Revenues for the fourth quarter of 2009 were $56.6million, compared to $66.1 million for the same period in 2008. Net income for the fourth quarter of 2009 was $0.3 million or $0.01 per diluted share, compared to a net loss of $6.5 million or $0.16 per diluted share in the fourth quarter of 2008.

Revenues for the twelve month period ended December 31, 2009 were $228.1 million, compared to $267.5 million in the comparable period of 2008. Net income for the twelve month period ended December 31, 2009 was $1.9 million or $0.04 per diluted share, compared to a net loss of $1.1 million or $0.03 per diluted share, in the same period of 2008.

Gilat's Chief Executive Officer and Chairman of the Board Amiram Levinberg, said,

"While 2009 was characterized by a lower level of revenues, we were able to offset the reduction by implementing expense cuts which helped us improve profitability. Strong bookings in the fourth quarter enabled us to finish the year with a healthy backlog. We look at 2010 with cautious optimism: Our strong product line will support us in strengthening our market position. In addition, we are making inroads in important new markets and in 2010 we have budget expenditures for our entry into the government defense market which we believe will allow us to achieve growth in future years."