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KVH Industries Inc (KVHI) provides cutting-edge satellite communications and connectivity solutions for maritime, land, and air applications worldwide. This page serves as the definitive source for all official company announcements, offering investors and industry professionals timely access to strategic developments.
Track critical updates including earnings reports, product launches, and technology partnerships that shape KVHI's role in mobile broadband, defense navigation, and hybrid satellite networks. Our curated feed ensures you stay informed about innovations like LEO integration and global service expansions.
Discover press releases covering KVHI's maritime connectivity solutions, inertial navigation systems, and media content licensing. All content is sourced directly from the company to maintain accuracy and compliance with financial disclosure standards.
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KVH Industries (Nasdaq: KVHI) reported financial results for Q4 and full year 2022 on March 16, 2023. Total revenues rose by 2% to $36 million in Q4, driven by a 12% increase in VSAT Broadband airtime revenue to $26.8 million. The company achieved net income from continuing operations of $0.6 million ($0.03 per share), a turnaround from a net loss of $2.7 million in Q4 2021. Non-GAAP adjusted EBITDA reached $4.3 million, up from $0.7 million a year earlier. For 2023, KVH expects revenue between $145 million and $155 million, with adjusted EBITDA of $17 million to $23 million, indicating continued growth and profitability prospects.
KVH Industries (Nasdaq: KVHI) will release its financial results for the fourth quarter and fiscal year that ended on December 31, 2022, on March 16, 2023. The announcement will be accompanied by an investor conference call at 9:00 a.m. ET, led by Brent Bruun, CEO, and Roger Kuebel, CFO. Interested parties can access the live call at investors.kvh.com. A replay will be available for two weeks post-call. KVH Industries is a leader in mobile connectivity, offering maritime VSAT and services globally, with operations based in Middletown, RI.
KVH Industries received the 2023 SMART4SEA Connectivity Award for its innovative TracNet hybrid connectivity terminals during the SMART4SEA Awards ceremony. The award recognizes KVH's commitment to enhancing vessel connectivity with its TracNet product line, which integrates satellite, cellular, and Wi-Fi technologies to ensure seamless communication for maritime fleets globally. TracNet terminals provide extensive satellite coverage of 276 million sq. km and offer VSAT speeds up to 20/3 Mbps. The company's focus on cybersecurity and multi-level network protection strengthens its service offerings.
KVH Industries, Inc. has announced a support agreement with Black Diamond Capital Management, nominating Stephen H. Deckoff as an independent director for the 2023 Annual Meeting. Deckoff will initially serve as a non-voting observer on the Board. As part of the agreement, Black Diamond has received approval to purchase up to 25% of KVH’s common stock. The company plans to accept the resignation of one current director at the upcoming meeting, maintaining a total of seven directors after Deckoff's election. KVH remains focused on its strategic plans, aiming to enhance long-term shareholder value.
KVH Industries has launched two new value-added services for maritime connectivity: KVH Managed Firewall and KVH Cloud Email. These services enhance cyber threat protection and provide secure email solutions for commercial vessels utilizing KVH’s TracNet and TracPhone systems. The KVH Managed Firewall utilizes Fortinet cybersecurity features and is available via a monthly subscription. The KVH Cloud Email service allows users to manage emails securely while at sea with 10 GB cloud storage per user. These additions aim to improve fleet efficiency, onboard communication, and crew wellbeing, aligning with KVH's commitment to innovation in maritime services.
KVH Industries, Inc. (Nasdaq: KVHI) announces that CEO Brent Bruun and CTO Robert Balog will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 10:15 a.m. ET. The presentation will be available for live streaming on the company's investor website, investors.kvh.com, and an archived version will be accessible later the same day.
KVH is a leader in mobile connectivity and has been operational since 1982, offering innovative communication solutions globally.
KVH Industries, Inc. (Nasdaq: KVHI) reported its third-quarter financial results for 2022, highlighting a net income of $29.6 million, boosted by a $30.9 million gain from the sale of its inertial navigation business. Total revenues from continuing operations increased 2% to $35.2 million, driven by an 8% rise in mini-VSAT Broadband airtime revenue. However, net loss from continuing operations was $0.1 million, a decline from a $3.7 million profit in Q3 2021. Operating expenses decreased by $1.6 million, reflecting a 15% reduction in recurring costs since last year.
