KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services. It also offers airtime plans that enable customers to obtain Internet and voice services; and value-added, and news and radio content services to retail customers. In addition, the company provides navigation, guidance, and stabilization products for the commercial and defense markets comprising precision fiber optic gyro-based systems; tactical navigation systems for tactical trucks and light armored vehicles; and commercial products, such as navigation and positioning systems for various applications consisting of precision mapping, dynamic surveying, autonomous vehicles, train location control and track geometry measurement systems, industrial robotics, and optical stabilization applications. Further, it offers content, maritime news, sporting content, and television programming delivery services; movie distribution services; and services and support for the mini-VSAT Broadband solution, as well as IoT connectivity service. The company sells its mobile communications products through a network of independent retailers, chain stores, distributors, and service providers; and navigation products directly to the United States and foreign governments, and government contractors, as well as through authorized independent sales representatives. It also sells and leases its products directly to end users. KVH Industries, Inc. was founded in 1978 and is headquartered in Middletown, Rhode Island.
IPO Year: 1996
Exchange: NASDAQ
Website: kvh.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/8/2022 | Strong Buy → Mkt Perform | Raymond James | |
3/9/2022 | $16.00 → $13.00 | Strong Buy | Raymond James |
11/8/2021 | $16.00 | Outperform → Strong Buy | Raymond James |
MIDDLETOWN, R.I., Dec. 11, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), announced that it has entered into purchase and sale agreements for its Rhode Island office and factory. In addition, KVH announced that its Board of Directors has authorized a share repurchase program with an aggregate purchase price of up to $10 million. "We expect that the sale of our Rhode Island facilities will provide us with approximately $12 million, net of transaction costs, for working capital and potential strategic opportunities while also allowing us to move to a new facility better suited to our future needs," says Brent Bruun, KVH's chief executive officer. "The Board's authorization of
MIDDLETOWN, R.I., Dec. 10, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), today announced that Seaspan Corporation (Seaspan), a world leading independent containership lessor, has signed an agreement to equip its fleet with the OneWeb advanced low earth orbit (LEO) satellite offering from KVH. This marks the next step in Seaspan's drive to deliver shore-like Internet connectivity at sea, supporting its digital transformation strategy and augmenting its fleet's existing LEO services. Chad Impey, Senior Vice President for Global Sales at KVH, commented, "We are proud to support Seaspan with the planned deployment of OneWeb service and hardware as part of our fully integrated K
MIDDLETOWN, R.I., Dec. 05, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), today announced that, together with international shipping leader Vroon, they have completed the deployment of Starlink/VSAT hybrid connectivity aboard 58 Vroon vessels. The hybrid configuration employs new Starlink Flat High Performance Terminals and Starlink service configured to work in concert with the existing KVH TracPhone® V7-HTS VSAT terminals and Iridium Certus units already onboard Vroon's fleet. "Our crews' well-being is of the utmost importance to us. By providing reliable and high-speed Internet access to our colleagues at sea, we ensure they can stay connected with families and friends wh
MIDDLETOWN, R.I., Dec. 03, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), today introduced its TracNet Coastal and TracNet Coastal Pro terminals, expanding its extensive multi-channel portfolio of maritime products and services with a cellular/Wi-Fi system. TracNet Coastal, which utilizes exclusive KVH Fusion eSIM technology, is a high-performance, single-cable, marine-grade cellular/Wi-Fi solution offering connectivity in 135 countries. In addition to serving as a standalone hybrid communication system, TracNet Coastal is ideal for a hybrid enhancement when coupled with VSAT and low earth orbit (LEO) services. "The demand for faster, more reliable connectivity is growing fo
MIDDLETOWN, R.I., Nov. 07, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), reported financial results for the quarter ended September 30, 2024 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Third Quarter 2024 Highlights Total revenues decreased by 13% in the third quarter of 2024 to $29.0 million from $33.2 million in the third quarter of 2023. Airtime revenue decreased $4.6 million, to $22.8 million, or 17%, in the third quarter of 2024 compared to the third quarter of
MIDDLETOWN, R.I., Nov. 05, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), will announce its financial results for the third quarter that ended on September 30, 2024, on Thursday, November 7, 2024. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Brent Bruun, CEO and Mr. Anthony Pike, CFO. A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish to submit
MIDDLETOWN, R.I., Nov. 04, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), today announced that it has substantially completed a 75-vessel connectivity upgrade for commercial dry bulk operator Pacific Basin Shipping, a longtime KVH customer. KVH is delivering worldwide communications to more than 75 Pacific Basin vessels using the KVH ONE® multi-orbit, multi-channel network, including the addition of Low Earth Orbit service via Starlink. These vessels are using KVH TracPhone® V7-HTS terminals, new Starlink Flat High Performance terminals, and KVH's CommBox™ Edge Communications Gateway onboard. This upgrade was carried out under the terms of a new agreement signed in July 2024.
MIDDLETOWN, R.I., Sept. 24, 2024 (GLOBE NEWSWIRE) -- The members of the National Marine Electronics Association recognized the performance and reliability of the TracVision® UHD7 satellite TV system from KVH Industries, Inc. (NASDAQ:KVHI) during the 2024 NMEA Conference. The advanced maritime entertainment system received the 2024 Product of Excellence Award in the Satellite TV Antenna category. It marked the 27th consecutive year that a KVH TracVision system has been honored in the marine satellite TV category. "We are gratified by the decision of the NMEA members to bestow this honor upon the TracVision UHD7," remarked Jim George, KVH's vice president of global leisure sales. "The pro
MIDDLETOWN, R.I., Aug. 01, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), reported financial results for the quarter ended June 30, 2024 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Second Quarter 2024 Highlights Total revenues decreased by 15% in the second quarter of 2024 to $28.7 million from $33.6 million in the second quarter of 2023.Airtime revenue decreased $3.9 million, to $23.0 million, or 15%, in the second quarter of 2024 compared to the second quarter of 2023.We reco
MIDDLETOWN, R.I., July 29, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), will announce its financial results for the second quarter that ended on June 30, 2024, on Thursday, August 1, 2024. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Brent Bruun, CEO and Mr. Anthony Pike, CFO. A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish to submit ques
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Raymond James downgraded KVH Industries from Strong Buy to Mkt Perform
Raymond James reiterated coverage of KVH Industries with a rating of Strong Buy and set a new price target of $13.00 from $16.00 previously
Raymond James upgraded KVH Industries from Outperform to Strong Buy and set a new price target of $16.00
Needham initiated coverage of KVH Industries with a rating of Buy and set a new price target of $14.00
Raymond James reiterated coverage of KVH Industries with a rating of Outperform and set a new price target of $16.00 from $15.00 previously
Raymond James reiterated coverage of KVH Industries with a rating of Outperform and set a new price target of $15.00 from $10.00 previously
Raymond James reiterated coverage of KVH Industries with a rating of Outperform and set a new price target of $15.00 from $10.00 previously
KVH Industries, Inc. (NASDAQ:KVHI) ("KVH" or the "Company") today announced that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights plan (the "Rights Plan"). The Rights Plan is intended to enable all shareholders to realize the full value of their investment in the Company. It is also intended to protect the Company and its shareholders from efforts to obtain control of KVH that the Board determines are not in the best interests of the Company and its shareholders. The Rights Plan will give the Board sufficient time to carefully evaluate the best use of the proceeds from Company's recently announced sale of its inertial navigation business a
MIDDLETOWN, R.I., June 22, 2022 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (NASDAQ:KVHI), today announced that its Board of Directors (the "Board") has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH. Mr. Bruun has served as KVH's Interim President and Chief Executive Officer since March 2022. He first joined KVH in 2008 and played a critical role in the growth of the Company's industry-leading mobile connectivity business. Cathy-Ann Martine-Dolecki, Chair of the Board, commented, "We would like to congratulate Brent on his appoi
Martin Kits van Heyningen to retire after 40 years of service at KVH Chief Operating Officer Brent Bruun to become Interim Chief Executive Officer Cathy-Ann Martine-Dolecki named new independent Chairman Company initiates search for new Chief Executive Officer KVH Industries, Inc., (NASDAQ:KVHI), today announced that its longstanding President and Chief Executive Officer, Martin Kits van Heyningen, is retiring from his executive and Board roles after more than 40 years at the Company. Mr. Kits van Heyningen is a co-founder of KVH and has served as President and a director since 1982, Chief Executive Officer since 1990 and as Chairman of the Board of Directors since 2007. He has been is
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MIDDLETOWN, R.I., Nov. 07, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), reported financial results for the quarter ended September 30, 2024 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Third Quarter 2024 Highlights Total revenues decreased by 13% in the third quarter of 2024 to $29.0 million from $33.2 million in the third quarter of 2023. Airtime revenue decreased $4.6 million, to $22.8 million, or 17%, in the third quarter of 2024 compared to the third quarter of
MIDDLETOWN, R.I., Nov. 05, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), will announce its financial results for the third quarter that ended on September 30, 2024, on Thursday, November 7, 2024. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Brent Bruun, CEO and Mr. Anthony Pike, CFO. A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish to submit
MIDDLETOWN, R.I., Aug. 01, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), reported financial results for the quarter ended June 30, 2024 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Second Quarter 2024 Highlights Total revenues decreased by 15% in the second quarter of 2024 to $28.7 million from $33.6 million in the second quarter of 2023.Airtime revenue decreased $3.9 million, to $23.0 million, or 15%, in the second quarter of 2024 compared to the second quarter of 2023.We reco
MIDDLETOWN, R.I., July 29, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), will announce its financial results for the second quarter that ended on June 30, 2024, on Thursday, August 1, 2024. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Brent Bruun, CEO and Mr. Anthony Pike, CFO. A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish to submit ques
MIDDLETOWN, R.I., May 06, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI) reported financial results for the quarter ended March 31, 2024 today. The company will hold a conference call to discuss these results at 4:30 p.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. First Quarter 2024 Highlights Total revenues decreased by 14% in the first quarter of 2024 to $29.3 million from $34.1 million in the first quarter of 2023.Airtime revenue decreased $3.5 million, to $23.6 million, or 13%, in the first quarter of 2024 compared to the first quarter of 2023.We recorded $2.2
MIDDLETOWN, R.I., May 01, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), will announce its financial results for the first quarter that ended on March 31, 2024, on Monday, May 6, 2024. In conjunction with the release, the company will conduct its investor conference call at 4:30 p.m. ET, hosted by Mr. Brent Bruun, CEO and Mr. Anthony Pike, CFO. A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish to submit questions duri
MIDDLETOWN, R.I., March 15, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (NASDAQ:KVHI), reported financial results for the quarter and full year ended December 31, 2023 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Fourth Quarter 2023 Highlights Total revenues from continuing operations decreased by 13% in the fourth quarter of 2023 to $31.5 million from $36.0 million in the fourth quarter of 2022.VSAT airtime revenue decreased by $1.0 million, to $25.9 million, or 4% in the fourth quarter of 2023 c
MIDDLETOWN, R.I., March 13, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), will announce its financial results for the fourth quarter and fiscal year that ended on December 31, 2023, on Friday, March 15, 2024. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Brent Bruun, CEO and Mr. Roger Kuebel, CFO. A live broadcast of the call will be available online at investors.kvh.com. In addition, an audio replay of the conference call will be available on the website for at least two weeks. To listen to the replay, visit investors.kvh.com starting three hours following the conclusion of the call. Investors who wish
Underpins KVH's Strategic Evolution to Become Leading Solutions-Driven Provider of Integrated Multi-Orbit, Multi-Channel Connectivity and Services Announces Wind Down of Hardware Manufacturing, Realignment of Resources and Leadership Changes to Better Address Market Dynamics and Long-Term Opportunities Anthony Pike to Become Chief Financial Officer Richard Driscoll to Become Chief Technology Officer MIDDLETOWN, R.I., Feb. 13, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. ("KVH" or the "Company") (NASDAQ:KVHI), today announced plans to wind down its hardware manufacturing operations to focus on strengthening its position as a streamlined provider
MIDDLETOWN, R.I., Nov. 09, 2023 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (NASDAQ:KVHI), reported financial results for the quarter ended September 30, 2023 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Third Quarter 2023 Highlights Total revenues from continuing operations in the third quarter of 2023 were $33.5 million, down 5% from $35.2 million in the third quarter of 2022.VSAT airtime revenue increased $0.7 million, to $27.4 million, or 3%, in the third quarter of 2023 compared to the third quarter of
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