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CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION

NOTE 10:-CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION

a.The Company applies ASC 280, "Segment Reporting" ("ASC 280"). Operating segments are defined as components of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker. Segments are managed separately as follows:

Fixed Networks provides advanced fixed broadband satellite communication networks, satellite communication systems and associated professional services and comprehensive turnkey solutions and fully managed satellite network services solutions. The Company’s customers are service providers, satellite operators, mobile network operators, telecommunication companies, large enterprises and governments worldwide. In addition, it includes the Company’s network operation and managed networks and services in Peru.

Mobility Solutions provides advanced on-the-move satellite communications equipment, systems and solutions, including airborne, maritime and ground-mobile satellite systems and solutions.

This segment provides solutions for land, sea and air connectivity, while placing a major focus on the high-growth market of IFC, with the Company’s unique leading technology as well as defense and homeland security activities.

Terrestrial Infrastructure Projects includes the Company's construction of fiber and wireless networks in Peru.

Six months ended

June 30, 2021

Fixed Networks

 

 

Mobility Solutions

 

 

Terrestrial Infrastructure Projects

Total

 

Revenue

$

56,127

$

31,002

$

14,507

$

101,636

Cost of revenue

35,723

20,746

16,095

72,564

 

Gross profit (loss)

20,404

10,256

(1,588

)

29,072

 

Research and development, net

4,700

10,960

-

15,660

Selling and marketing

7,639

2,810

19

10,468

General and administrative

3,931

2,302

705

6,938

 

Operating profit (loss)

4,134

(5,816

)

(2,312

)

(3,994

)

Financial expenses, net

757

 

Loss before taxes

(4,751

)

Taxes on income

474

Net loss

(5,225

)

 

Depreciation and amortization Expenses

$

2,379

$

2,236

$

31

$

4,646

F - 18

GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES

NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

U.S. dollars in thousands

NOTE 10:-CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.)

Six months ended

June 30, 2020

Fixed Networks

 

 

Mobility Solutions

 

 

Terrestrial Infrastructure Projects

Total

 

Revenue

$

44,790

$

33,207

$

7,991

$

85,988

Cost of revenue

32,254

23,427

11,833

67,514

 

Gross profit (loss)

12,536

9,780

(3,842

)

18,474

 

Research and development, net

4,180

9,121

-

13,301

Selling and marketing

6,326

2,304

20

8,650

General and administrative

4,842

2,185

764

7,791

Merger, acquisition and related litigation expenses, net  

-

-

-

2,951

 

Operating loss

(2,812

)

(3,830

)

(4,626

)

(14,219

)

Financial expenses, net

1,429

 

Loss before taxes

(15,648

)

Taxes on income

332

Net loss

(15,980

)

 

Depreciation and amortization Expenses

$

3,170

$

2,061

$

40

$

5,271

b.Disaggregation of Revenue:

Following is a summary of revenue by geographic areas. Revenue attributed to geographic areas, based on the location of the end customers and in accordance with ASC 280, are as follows:

Six months ended

June 30,

2021

 

 

2020

 

Latin America

$

35,463

$

30,185

Asia and Asia Pacific

24,807

9,279

United States

28,726

36,499

Europe

12,640

10,025

 

$

101,636

$

85,988

F - 19

GILAT SATELLITE NETWORKS LTD. AND ITS SUBSIDIARIES

NOTES TO CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

U.S. dollars in thousands

NOTE 10:-CUSTOMERS, GEOGRAPHIC AND SEGMENT INFORMATION (Cont.)

c.The table below represents the revenue from major customers:

Six months ended

June 30,

2021

 

 

2020

 

Customer A

18

%

21

%

Customer B

*

)

16

%

*) Less than 10%

Customer A is located in Peru and Customer B is located in the United States.