000	943,294,000		943,294,000	941,904,000	940,520,000	940,520,000	939,062,000	937,591,000	937,591,000	933,921,000	933,200,000	933,200,000	932,688,000	932,086,000	932,086,000	931,500,000	930,927,000	930,927,000	930,361,000	929,871,000	929,871,000	929,359,000	928,874,000	928,874,000	928,410,000	928,627,000	928,626,000	928,337,000	928,054,000	928,054,000	927,771,000	563,834,000	927,348,000		927,348,000	926,944,000	926,509,000	926,509,000	926,061,000	924,856,000	924,856,000	924,072,000	922,778,000	922,244,000	921,726,000	921,726,000	921,405,000	921,123,000	920,687,000	920,162,000	919,893,000	919,530,000	899,376,000	884,126,000	883,803,000	881,439,000	877,932,000	876,624,000	875,611,000	874,986,000			872,244,000											51,746,843
accumulated other comprehensive loss	-3,170,000	-2,843,000	-2,843,000	-6,411,000	-6,120,000		-6,120,000	-5,926,000	-6,443,000	-6,443,000	-5,618,000	-5,315,000	-5,315,000	-7,354,000	-6,955,000	-6,955,000	-7,193,000	-6,847,000	-6,847,000	-7,836,000	-7,977,000	-7,977,000	-5,692,000	-6,357,000	-6,357,000	-6,364,000	-6,194,000	-6,194,000	-6,463,000	-6,017,000	-6,017,000	-6,830,000	-6,433,000	-6,433,000	-7,559,000		-5,048,000		-5,048,000	-5,572,000	-4,329,000	-4,329,000	-4,047,000	-5,380,000	-5,380,000	-4,818,000	-5,269,000	-3,289,000	-3,046,000	-3,046,000	-3,132,000	-2,648,000	-2,481,000	-3,224,000	-2,557,000	-3,435,000	-2,530,000	-3,727,000	-3,502,000	-1,703,000	-2,611,000
accumulated deficit	-623,540,000	-631,638,000	-631,638,000	-641,468,000	-635,472,000		-635,472,000	-647,236,000	-654,055,000	-654,055,000	-655,357,000	-660,321,000	-660,321,000	-663,768,000	-673,920,000	-673,920,000	-678,245,000	-683,825,000	-683,825,000	-677,805,000	-679,925,000	-679,925,000	-680,431,000	-694,126,000	-677,897,000	-696,503,000	-696,671,000	-696,671,000	-696,542,000	-691,447,000	-691,446,000	-698,886,000	-687,335,000	-687,335,000	-683,110,000		-671,355,000		-671,355,000	-695,376,000	-701,664,000	-701,664,000	-705,068,000	-683,029,000	-683,029,000	-688,324,000	-696,976,000	-699,127,000	-702,959,000	-702,959,000	-706,362,000	-708,412,000	-710,544,000	-709,705,000	-714,240,000	-712,041,000	-708,391,000	-704,365,000	-699,116,000	-666,719,000	-657,637,000	-652,031,000	-654,468,000	-654,645,000	-653,222,000	-650,535,000	-643,014,000	-638,970,000	-634,994,000	-632,638,000	-608,336,000	-611,657,000	-612,507,000	-609,446,000	-597,916,000	-602,217,000	-603,156,000	-38,436,443	-603,596,000	-598,698,000	-634,906,000	-633,573,000	-634,215,000	-629,089,000
total shareholders' equity	390,601,000	315,762,000	315,762,000	299,514,000	304,435,000		304,435,000	291,475,000	282,755,000	282,755,000	280,820,000	274,688,000	274,688,000	265,511,000	255,036,000	255,036,000	249,961,000	244,125,000	244,125,000	248,570,000	245,736,000	245,736,000	246,947,000	232,094,000			228,714,000		228,109,000	233,810,000		225,265,000	236,930,000		239,745,000		253,588,000		253,588,000	228,638,000	223,156,000	223,156,000	219,575,000	239,072,000	239,072,000																																						232,295,000
total liabilities and shareholders' equity	675,750,000	575,878,000	575,878,000	583,048,000	429,748,000		429,748,000	433,184,000	416,929,000	416,929,000	426,068,000	426,886,000	426,886,000	384,910,000	371,555,000	371,555,000	384,515,000	385,411,000	385,411,000	378,475,000	375,995,000	375,995,000	372,193,000	352,991,000			350,623,000		360,670,000	393,806,000		350,212,000	358,306,000		374,031,000		391,836,000		391,836,000	358,774,000	365,533,000	365,533,000	395,251,000	394,747,000	394,747,000																																						357,228,000
trade receivables,			53,162,000							62,217,000						41,577,000						51,303,000						33,009,000
long-term loan			56,497,000		2,000,000		2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000	2,000,000
commitments and contingencies
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2025 and december 31, 2024; issued and outstanding: 57,196,198 and 57,017,032 shares as of june 30, 2025 and december 31, 2024, respectively			2,743,000
short-term debt								2,727,000	129,000	129,000	4,709,000
i.
ii.						31,187,000
note 15:-
trade receivables and contract assets
prepaid expenses and other current assets																																				21,052,000																																										343,582
identified intangible assets
total assets acquired
accounts payable																																				27,250,000																																										4,309,221
operating lease liabilities, current																																				9,259,000
operating lease liabilities, non-current																																				26,431,000
total liabilities assumed
total purchase price consideration
backlog
customer contracts
technology
revenues
net income																																						35,006,000
b.
iii.
iv.
v.						4,787,000
vi.						11,163,000
a.
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of december 31, 2024 and 2023; issued and outstanding: 57,017,032 and 57,016,086 shares as of december 31, 2024 and 2023, respectively							2,733,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2024 and december 31, 2023; issued and outstanding: 57,017,032 and 57,016,086 shares as of june 30, 2024 and december 31, 2023, respectively										2,733,000
short-term loan												7,453,000
credit facility													7,453,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of december 31, 2023 and 2022; issued and outstanding: 57,016,086 and 56,610,404 shares as of december 31, 2023 and 2022, respectively													2,733,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2023 and december 31, 2022; issued and outstanding: 56,621,668 and 56,610,404 shares as of june 30, 2023 and december 31, 2022, respectively																2,711,000
short-term deposits																							2,159,000	2,159,000	2,159,000		2,159,000	2,159,000
held for sale asset																				3,997,000	4,276,000	4,276,000	4,377,000	4,587,000	4,587,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of december 31, 2022 and 2021; issued and outstanding: 56,610,404 and 56,539,237 shares as of december 31, 2022 and 2021, respectively																			2,711,000
long- term contract assets																				11,149,000	11,845,000		11,989,000
other long term assets																				10,654,000	11,225,000
long-term advances from customers																				1,838,000	722,000	722,000	730,000	1,595,000	1,209,000	3,022,000	4,184,000	4,184,000	307,000	1,890,000	1,890,000		1,180,000	1,180,000	1,330,000		2,866,000		2,866,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2022 and december 31, 2021; issued and outstanding: 56,608,016 and 56,539,237 shares as of june 30, 2022 and december 31, 2021, respectively																						2,711,000
other long term receivables																							11,076,000	10,456,000		6,474,000	8,691,000		8,339,000	7,797,000	7,797,000	7,796,000	9,699,000		10,504,000		10,156,000		10,156,000	13,519,000	9,371,000		8,264,000	7,276,000		5,537,000	1,447,000	1,643,000	974,000		400,000	394,000	402,000	223,000	224,000	224,000					10,450,000				217,000
current maturities of long-term loans																														4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000		4,096,000		4,096,000	4,203,000	4,325,000	4,325,000	4,433,000	4,458,000	4,458,000	4,465,000	4,466,000	4,616,000	4,479,000	4,479,000	4,482,000	4,496,000	4,493,000	4,617,000	4,562,000	4,558,000	4,568,000	4,542,000	4,557,000	4,552,000	4,528,000	4,595,000	4,614,000	4,664,000	4,669,000	4,665,000	4,621,000	7,959,000	7,945,000															5,379,000
dividend payable																														35,003,000	35,003,000												24,862,000
liabilities and shareholders’ equity
current maturity of long-term loan
shareholders’ equity:
share capital -
ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of december 31, 2021 and 2020; issued and outstanding: 56,539,237 and 55,559,638 shares as of december 31, 2021 and 2020, respectively																									2,706,000
total shareholders’ equity																									248,323,000	229,198,000		228,714,000			233,810,000			236,930,000																218,322,000																																		237,717,000
total liabilities and shareholders’ equity																									367,735,000	351,669,000		350,623,000			393,806,000			358,306,000																386,820,000																																		429,116,000
tax assets																											2,489,000
advances from customers and deferred revenue																												23,881,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2021 and december 31, 2020; issued and outstanding: 56,510,951 and 55,559,638 shares as of june 30, 2021 and december 31, 2020, respectively																												2,705,000
long-term restricted cash																													12,000	42,000		40,000	117,000		116,000		124,000			145,000	147,000		149,000	146,000		140,000	153,000							213,000	202,000	205,000	188,000	179,000	177,000	201,000	191,000	216,000	228,000	304,000	296,000	6,279,000	1,184,000	1,184,000	1,457,000	1,151,000	1,152,000	1,624,000	1,955,000	2,025,000	2,077,000	2,110,000	4,499,000		4,583,000	4,568,000	4,392,000	5,140,000	4,896,000	5,434,000
long-term loans, net of current maturities																																					4,000,000		4,000,000	4,000,000	4,000,000		4,000,000	8,098,000		8,216,000	8,333,000	8,475,000	12,582,000	12,582,000	12,690,000	12,782,000	12,840,000	16,932,000	17,112,000	17,248,000	17,418,000	21,493,000	21,680,000	21,816,000	21,875,000	26,271,000	26,507,000	26,888,000	27,088,000	31,251,000	31,376,000
operating lease right-of-use asset																															4,879,000						5,211,000		5,211,000
operating lease liablity																															1,911,000
operating lease liability																															2,985,000						1,977,000		1,977,000
ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares at december 31, 2020 and 2019; issued and outstanding: 55,559,638 and 55,493,258 shares at december 31, 2020 and 2019, respectively																															2,647,000
gilat satellite networks ltd.
consolidated balance sheets
u.s. dollars in thousands
deferred tax asset																																		18,291,000								2,809,000			4,127,000
other receivables																																		9,699,000								9,371,000			7,276,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2020 and december 31, 2019; issued and outstanding: 55,518,972 and 55,493,258 shares as of june 30, 2020 and december 31, 2019, respectively																																		2,644,000
accounts receivable																																				147,983,000																																										3,241,858
property, plant and equipment																																				27,390,000
intangibles with finite lives																																				264,255,000
deferred financing costs																																				2,759,000
deferred tax assets, non-current
other assets																																				4,430,000
liabilities and stockholders’ equity
accrued expenses and other current liabilities																																				84,511,000
finance lease and other obligations, current																																				464,000
dividends payable																																				2,432,000
contract liabilities																																				38,929,000
current portion of long-term debt																																																																														3,972,801
interest payable																																				325,000
non-current portion of long-term debt																																				158,000,000
income taxes payable																																				2,874,000
deferred tax liability																																				18,758,000
long-term contract liabilities																																				12,458,000
other liabilities																																				17,048,000						646,000			580,000
total liabilities																																				398,739,000																																										14,443,263
stockholders’ equity:
preferred stock
common stock																																				3,975,000
retained earnings																																				425,243,000
																																				993,052,000
less:
treasury stock																																				-441,849,000
total stockholders’ equity																																				551,203,000																																										13,439,561
total liabilities and stockholders’ equity																																				949,942,000																																										27,882,824
restricted cash held by trustees																																								75,000	2,353,000	2,353,000	2,649,000	4,372,000	4,372,000	4,790,000	6,334,000	251,000	4,325,000	4,325,000	6,503,000	6,110,000	4,081,000	9,058,000	6,970,000	6,617,000	5,279,000	8,524,000	1,204,000	6,162,000	3,680,000	15,441,000	394,000	877,000	4,385,000	3,221,000	4,544,000	2,827,000	12,000	1,664,000	7,752,000	10,133,000	10,962,000	1,549,000	2,613,000				1,004,000	4,162,000	6,669,000	857,000	2,137,000	7,599,000
condensed combined statement of operations data:
net sales																																						472,990,000
net income per share
basic																																						1,190
diluted																																						1,180
condensed combined balance sheet data:
working capital																																						152,008,000
debt, including finance leases and other obligations																																						512,394,000
other liabilities, non-current																																						17,156,000
stockholders’ equity																																						628,247,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares at december 31, 2019 and 2018; issued and outstanding: 55,493,258 and 55,176,107 shares at december 31, 2019 and 2018, respectively																																							2,643,000
long-term investments and receivables:
long term deferred tax assets																																								2,491,000	2,809,000		3,445,000
total long-term investments and receivables																																								27,621,000	23,818,000		23,448,000	18,329,000						9,446,000		8,740,000	8,630,000	8,227,000	8,351,000	8,256,000	8,315,000	7,945,000	14,948,000	18,056,000	18,541,000	20,425,000	16,381,000	15,025,000	10,159,000	16,413,000	31,321,000	31,014,000	30,550,000	30,635,000	29,752,000	30,168,000	30,574,000	31,966,000	33,208,000	32,100,000	29,121,000		21,693,000	17,748,000	14,928,000	17,884,000	17,012,000	47,141,000
operating lease right-of-use liabilities																																									1,659,000		1,727,000
loans, net of current maturities																																										4,000,000			8,098,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares as of june 30, 2019 and december 31, 2018; issued and outstanding: 55,441,303 and 55,176,107 shares as of june 30, 2019 and december 31, 2018, respectively																																										2,640,000
long term deferred tax asset																																												4,127,000
consolidated balance sheet
advances from customers, held by trustees																																																	1,416,000		5,349,000	4,188,000	3,334,000	7,498,000			4,578,000	8,515,000
advances from customers held by trustees																																																		1,416,000					6,871,000	6,852,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares at december 31, 2018 and 2017; issued and outstanding: 55,176,107 and 54,737,267 shares at december 31, 2018 and 2017, respectively																																													2,625,000
long-term investments:
total long-term investments																																														12,850,000	8,864,000	9,389,000	9,162,000		8,474,000
liabilities and equity
equity:
total equity																																														233,549,000	223,143,000	222,432,000	218,322,000		214,510,000	212,661,000	210,258,000	209,826,000	205,688,000	206,641,000	191,033,000	178,082,000	183,231,000	215,036,000	219,666,000	225,139,000	222,631,000	223,968,000	224,205,000	226,033,000	232,730,000	236,088,000	240,168,000	241,957,000	264,361,000	259,696,000	258,429,000	260,075,000	270,888,000	266,418,000	265,386,000		264,113,000	269,307,000	231,731,000	233,156,000
total liabilities and equity																																														391,340,000	371,810,000	371,296,000	386,820,000		383,994,000	383,134,000	377,410,000	383,198,000	350,747,000	368,980,000	374,170,000	370,833,000	343,914,000	389,013,000	338,134,000	364,908,000	352,085,000	371,867,000	366,285,000	368,768,000	395,002,000	406,335,000	412,589,000	414,643,000	451,172,000	451,658,000	440,441,000	446,678,000	457,248,000	455,595,000	458,724,000		455,378,000	398,240,000	358,437,000	354,953,000
other long-term receivables																																																		1,258,000
share capital - ordinary shares of nis 0.2 par value: authorized: 90,000,000 shares at december 31, 2017 and 2016; issued and outstanding: 54,737,267 and 54,592,667 shares at december 31, 2017 and 2016, respectively																																																		2,601,000
short-term bank credit and loans																																																									4,250,000	7,000,000	9,124,000	9,220,000	4,720,000	15,857,000	13,517,000
advances from customers																																																						29,751,000	16,192,000	46,549,000	71,008,000	82,813,000	58,545,000	60,268,000
other long term receivables and deferred charges																																																									223,000	221,000	7,081,000	9,483,000		12,124,000	7,544,000	5,267,000
condensed consolidated balance sheet
us dollars in thousands
short-term advances from customers, held by trustees																																																											2,614,000	8,132,000	6,989,000	12,858,000	22,000	3,596,000	4,228,000
accumulated other comprehensive income																																																														-1,420,000	-471,000	1,670,000	1,544,000	1,591,000	1,571,000	1,592,000	2,316,000	2,864,000	1,869,000	1,285,000	1,451,000	539,000	304,000	621,000	1,081,000		774,000	1,509,000	723,000	1,222,000	1,341,000	3,558,000
short-term bank credit																																																																7,518,000	1,652,000		3,426,000	3,060,000	4,034,000	3,517,000	4,161,000	4,172,000	2,555,000	2,971,000	2,771,000	1,854,000	1,187,000		2,129,000	236,000				5,500,000
additional paid in capital																																																																	873,944,000	873,045,000		871,540,000	870,929,000	869,822,000	868,928,000	868,174,000	867,597,000	867,100,000	866,625,000	866,145,000	865,600,000		865,080,000	864,647,000	864,072,000	863,670,000	863,337,000	861,434,000
current assets of discontinued operations
severance pay fund																																																																		9,856,000		9,562,000	9,671,000	9,703,000	9,233,000	9,236,000	9,897,000	9,722,000	10,147,000	10,960,000	10,878,000		10,572,000	10,126,000	9,435,000	10,061,000	9,912,000	13,944,000
long-term trade and other receivables																																																																		278,000
short-term advances from customer, held by trustees																																																																				524,000	219,000	4,448,000	4,487,000	6,553,000	7,206,000	1,551,000	2,613,000				1,004,000	4,162,000	6,669,000	857,000	2,137,000	15,501,000
liabilities of discontinued operations
long-term trade receivables, receivables in respect of capital
leases and other receivables																																																																			20,332,000	20,268,000	19,422,000	19,781,000	19,367,000	19,308,000	18,722,000	20,219,000	20,984,000	19,030,000	13,744,000		6,538,000	3,054,000	1,101,000
short-term restricted cash																																																																				2,316,000	4,369,000	3,794,000	2,453,000	1,886,000	4,743,000	7,034,000	4,215,000	4,489,000	8,143,000		3,839,000	1,378,000	1,377,000	1,855,000	1,782,000	8,404,000
current maturities of long-term loans and convertible notes																																																																						7,963,000	22,299,000	22,357,000	19,088,000	19,092,000	5,194,000	5,456,000	6,265,000		2,186,000	4,952,000	5,174,000	5,200,000	5,220,000
intangible assets and deferred charges																																																																								48,033,000	47,946,000	49,927,000		54,143,000	55,435,000		57,453,000	14,454,000	2,651,000	2,860,000	2,988,000	4,142,000
condensed consolidated balance sheets
accrued interest related to restructured debt																																																																											288,000	288,000	575,000		575,000	871,000	871,000	1,176,000	1,176,000	2,165,000
convertible subordinated notes																																																																											14,374,000	14,374,000	14,374,000		14,379,000	14,799,000	14,799,000	15,219,000	15,220,000	16,315,000
current assets
inventory																																																																														7,900,002
intangible and other assets																																																																														356,521
current portion of obligations under capital leases																																																																														944,913
deferred rent																																																																														47,993
long-term debt																																																																														782,464
obligations under capital leases, net of current portion																																																																														1,740,381
common stock, 0.001 par value...																																																																														4,491
series a preferred stock, 0.001 par value...																																																																														91,581
series b preferred stock, 0.001 par value...																																																																														33,089
unearned compensation
short-term bank deposits																																																																																22,660,000	22,593,000	54,530,000
available-for-sale marketable securities																																																																																4,958,000	4,674,000	4,852,000
long-term trade receivables, receivables in respect of capital leases and other receivables																																																																																		2,683,000	2,204,000	10,872,000
short-term bank deposits and held-to-maturity marketable securities																																																																																			31,729,000
short-term bank deposits and held to maturity marketable securities																																																																																				96,701,000
trade receivables, net of allowance																																																																																				58,101,000
long-term restricted cash held by trustees																																																																																				16,891,000
long-term advances from customer, held by trustees																																																																																				8,989,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2025-02-12	2024-09-30	2024-06-30	2024-03-31	2023-06-30	2023-02-14	2022-11-14	2022-08-09	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2019-02-12	2018-11-13	2018-09-30	2018-08-07	2018-06-30	2018-05-15	2018-03-31	2017-09-30	2017-06-30	2017-05-16	2017-03-31	2016-09-30	2016-06-30	2016-05-18	2016-03-31	2016-02-17	2015-12-31	2015-11-18	2015-09-30	2015-08-12	2015-06-30	2015-05-20	2015-03-31	2015-02-18	2014-11-18	2014-09-30	2014-08-13	2014-06-30	2014-05-21	2014-03-31	2014-02-18	2013-11-13	2013-09-30	2013-08-14	2013-06-30	2013-05-08	2013-03-31	2013-02-13	2012-11-14	2012-09-30	2012-09-24	2012-08-15	2012-06-30	2012-05-23	2012-03-31	2012-02-22	2011-11-15	2011-09-30	2011-09-27	2011-08-10	2011-06-30	2011-05-17	2011-02-22	2010-11-17	2010-10-04	2010-09-30	2010-08-10	2010-06-30	2010-05-12	2010-03-31	2010-02-22	2008-08-28	2008-06-30

cash flows from operating activities:
net income	11,932,000	9,830,000	-5,996,000	24,849,000	13,085	1,302,000	4,964,000	15,833,000	-5,928,000	92,000	-2,028,000		-2,534,000	-3,201,000			-5,096,000	-27,531,000	-4,225,000	-11,755,000	12,517,000	3,405,000	2,824,000	18,409,000	13,114,000	13,114,000	4,462,000	4,462,000	2,311,000	2,311,000	3,398,000	1,348,000							-52,334,000		-47,085,000	-47,085,000				-5,606			-3,933,000						-10,376,000		-6,332,000			-2,356,000		1,110,000	1,110,000	0	-2,211,000	850,000	-3,061,000		-5,850,000	5,680,000	5,680,000	0	1,379,000	1,379,000	440,000	30,619,000	35,518,000		35,518,000		-1,333,000	642,000	642	1,878,000	5,880,000	5,880
adjustments required to reconcile net income
to net cash from operating activities:
depreciation and amortization	16,302,000	6,037,000	3,905,000	13,554,000	10,542	3,908,000	3,425,000	-5,386,000	11,608,000	8,604,000	5,683,000	2,887,000	2,796,000	8,435,000	-2,090,000	2,316,000	2,330,000	7,757,000	2,667,000	2,604,000	8,247,000	2,859,000	2,822,000	13,149,000	10,205,000	10,205,000	7,322,000	7,322,000	3,650,000	3,650,000	9,884,000	6,304,000	3,165,000	3,165,000	9,831,000	6,525,000	3,301,000	3,301,000	15,072,000		11,459,000	11,459,000	7,699,000	7,699	3,658,000	3,658			11,626,000		7,428		3,684,000		16,033,000	0	11,208,000		5,560,000		22,582,000	16,591,000	16,591,000	0	10,698,000	5,660,000	5,038,000		24,121,000	18,051,000	18,051,000	0	12,369,000	12,369,000	6,572,000	14,794,000	9,939,000	-3,721,000	9,939,000	6,218,000	3,205,000	3,013,000	3,013	14,509,000	6,292,000	6,292
stock-based compensation expenses	3,724,000		1,681,000				2,191,000
accrued severance pay	-155,000	-54,000	-22,000	-89,000	-17	115,000	-55,000	60,000	136,000	92,000	114,000	177,000	-63,000	75,000	79,000	-118,000	-10,000	37,000	-17,000	43,000	345,000	97,000	285,000	57,000	45,000	45,000	47,000	47,000	88,000	88,000	129,000	106,000	-61,000	-61,000	-202,000	-97,000	-123,000	-123,000	-111,000		-274,000	-274,000	-270,000	-270	-101,000	-101			42,000		-103		-122,000		-1,000	0	64,000		14,000	9,495,000	88,000	238,000	238,000	0	311,000	410,000	-99,000		-285,000	-264,000	-264,000	0	-193,000	-193,000	-63,000	-135,000	-133,000	374,000	-133,000	241,000	127,000	114,000	114	-1,113,000	216,000	216
deferred taxes	-6,325,000	-6,217,000	1,984,000	1,834,000	1,536	1,273,000	451,000	2,447,000	-627,000	1,823,000	1,664,000	1,358,000	306,000	1,976,000	-417,000
decrease (increase) in trade receivables	-10,613,000		4,528,000		-7,019		-8,797,000										-1,933,000	20,852,000			141,000					22,209,000		29,469,000		35,509,000								-1,394,000						6,335		721							-2,040,000																					19,000					-6,295,000				-8,782	14,294,000
decrease (increase) in contract assets	10,453,000		-7,798,000		-2,987													-14,404,000			25,408,000		-430,000
decrease	12,070,000						3,507,000											7,919,000					-79,000							714,000																2,934																																						6,530,000		-4,218
increase in inventories	-3,358,000		-11,456,000				-3,193,000			-6,030,000			-2,344,000				-2,212,000		937,000	-6,635,000			-3,659,000						-1,445,000	-1,445,000			-3,312,000	-3,312,000			-2,685,000	-2,685,000			-4,911,000	-4,911,000							-1,226,000										-3,824,000							2,869,000	-3,264,000		-4,889,000						-1,169,000
increase in trade payables	-19,375,000			3,196,000	5,080	4,245,000	-666,000	-3,981,000	-259,000	4,315,000	4,205,000	2,533,000	1,672,000				950,000		-2,885,000	2,375,000							-11,634,000	-11,634,000			-1,082,000	537,000	-392,000	-392,000	3,847,000	3,192,000	4,089,000	4,089,000	-5,133,000				-5,301,000	-5,301					-4,704,000		-52		-2,050,000		5,015,000	0	3,537,000		797,000		-2,176,000	833,000	833,000	0	5,409,000	7,595,000	-2,186,000		7,066,000	3,154,000	3,154,000	0	-424,000	-424,000	870,000	-4,759,000	-3,700,000	3,792,000	-3,700,000	92,000					1,184,000	1,184
increase in accrued expenses	1,027,000			-5,906,000	2,675				549,000				752,000		-2,235,000	724,000	969,000	-193,000						-7,206,000	-5,108,000	-5,108,000	-1,980,000	-1,980,000	-2,007,000	-2,007,000	14,655,000	11,418,000	7,493,000	7,493,000	26,014,000	14,483,000	7,408,000	7,408,000	2,935,000		-509,000	-509,000	-1,760,000	-1,760	-2,173,000	-2,173			1,491,000		4,176		1,675,000		-4,578,000						-1,265,000	-2,631,000	-2,631,000				-3,906,000		11,000	-564,000	-564,000				312,000	2,256,000	-900,000		-900,000			1,201,000	1,201		-596,000	-596
increase in advances from customers and deferred revenues	8,625,000			-16,390,000	-12,162
increase in other liabilities	2,668,000	-928,000	3,454,000	-5,010,000	-1,745		139,000		13,957,000	365,000
net cash from operating activities	26,975,000	5,143,000	-6,612,000	31,669,000	15,387	-3,528,000	4,220,000	-2,597,000	10,814,000	-5,970,000	-10,681,000	-3,306,000	-7,375,000	13,914,000	-3,753,000	8,401,000	341,000	-17,261,000	-6,575,000	-3,583,000	14,747,000	-8,253,000	5,833,000	32,017,000	28,026,000	28,026,000	18,434,000	18,434,000	25,992,000	25,992,000	41,758,000	42,089,000	24,003,000	24,003,000		-145,000	-4,063,000	-4,063,000	-14,787,000		-14,927,000	-14,927,000	-9,154,000	-9,154	-5,671,000	-5,671			-23,587,000		-13,712		-5,931,000						-5,345,000							3,246,000	-8,290,000		8,597,000	-5,351,000	-5,351,000	0	-8,358,000	-8,358,000	-1,720,000	12,920,000	9,518,000	-1,238,000	9,518,000	8,280,000	17,938,000	-9,658,000	-9,658	-206,000	-22,162,000	-22,162
capital expenditures	-8,260,000	0	-1,490,000	-6,610,000	-4,095	-1,857,000	-793,000	6,237,000	-12,793,000	-9,225,000	-4,515,000	-2,314,000	-2,201,000	-7,481,000	2,120,000	-2,089,000	-1,483,000	-2,740,000	-928,000	-951,000	-5,649,000	-1,573,000	-2,014,000	-10,759,000	-7,905,000	-7,905,000	-5,014,000	-5,014,000	-2,861,000	-2,861,000	-3,409,000	-2,173,000	-1,212,000	0		-2,032,000	-1,104,000	-1,104,000	-3,930,000		-3,109,000	0	-1,839,000	0	-741,000	0			0		-10,319		0						0							-1,131,000	-1,035,000		-8,948,000	-6,104,000	0	0	-3,892,000	0	-1,876,000	-7,638,000	0	0	0	-3,725,000	-2,732,000	-993,000	0	-4,485,000	-4,325,000	-4,325
free cash flows	18,715,000	5,143,000	-8,102,000	25,059,000	11,292	-5,385,000	3,427,000	3,640,000	-1,979,000	-15,195,000	-15,196,000	-5,620,000	-9,576,000	6,433,000	-1,633,000	6,312,000	-1,142,000	-20,001,000	-7,503,000	-4,534,000	9,098,000	-9,826,000	3,819,000	21,258,000	20,121,000	20,121,000	13,420,000	13,420,000	23,131,000	23,131,000	38,349,000	39,916,000	22,791,000	24,003,000		-2,177,000	-5,167,000	-5,167,000	-18,717,000		-18,036,000	-14,927,000	-10,993,000	-9,154	-6,412,000	-5,671			-23,587,000		-24,031		-5,931,000						-5,345,000							2,115,000	-9,325,000		-351,000	-11,455,000	-5,351,000	0	-12,250,000	-8,358,000	-3,596,000	5,282,000	9,518,000	-1,238,000	9,518,000	4,555,000	15,206,000	-10,651,000	-9,658	-4,691,000	-26,487,000	-26,487
cash flows from investing activities:
purchase of property, equipment and intangible assets	-8,260,000
investment in other asset	-3,500,000	-1,000,000	-2,500,000
acquisitions of subsidiary, net of cash acquired	-104,943,000		-104,943,000
net cash from investing activities	-116,703,000	-3,766,000	-108,933,000	-6,610,000	-4,095	-1,857,000	-793,000	1,608,000	-8,164,000	-8,602,000	-2,356,000	-155,000	-2,201,000	-11,799,000	6,438,000	-4,248,000	-1,483,000	-2,740,000	-928,000	-951,000	-5,649,000	-1,573,000	-2,014,000	-10,759,000	-7,905,000	-7,905,000	-5,014,000	-5,014,000	-2,861,000	-2,861,000	-808,000	539,000	4,786,000			7,938,000	9,739,000	9,739,000	12,340,000	-7,239,000	19,579,000		13,778,000		22,246,000		-26,753,000	-19,833,000		-15,299,000	-15,299	-1,727,000														2,571,000	-7,844,000	-7,844,000	-7,965,000	-6,174,000		0	-1,361,000		-5,091,000	-108,208,000				-2,988,000	24,484,000	-27,472,000		59,189,000	-50,047,000	-50,047
cash flows from financing activities:
repayment of credit facility				-7,453,000	-7,453
repayment of short-term debts
proceeds from short-term debts				7,836,000	6,770
proceeds from long-term loan, net of associated costs	58,970,000	0	58,970,000
repayment of long-term loan	-1,500,000
proceeds from issuance of ordinary shares in a private placement	65,325,000
proceeds from exercise of stock options	166,000
net cash from financing activities	122,961,000	-750,000	58,970,000	-8,107,000	-4,726	-4,580,000	-2,744,000									0	-39,003,000	-4,096,000	0	-4,096,000	-28,842,000	-24,935,000	-3,785,000	-2,321,000	-2,718,000	-2,718,000	-3,676,000	-3,676,000	-3,694,000	-3,694,000	-3,959,000	-3,890,000	-3,975,000			23,857,000	8,639,000	8,639,000	-5,867,000	-2,334,000	-3,533,000		-6,340,000		-13,451,000		12,389,000	9,855,000		3,632,000	3,632	-2,220,000		-16,387,000							-9,974,000					11,449,000	-4,659,000	-4,659,000	-1,191,000	-779,000		0	-1,507,000		-1,210,000	29,845,000				-576,000		-82,000		-11,009,000	1,351,000	1,351
effect of exchange rate changes on cash, cash equivalents and restricted cash	1,414,000	524,000	592,000	-1,454,000	-558	-450,000	-268,000	-1,042,000	32,000	-15,000	32,000	-221,000	253,000	-212,000	70,000	93,000	-254,000	-630,000	156,000	-695,000	-235,000	-76,000	97,000	-1,490,000	-837,000	-837,000	-709,000	-709,000	296,000	296,000
increase in cash, cash equivalents and restricted cash	34,647,000		-55,983,000	15,498,000	6,008	-10,415,000	415,000	-2,031,000	2,682,000	-14,587,000	-13,005,000			-37,100,000				-24,727,000		-9,325,000	-19,979,000	-34,837,000	131,000	17,447,000	16,566,000	16,566,000	9,035,000	9,035,000	19,733,000	19,733,000
cash, cash equivalents and restricted cash at the beginning of the period	120,249,000	0	120,249,000	104,751,000	104,751	0	104,751,000	2,682,000	84,463,000	84,463,000	84,463,000	0	84,463,000		-36,153,000	0	115,958,000	101,969,000	0	101,969,000	104,204,000	0	104,204,000	86,757,000	86,757,000	86,757,000	86,757,000	86,757,000	86,757,000	86,757,000
cash, cash equivalents and restricted cash at the end of the period	154,896,000	1,151,000	64,266,000	120,249,000	110,759	-10,415,000	105,166,000	651,000	87,145,000	69,876,000	71,458,000	-3,682,000	75,140,000		5,605,000	4,246,000	75,559,000	77,242,000	-7,347,000	92,644,000	84,225,000	-34,837,000	104,335,000	104,204,000	103,323,000	103,323,000	95,792,000	95,792,000	106,490,000	106,490,000
net loss																																													-5,606,000														-2,356,000		-23,192,000																			-691,000
adjustment to reconcile net loss to net cash from operating activities:
non-cash changes in loans, related party
loss on extinguishment of debt, related party
changes in assets and liabilities:
change in operating leases right-of-use assets
accounts receivables
inventory and deferred cost of goods sold
prepaid expenses, deposits and other assets
trade payables																																																												24,049,000
accrued expenses																																																												23,739,000
advances from customers and deferred revenue
other current liabilities																																																												37,024,000
other liabilities
operating lease liabilities
purchase of property and equipment			-1,490,000	-6,610,000	-4,095	-1,857,000	-793,000	6,237,000	-12,793,000	-9,225,000	-4,515,000	-2,314,000	-2,201,000	-7,481,000	2,120,000	-2,089,000	-1,483,000	-2,740,000	-928,000	-951,000	-5,649,000	-1,573,000	-2,014,000	-10,759,000	-7,905,000	-7,905,000	-5,014,000	-5,014,000	-2,861,000	-2,861,000	-3,409,000	-2,173,000	-1,212,000		-2,822,000	-2,032,000	-1,104,000	-1,104,000	-3,930,000	-821,000	-3,109,000		-1,839,000		-741,000		-12,630,000	-12,195,000		-10,319,000	-10,319	-525,000		-4,063,000	-3,719,000	0	-2,231,000	-2,231,000			-4,646,000	-3,428,000		0	-2,166,000	-1,131,000	-1,035,000	-1,035,000	-8,948,000	-6,104,000		0	-3,892,000		-1,876,000	-7,638,000				-3,725,000	-2,732,000	-993,000		-4,485,000	-4,325,000	-4,325
capital contribution - related party
proceeds from convertible notes payable - related party
proceeds from notes payable - related party
net change in cash equivalents and restricted cash
cash and restricted cash, beginning of period
cash and restricted cash, end of period
adjustments required to reconcile net income to net cash from operating activities:
stock-based compensation																																			692,000	503,000	201,000	201,000	1,901,000		1,665,000	1,665,000	1,163,000	1,163	528,000	528			1,843,000		1,220		613,000		1,864,000		1,173,000		563,000
increase in trade receivables											-11,883,000	-5,471,000	-6,412,000																				-6,955,000	-6,955,000																	-8,034											-10,624,000	-10,624,000							-2,907,000	-2,907,000														-14,035,000	-14,035
decrease in contract assets				8,519,000		-3,266,000	6,248,000		2,481,000	-2,290,000	-2,608,000
decrease in other assets and other adjustments				11,661,000
decrease in inventories				-1,928,000					-5,416,000		-4,075,000													5,257,000	834,000		332,000												-2,821,000				-2,817,000		-4,182,000										-8,219,000		-5,464,000				4,969,000	2,447,000			-395,000					-3,695,000			-986,000			-2,946,000	-362,000			-871,000		-1,907,000		8,995,000	-2,437,000
decrease in accrued expenses		1,771,000	-6,358,000			-989,000	-1,240,000			-1,767,000	-1,690,000								-4,157,000	-1,652,000	-8,904,000	-4,907,000	-2,169,000																																	0	-2,655,000		-613,000					0	-6,147,000							0	-1,022,000	-1,022,000						-626,000
decrease in advances from customers and deferred revenues		-14,330,000	-1,096,000				-2,754,000
acquisition of subsidiary, net of cash acquired
repayments of short-term debts				-7,836,000	-4,043
decrease in cash, cash equivalents and restricted cash												-3,682,000	-9,323,000			4,246,000	-40,399,000
decrease in other assets and other adjustments (including short-term, long-term
and effect of exchange rate changes on cash, cash equivalents and restricted cash)			18,390,000
decrease in trade payables			-7,828,000											1,218,000	-1,139,000			-3,335,000			-4,515,000		-922,000		-12,249,000	-12,249,000			-8,272,000	-8,272,000											-7,647,000	-7,647,000			-195,000	-195																																				-1,014,000	-1,014
repayment of short-term debt							-2,744,000
capital gain from sale of property
stock-based compensation *)				6,726,000	5,800
decrease in trade receivables				-9,347,000					-11,162,000	-12,270,000									4,757,000	13,607,000		-5,325,000	7,831,000	13,090,000	22,209,000		29,469,000		35,509,000			5,048,000			10,109,000	3,994,000	-1,394,000		4,553,000		16,730,000	16,730,000	6,335,000		721,000				1,538,000						1,470,000		-2,225,000		5,999,000		-9,891,000			0	-7,114,000		-7,925,000		646,000			0	19,000		825,000	-1,562,000	-6,295,000			1,602,000	10,384,000	-8,782,000
receipts from sale of property
costs associated with entering into a long-term debt				-654,000
impairment of held for sale asset									771,000	718,000	439,000
proceeds from short-term deposits
investment in financial instrument									-1,536,000	-1,536,000
receipts from sale of properties
cash, cash equivalents and restricted cash at the beginning of the year
cash, cash equivalents and restricted cash at the end of the year
decrease (increase) in other assets and other adjustments (including short-term, long-term
and effect of exchange rate changes on cash and cash equivalents)					3,071
decrease (increase) in inventories					-2,472													-5,150,000			-7,685,000					834,000		332,000			-9,229,000	-3,558,000			865,000	-2,459,000								-2,817		-4,182					699		670,000										2,447,000								-3,695,000			-986,000					-362,000				-1,907			-2,437
decrease in other liabilities											-810,000
increase in other assets and other adjustments
proceeds from (investment in) short-term deposits
dividend payment																0	-35,003,000				-24,864,000
stock-based compensation of options								-1,106,000	2,220,000	1,633,000	1,061,000	569,000	492,000	815,000	183,000	465,000	-159,000	987,000	284,000	423,000	1,730,000		871,000
repayment of short-term deposits
supplementary disclosure of cash flows activities:
(a) cash paid during the period for:
interest
income taxes
decrease in other assets (including short-term, long-term
and deferred charges)									-3,445,000	-8,652,000	-7,763,000		-3,716,000				-220,000			1,673,000				-4,917,000	-10,659,000	-10,659,000	-9,151,000	-9,151,000			-3,629,000	-6,519,000	-3,254,000	-3,254,000	1,119,000	-1,072,000	-2,154,000	-2,154,000	998,000		862,000	862,000	16,000	16					-11,731,000		-12,535		-7,783,000		678,000		4,114,000		-1,207,000		-3,054,000	-2,326,000	-2,326,000		-5,428,000		270,000		-21,062,000	-19,227,000	-19,227,000		-18,923,000	-18,923,000	-12,217,000	-5,559,000	-4,544,000		-4,544,000	-2,143,000
increase in advance from customers and deferred revenue									5,929,000	7,397,000	7,010,000		2,310,000
repayment of (investment in) short term deposits									2,159,000		2,159,000
receipts from sale of held for sale asset									4,006,000
capital loss from disposal of property and equipment and impairment of held for sale asset
decrease in other assets																													714,000																2,934,000																																					213,000	213		-4,218,000
repayment of (investment in) short-term deposits
repayment of long-term loans																0	-4,000,000	-4,096,000	0	-4,096,000	-4,353,000	-108,000	-4,123,000	-4,470,000	-4,356,000	-4,356,000	-4,249,000	-4,249,000	-4,000,000	-4,000,000	-4,528,000	-4,383,000	-4,241,000		-4,416,000	-4,277,000	-4,139,000	-4,139,000	-4,544,000		-4,409,000		-4,272,000		-4,135,000		-4,633,000	-4,484,000		-4,330,000	-4,330	-4,165,000		-12,950,000	-12,804,000		-5,975,000	-5,975,000			-6,452,000	-5,435,000			-4,423,000		-4,248,000	-4,248,000	-1,225,000	-1,047,000			-852,000		-274,000	-8,409,000				-166,000		-87,000		-4,350,000
(a) cash paid during the year for:
taxes on income																																																												426,000
(b) non-cash transactions:
purchases of property and equipment that were not paid for and reclassification from inventories to property and equipment
reclassification from property and equipment to inventories
new operating lease assets obtained in exchange for operating lease liabilities
dividends declared
increase in other assets (including short-term, long-term
repayment of short term deposits										2,159,000
adjustments required to reconcile net loss
adjustments required to reconcile net loss to net cash from operating activities:
changes in operating assets and liabilities:
increase in other assets and receivables
increase in contract assets													-2,009,000				-4,487,000		-3,511,000	-4,851,000
increase in current and non current liabilities													1,375,000				2,003,000			2,811,000
exchange rate differences on long-term loan
decrease in other assets and receivables
investment in short-term deposits
(a) cash paid during the year for:
(b) non-cash transactions:
capital income from disposal of property and equipment																		34,000								96,000																121,000		48					241,000		60		17,000										47,000								118,000			69,000					270,000				7
decrease (increase) in other assets (including short-term, long-term
decrease in current and non current liabilities																		-219,000
proceeds from short term deposits
capital loss from disposal of property and equipment																								761,000	96,000														82,000		121,000		48,000												36,000	0	13,000		12,000		61,000	47,000		0	-3,000		-6,000		286,000	118,000		0	69,000		25,000	270,000	270,000			245,000		7,000		163,000	51,000
decrease in advances from customers and deferred revenue
investment in short term deposits
deferred income taxes																	518,000	101,000	-494,000	634,000	1,081,000	702,000	683,000	-3,671,000	-4,415,000	-4,415,000	-29,000	-29,000	12,000	12,000	-300,000	-159,000	-16,000	-16,000	5,000				1,000		11,000	11,000	-38,000	-38	-41,000	-41			-56,000		-47		-36,000		-871,000	0	-45,000		-16,000		-3,657,000	-1,079,000	-1,079,000	0	-330,000	-152,000	-178,000		-428,000	1,161,000	1,161,000	0	370,000	370,000	455,000	-250,000	-4,000	10,000	-4,000	6,000	-5,000	11,000	11	992,000	-226,000	-226
increase in advance from customer and deferred revenues																	7,688,000
exchange rate differences on long-term loans																								-34,000	-24,000	-24,000	-13,000	-13,000	30,000	30,000	151,000	113,000	25,000	25,000	56,000	48,000	90,000	90,000	-288,000		-221,000	-221,000	-226,000	-226	-329,000	-329			-311,000		-34		6,000		92,000	0	-46,000		-132,000		90,000	9,000	9,000	0	-124,000	-284,000	160,000		-112,000	150,000	150,000	0	522,000	522,000	402,000	-415,000	-308,000	-607,000	-308,000	-915,000	-495,000	-420,000	-420	212,000	504,000	504
decrease in advances from customers held by trustees
cash paid during the year for:
non-cash transactions:
cash dividends declared but unpaid
increase in advance from customers																		-4,116,000			-9,540,000			9,899,000	11,129,000	11,129,000									-66,642,000				79,884,000		55,616,000	55,616,000	57,332,000	57,332
exercise of stock options																					375,000		338,000
decrease in other assets and receivables
proceeds from exercise of stock option
capital gain from disposal of property and equipment																				-33,000																																																																		51
decrease in advance from customers																				-2,827,000			-3,087,000														-11,823,000	-11,823,000
declaration of cash dividend not yet distributed																							24,862,000
stock-based compensation of options and rsus
proceeds from exercise of stock option and rsus
increase in other assets																					-1,419,000
decrease in advances from customers, held by trustees																													-1,478,000	-1,478,000
increase in other current liabilities and other long term liabilities																					-2,659,000		863,000	-3,379,000	3,597,000	3,597,000	5,575,000	5,575,000	1,564,000	1,564,000	357,000	-1,904,000	-2,338,000	-2,338,000	1,630,000	697,000	1,221,000	1,221,000					1,742,000	1,742	4,250,000	4,250					-5,842
proceeds from exercise of stock option and restricted stock units
stock-based compensation of options and rsu's																								1,006,000	730,000	730,000	492,000	492,000	218,000	218,000	626,000	418,000	204,000	204,000
increase (decrease) in trade payables																								-8,926,000																																																												-6,855,000
decrease in advances from customers, held
by trustees																								-1,478,000	-1,478,000	-1,478,000	-1,478,000	-1,478,000			-2,340,000	-3,342,000	-4,412,000	-4,412,000	-1,028,000	-2,012,000	-4,063,000	-4,063,000	-2,243,000		-8,411,000	-8,411,000	-4,158,000	-4,158					-65,000		3,451		4,228,000		-4,448,000		-3,923,000		-4,229,000		2,897,000	2,936,000	2,936,000		5,002,000		5,655,000		547,000	1,609,000	1,609,000		-1,004,000	-1,004,000	-1,004,000	-1,133,000	2,025,000		2,025,000	4,532,000
issuance of restricted stock units and exercise of stock options																								2,149,000	1,638,000	1,638,000	573,000	573,000	306,000	306,000	569,000	493,000	266,000		527,000	346,000	336,000	336,000	5,683,000		5,595,000		3,705,000		793,000		1,185,000	748,000		746,000	746	293,000		581,000	579,000		562,000	562,000			254,000	18,000			12,000		6,000	6,000	27,000	20,000			14,000		6,000	39,000
capital lease payments																																			-307,000	-307,000	-51,000	-51,000	-609,000	-202,000	-408,000		-204,000		-102,000		-234,000	-86,000
issuance of shares in a rights offering, net of issuance costs
short-term bank credit and loans
increase in advances from customers, held
decrease in advances from customers																											-4,980,000	-4,980,000	-4,902,000	-4,902,000	-11,714,000	-5,710,000	-3,098,000	-3,098,000
loss from discontinued operations																																							200,000		-200,000
net income from continuing operations																																							-52,134,000		-46,885,000	-46,885,000				-5,606			-3,138,000		-4,067		-2,636,000
goodwill impairment																																							20,402,000		20,402,000	20,402,000
impairment of long-lived assets
accrued interest and exchange rate differences on restricted cash and deposits
decrease in restricted cash directly related to operating activities																															38,123,000	37,979,000	37,879,000	37,879,000			6,304,000	6,304,000			-52,736,000
increase in advances from customers																																				-36,285,000
increase in advances from customers held by trustees
increase in other current liabilities and other long-term liabilities
investment in restricted cash																															-656,000	-646,000	-28,000		-204,000	-186,000	-179,000	-179,000	-22,717,000	-306,000	-22,411,000		-21,202,000		-10,052,000		-12,788,000	-10,581,000		-7,516,000	-7,516			-25,961,000	-30,173,000	0	-18,000,000	-18,000,000			-24,507,000	-15,417,000		0	-9,114,000	-3,365,000	-5,749,000	-5,749,000	-23,548,000	-14,731,000		0	-12,142,000		-11,076,000	-2,941,000				-421,000	-34,000	-387,000		-90,000	-597,000	-597
proceeds from restricted cash																															671,000	667,000	670,000		7,441,000	7,426,000	7,347,000	7,347,000	34,120,000	1,561,000	32,559,000		28,276,000		22,117,000		11,228,000	232,000		176,000	176	76,000		2,975,000	31,958,000	0	19,339,000	19,339,000			28,639,000	20,877,000		0	14,624,000	6,496,000	8,128,000	8,128,000	23,014,000	16,969,000		0	14,091,000		6,868,000	1,339,000				1,332,000	1,262,000	70,000		7,696,000	171,000	171
investment in restricted cash held by trustees																															-10,802,000	-5,309,000			-10,925,000	-5,428,000			-16,634,000	-10,525,000	-6,109,000		-6,109,000				-24,869,000	-5,914,000		-4,228,000	-4,228	-4,228,000		-17,587,000	-14,455,000	0	-11,236,000	-11,236,000			-35,442,000	-28,701,000		0	-17,620,000	-4,382,000	-13,238,000	-13,238,000	-11,737,000	-6,320,000						-12,346,000				-11,110,000	-9,706,000	-1,404,000		-3,056,000
proceeds from restricted cash held by trustees																															13,388,000	8,000,000	5,356,000		13,473,000	8,158,000	3,675,000	3,675,000	21,501,000	2,852,000	18,649,000		14,652,000		10,922,000		12,306,000	8,625,000		6,588,000	6,588	2,950,000		13,744,000	10,283,000	0	9,771,000	9,771,000			35,447,000	22,516,000		0	9,075,000	5,016,000	4,059,000	4,059,000	10,660,000	4,447,000		0	1,016,000		1,016,000	13,673,000				6,555,000	3,768,000	2,787,000		24,834,000
issuance of restricted stock units and exercise of stock option
payment of obligation related to the purchase of intangible asset
effect of exchange rate changes on cash and cash equivalents																															110,000	-40,000	129,000		693,000	675,000	410,000	410,000	-977,000	145,000	-1,122,000		-414,000		-485,000		-172,000	-221,000		355,000	355	33,000		-325,000	-220,000	0	-227,000	-227,000			-262,000	-233,000		0	-164,000	-295,000	131,000	131,000	-448,000	-439,000		0	102,000		32,000	9,000				-79,000		-59,000		782,000	743,000	743
increase in cash and cash equivalents																															37,101,000	38,698,000	24,943,000		35,004,000	32,325,000	14,725,000	14,725,000	-9,291,000		-3,000				2,639,000							-9,845,000		-8,544,000	-13,054,000		-1,127,000	-1,127,000			10,737,000	4,795,000			-3,691,000				-1,007,000			0	-11,124,000			-65,434,000				4,637,000					-70,115,000	-70,115
cash and cash equivalents at the beginning of the year
cash and cash equivalents at the end of the year
accrued interest and exchange rate differences on
short and long-term restricted cash																															-104,000	10,000	-141,000	-141,000	-1,454,000	-1,560,000	-409,000	-409,000	842,000		207,000	207,000	87,000	87					464,000		-32		86,000		1,382,000		392,000		39,000		-209,000	-95,000	-95,000		-69,000		-247,000		500,000	231,000	231,000		-28,000	-28,000	-20,000	-201,000	-396,000		-396,000	19,000
decrease (increase)in trade receivables																															2,833,000
issuance of shares in a rights offering																																			35,095,000	35,095,000	15,243,000	15,243,000
short term bank credit																																			-7,000,000	-7,000,000	-2,750,000	-2,750,000	-5,897,000		-3,811,000		-5,569,000		-10,007,000		16,571,000	14,177,000
cash and cash equivalents at the beginning of the period																															40,133,000	40,133,000	40,133,000		18,435,000	18,435,000	18,435,000	18,435,000	27,726,000		27,726,000		27,726,000		27,726,000		58,424,000	58,424,000		58,424,000	58,424	58,424,000		66,968,000	66,968,000	0	66,968,000	66,968,000			56,231,000	56,231,000		0	56,231,000	0	56,231,000	56,231,000	57,238,000	57,238,000		0	57,238,000		57,238,000	122,672,000				122,672,000		122,672,000		73,916,000	122,807,000	122,807
cash and cash equivalents at the end of the period																															77,234,000	78,831,000	65,076,000		53,439,000	50,760,000	33,160,000	33,160,000	18,435,000		27,723,000		25,596,000		30,365,000		27,726,000	24,638,000		33,400,000	33,400	48,579,000		58,424,000	53,914,000	0	65,841,000	65,841,000			66,968,000	61,026,000		0	52,540,000	16,971,000	35,569,000	35,569,000	56,231,000	44,495,000		0	46,114,000		49,249,000	57,238,000				127,309,000		85,401,000		122,672,000	52,692,000	52,692
loss																																	-784,000	-784,000	-9,875,000	-7,676,000							-14,688,000	-14,688
adjustments required to reconcile loss
gilat satellite networks ltd.
condensed consolidated statements of cash flows
u.s. dollars in thousands
loss from continuing operations																																					-4,026,000						-14,688,000
adjustments required to reconcile loss to net cash from operating activities:
impairment of long lived assets																																							10,137,000
capital loss (gain) from disposal of property and equipment
cash flows from continuing operations
income from discontinued operations																																										-200,000
income from continuing operations																																			-9,875,000			-4,026,000						-14,688
to cash from operating activities:
decrease (increase) in restricted cash directly related to operating activities																																			28,482,000	21,574,000						-52,736,000
cash from operating activities																																			3,449,000
cash from investing activities																																			6,963,000
payment of obligation related to the purchase of intangible assets																																							-500,000		-500,000						-500,000	-500,000						-500,000	-500,000	0	-500,000	-500,000
cash from financing activities																																			23,899,000
increase in advances from customers held
us dollars in thousands
to net cash generated from operating activities:
increase in restricted cash directly related to operating activities																																							-87,004,000				-54,318,000	-54,318
decrease in other current liabilities and other long term liabilities																																							-1,860,000		-406,000	-406,000							-19,601,000
purchase of intangible assets																																																						-16,000	-118,000		-118,000	-118,000
short-term bank credit																																																		7,216,000	7,216	1,652,000		-3,518,000	-92,000	0	-458,000	-458,000		4,034,000	546,000	1,190,000		0	1,201,000	1,618,000	-417,000	-417,000	842,000	642,000		0	-275,000		-942,000	-946,000								-6,500,000	-323,000	-323
cash flows from discontinued operations
decrease in cash and cash equivalents																																								-9,288,000			-2,130,000				-30,698,000	-33,786,000		-25,024,000	-25,024															16,971,000	-20,662,000	-20,662,000		-12,743,000					-7,989,000							-37,271,000
cash flows from continuing operations:
net loss from discontinued operation
net loss from continuing operations																																													-5,606,000
adjustments required to reconcile net loss from continuing operations to net cash from operating activities:
stock-based compensation of options and rsus related to employees and non- employees
accrued interest and exchange rate differences on short and long-term restricted cash																																													43,000	43																																			168,000	-149,000	-149	256,000
increase in advances from customer
decrease in advances from customer, held by trustees																																																																																		-1,281,000	-1,281
decrease in other current liabilities and other long-term liabilities
issuance of rsus and exercise of stock options
proceeds from (repayment of) short-term bank credit
repayments of long-term loans																																																																																					-192,000	-192
to net cash generated provided by operating activities:
net income from discontinued operations																																																	-795,000
net loss from discontinued operations
adjustments required to reconcile net loss to net cash generated from operating activities:
increase in advances from customers, held by trustees																																													-5,178,000	-5,178
adjustments required to reconcile net income to net cash generated provided by operating activities:
exercise of stock options and issuance of restricted share units
repayment of convertible subordinated notes
proceeds from long-term loans																																																													10,000,000	10,000,000		0	10,000,000											40,000,000
to net cash generated used in operating activities:
decrease in other accounts payable and other long term liabilities																																																					-2,243,000									-5,744,000	-5,744,000		-5,719,000																	-1,577,000	-1,577
net cash generated from investing activities																																																						-30,908,000	-6,224,000		-2,475,000				-598,000	-4,235,000			-5,273,000
repayment of convertible notes																																																													-14,322,000								-835,000	-394,000		0	-394,000			-839,000
net cash generated from operating activities																																																						-7,158,000	-6,977,000		-5,872,000				21,571,000	3,490,000			-5,044,000
net cash generated from financing activities																																																						12,884,000	367,000		7,447,000					5,773,000			6,790,000
proceeds from sale of investment accounted for at cost
proceeds from working capital adjustment to subsidiary purchase price																																																																					1,465,000	1,465,000		0	1,465,000
net cash from (used in) investing activities
increase in advances from customer, held
increase in other accounts payable and other long term liabilities																																																							-5,054,000		-5,683,000		-5,952,000		4,000						962,000		-8,972,000	-10,379,000	-10,379,000		-1,562,000	-1,562,000	2,341,000	4,574,000	1,654,000		1,654,000	-274,000
proceeds from financing contract																																																							14,472,000	0	14,472,000	14,472,000
repayment according to financing contract																																																							-1,288,000	0	-654,000	-654,000
stock based compensation
increase in advances from customer, held by trustees																																																																																					496,000	496
decrease in other accounts payable and other long-term liabilities
purchase of intangible asset																																																													-89,000	-82,000		0	-72,000	-63,000	-9,000	-9,000	-38,000	-26,000		0	-21,000		-13,000	-2,515,000
net cash generated from (used in) investing activities																																																										-2,475,000
net cash generated from (used in) financing activities																																																										7,447,000
condensed ebitda
assets
current assets:
cash and cash equivalents																																																												71,517,000
short-term restricted cash																																																												4,369,000
restricted cash held by trustees																																																												12,000
trade receivables																																																												55,086,000
inventories																																																												28,432,000
other current assets																																																												29,209,000
total current assets																																																												188,625,000
long-term investments and receivables:
long-term restricted cash																																																												1,457,000
severance pay fund																																																												9,671,000
long-term trade receivables, receivables in respect of capital
leases and other receivables																																																												19,422,000
total long-term investments and receivables																																																												30,550,000
property and equipment																																																												93,311,000
intangible assets																																																												34,343,000
goodwill																																																												65,760,000
total assets																																																												412,589,000
condensed consolidated balance sheet
liabilities and equity
current liabilities:
current maturities of long-term loans																																																												7,945,000
short-term advances from customer, held by trustees																																																												219,000
total current liabilities																																																												97,010,000
long-term liabilities:
long-term loans																																																												35,646,000
other long-term liabilities																																																												30,270,000
total long-term liabilities																																																												75,411,000
commitments and contingencies
equity:
share capital - ordinary shares of nis 0.2 par value																																																												1,917,000
additional paid in capital																																																												870,929,000
accumulated other comprehensive income																																																												2,316,000
accumulated deficit																																																												-634,994,000
total equity																																																												240,168,000
total liabilities and equity																																																												412,589,000
reconciliation between gaap and non-gaap statements of operations
for comparative purposes
revenues																																																												82,827,000
cost of revenues																																																												57,286,000
gross profit																																																												25,541,000
research and development expenses:
expenses incurred																																																												7,631,000
less - grants																																																												332,000
selling and marketing expenses																																																												11,195,000
general and administrative expenses																																																												8,043,000
operating income																																																												-996,000								-2,580,000
financial expenses																																																												-934,000
income before taxes on income																																																												-1,930,000
basic net income per share																																																												-60
diluted net income per share																																																												-60
weighted-average number of shares used in
computing net income per share:
basic																																																												41,766,000
diluted																																																												41,766,000
adjustments reflect the effect of non-cash stock based compensation as per asc 718 and amortization of intangible assets related to acquisition transactions.
non-cash stock-based compensation expenses:
research and development																																																												99,000
selling and marketing																																																												91,000
general and administrative																																																												333,000
amortization of intangible assets related to acquisition transactions:
condensed consolidated statements of operations
impairment of goodwill and other intangible assets																																																													31,879,000								18,043,000
gain from the sale of an investment accounted for at cost																																																																					-3,034,000							-24,314,000	-24,314,000		-24,314,000					-2,597,000
stock-based compensation related to employees																																																													2,445,000	1,778,000	1,778,000		1,076,000		497,000		2,009,000	1,534,000	1,534,000		1,056,000	1,056,000	511,000	1,726,000	1,294,000		1,294,000	734,000		332,000	332	937,000
proceeds from sale of an investment accounted for at cost																																																																					3,034,000							24,314,000								2,597,000
acquisitions of subsidiaries, net of cash acquired																																																																					-1,867,000	-1,867,000			-1,867,000			-153,883,000
gain from the sale of investment accounted for at cost
accrued interest and exchange rate differences on restricted cash, marketable securities and deposits
increase in other accounts payable and other long-term liabilities
purchase of held-to-maturity marketable securities and deposits																																																																												-30,693,000				-30,693,000	0	-30,693,000		-130,961,000
proceeds from held-to-maturity marketable securities and deposits																																																																												62,384,000				39,877,000	31,924,000	7,953,000		162,615,000
purchase of available-for-sale marketable securities																																																																												-4,804,000				-4,804,000	0	-4,804,000
proceeds from available-for-sale marketable securities																																																																												4,888,000
net cash generated from (used in) operating activities																																																															3,490,000
issuance of restricted stock units																																																																																10,000		5,000
add:
non-cash stock-based compensation expenses																																																																				497,000
costs related to acquisition transactions
deprecation and amortization																																																																				5,038,000
ebitda																																																																				2,955,000
marketable securities and short term bank deposits																																																																												-45,000	-226,000		-226,000	110,000
investment in bank deposits
proceeds from bank deposits
·
impairment of goodwill and other charges
gain from redemption of convertible subordinated notes
accrued interest, accretion of discounts and exchange rate differences on held-to-maturity marketable securities and short-term bank deposits
early redemption of convertible notes																																																																																				-170,000
repayment of convertible debt
exchange rate differences on loans to employees																																																																						-3,000	-3,000									1,000				-5,000	20,000	20
loans to employees																																																																						-7,000		0	-11,000		-10,000	14,000				1,000	2,000	-1,000		39,000	2,778,000	2,778
accrued interest and exchange rate differences on marketable securities and short term bank deposits
decrease in advances from customer, held
cash flow from operating activities
adjustments to reconcile net income to net cash from operating activities:
stock warrant expense
bad debt expense
inventory write-downs
loss on disposal of property and equipment
issuance of series b convertible preferred stock for services
change in:
accounts receivable
prepaid expenses and other current assets
accounts payable
deferred rent
cash flow from investing activities
restricted cash
cash flow from financing activities
net proceeds from (principal repayments of) long-term debt
principal payments on capital lease obligations
proceeds from issuance of series b convertible preferred stock
proceeds from issuance of common stock
net increase in cash and cash equivalents
cash and cash equivalents, beginning of year
cash and cash equivalents, end of year
gain from redemption of convertible notes																																																																																				-78,000
impairment of long-lived assets and other charges
other investments																																																																																					-195,000	-195
proceeds from sale of property and equipment																																																																																					426,000	426
patents and marketing rights
gain from early redemption of convertible loan
gain from sale of an investment accounted for at cost
early redemption and repayment of convertible loan
supplementary cash flow activities:
early redemption and repyament of convertible notes																																																																																-420,000
accrued interest and exchange rate differences on held-to-maturity marketable securities and short term bank deposits																																																																																		-61,000	-61	-349,000
impairment of long lived asstes and other charges
increase (decrease) in accrued expenses																																																																																				-6,034,000
increase (decrease) in advances from customer, held by trustees																																																																																				-22,032,000
increase (decrease) in other accounts payable and other long term liabilities																																																																																				-9,909,000
exercise of stock options and restricted stock units																																																																																				11,000
increas (decrease) in cash and cash equivalents																																																																																				48,756,000
accrued interest and exchange rate differences on held-to-maturity marketable securities and short-term bank deposits
issuance of shares, net of issuance expenses
(1
(2
stock compensation related to employees stock options																																																																																					380,000	380
interest accrued on short and long-term restricted cash																																																																																					-496,000	-496
interest on held to maturity marketable securities																																																																																					-1,635,000	-1,635
decrease in other accounts payable and other long term liabilities, mainly deferred revenues																																																																																					-13,542,000	-13,542
return on investment																																																																																					1,182,000	1,182
purchase of held to maturity marketable securities																																																																																					-80,559,000	-80,559
proceeds from held to maturity marketable securities																																																																																					31,072,000	31,072
exercise of options																																																																																					1,866,000	1,866

Gilat Satellite Networks Ltd(NASDAQ:GILT)

Gilat Satellite Networks Ltd
(NASDAQ:GILT)