Internet Protocol based communication and networking products maker Gilat Satellite Networks Ltd. (GILT: News ) Tuesday reported a slightly wider loss for the second quarter, hurt mainly by a decline in revenues.
Net loss for the quarter was $1.33 million compared to loss of $1.20 million last year. On a per-share basis, loss remained unchanged at $0.03
Excluding share-based compensations, non-GAAP net loss was $0.93 million or $0.02 per share compared to $0.98 million or $0.02 per share last year.
Petah Tikva, Israel-headquartered Gilat's quarterly revenues declined to $51.79 million from $56 million in the comparable quarter a year ago.
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