Gilat Satellite Networks Ltd. (Nasdaq:GILT) has reported its results for the fourth quarter and year ended December 31, 2009. Revenues for the fourth quarter of 2009 were $56.6 million, 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 12 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. To read the entire financial report, select this direct link.