Gilat Satellite Networks (Nasdaq: GILT) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Gilat Satellite Networks missed estimates on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue grew. Non-GAAP loss per share dropped. GAAP loss per share contracted.

Gross margins shrank, operating margins expanded, net margins grew.

Revenue details
 Gilat Satellite Networks tallied revenue of $82.8 million. The two analysts polled by S&P Capital IQ expected sales of $86.0 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $76.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.01. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.01 per share. Non-GAAP EPS were -$0.01 for Q1 against -$0.02 per share for the prior-year quarter. GAAP EPS were -$0.06 for Q1 against -$0.07 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 30.8%, 90 basis points worse than the prior-year quarter. Operating margin was -1.2%, 220 basis points better than the prior-year quarter. Net margin was -2.8%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $86.0 million. On the bottom line, the average EPS estimate is $0.01.

Next year's average estimate for revenue is $352.7 million. The average EPS estimate is $0.07.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 133 members out of 137 rating the stock outperform, and four members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 23 give Gilat Satellite Networks a green thumbs-up, and give it a red thumbs-down.

Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does Gilat Satellite Networks fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-dollar Revolution." Click here for instant access to this free report.