Welcome to our dedicated page for KVH Industries news (Ticker: KVHI), a resource for investors and traders seeking the latest updates and insights on KVH Industries stock.
KVH Industries Inc. (Nasdaq: KVHI) is a leading provider of global high-speed internet, television, and voice services via satellite to mobile users at sea, on land, and in the air. Headquartered in Middletown, RI, and founded in 1982, KVH delivers connectivity solutions through its renowned product lines such as TracPhone® for satellite communications and TracVision® for satellite television systems.
KVH's core offerings include the global mini-VSAT Broadband network and the innovative KVH ONE™ hybrid network, which integrates Ku-band GEO services, low earth orbit (LEO) services, 5G/LTE cellular communications, and shore-based Wi-Fi. This integration ensures seamless connectivity and intelligent network management for commercial, leisure, and military vessels.
KVH also encompasses KVH Media Group and Videotel. KVH Media Group provides licensed news, entertainment, and training content for various sectors including maritime, business, retail, and hospitality. Videotel specializes in high-quality e-learning training materials and management software for the maritime industry.
KVH's commitment to cutting-edge technology is evident in its advanced sensors, inertial navigation systems, and fiber optic gyros catering to defense and commercial guidance applications. These innovations support the company's mission to connect mobile users with the services they need, no matter where they are.
Recently, KVH has made significant strides in strategic partnerships and technological advancements. The company renewed its satellite services contract with Intelsat for three years, enhancing network capacity and reducing service costs. Additionally, a new partnership with Kognitive Networks will enhance KVH's connectivity terminals with state-of-the-art network and bandwidth management tools.
In terms of financial health, KVH continues to generate revenues from international markets, primarily from Singapore, Canada, European Union countries, and other regions across Africa, Asia/Pacific, and the Middle East. The company is currently undergoing a strategic realignment to become a more agile, solutions-driven provider by winding down its hardware manufacturing operations and focusing on integrated multi-orbit, multi-channel connectivity and services.
Despite the changes, KVH remains dedicated to delivering excellent value-added solutions to its customers. The company's diverse offerings and robust global service infrastructure ensure it continues to lead in mobile connectivity and maritime VSAT sectors.
KVH Industries has announced a partnership with ScanReach to deliver end-to-end wireless connectivity and advanced data analytics for the maritime industry. This collaboration will enable data from onboard sensors to transmit wirelessly through steel vessels, optimizing vessel performance and safety. KVH Watch Cloud Connect integrates with ScanReach's technology to facilitate real-time data analysis. With comprehensive IoT solutions, KVH aims to improve operational efficiency while reducing capital expenses for shipowners through its Connectivity as a Service model.
KVH Industries, a leader in mobile connectivity, is set to participate in the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 1:15 p.m. ET. The CEO, Martin Kits van Heyningen, and CFO, Roger Kuebel, will present, and the event will be available for streaming on KVH's investor website. An archive of the presentation will be accessible later that day. KVH, headquartered in Middletown, RI, specializes in maritime VSAT and integrated inertial systems, supporting both defense and commercial sectors.
KVH Industries has partnered with Navis Engineering to offer KVH Watch services, enhancing remote monitoring for dynamic positioning (DP) systems in the maritime industry. This collaboration aims to deliver real-time monitoring solutions, addressing vital needs in oil, gas, and renewables markets. With the expansion of KVH Watch Cloud Connect, users will benefit from streamlined data management and enhanced cybersecurity protocols. The transition towards autonomous vessels emphasizes the importance of such technologies in meeting future maritime demands.
KVH Industries has announced the launch of satellite connectivity services in India, enabling vessels to use its connectivity while operating in Indian territorial waters beginning early 2022. This initiative, supported by Station Satcom, will enhance maritime communication and support the ongoing digitalization of the industry. The services utilize the Intelsat FlexMaritime network, offering data speeds up to 20/3 Mbps. KVH’s subscription model, AgilePlans, provides comprehensive maritime satellite communications solutions, including high-speed connectivity and cybersecurity protection.
KVH Industries (Nasdaq: KVHI) reported a 5% increase in total revenues for Q3 2021, reaching $43.0 million, compared to $41.1 million in Q3 2020. Revenue from the AgilePlans program surged over 54%, representing 47% of the mini-VSAT Broadband subscriber base. Net income was $4.0 million ($0.22 per share), rebounding from a net loss of $0.5 million last year. However, inertial navigation product sales declined 11% due to supply chain issues, impacting shipment volumes. Overall, KVH expects full-year revenue growth in the high single digits.
KVH Industries, Inc. has expanded its maritime IoT solutions with the launch of Cloud Connect, a new service that leverages advanced edge computing for efficient data management. Available for order now, the service will ship on November 30, 2021. Cloud Connect integrates data from onboard sensors, offering real-time analysis and operational insights for vessel owners and operators. This offering is part of the KVH Watch suite, which aims to enhance smart shipping through improved connectivity and data utilization for maritime stakeholders.
KVH Industries (Nasdaq: KVHI) will announce its third-quarter financial results on November 4, 2021, following the period ending September 30, 2021. An investor conference call will take place at 9:00 a.m. ET, hosted by CEO Martin Kits van Heyningen and CFO Roger Kuebel. A live broadcast will be accessible at investors.kvh.com, with an audio replay available for two weeks post-call. KVH, a leader in mobile connectivity and inertial navigation systems, was founded in 1982 and is headquartered in Middletown, RI.
KVH Industries has partnered with A.M. Nomikos for the deployment of its AgilePlans VSAT connectivity on three vessels, enhancing both crew welfare and operational efficiency. The installations include TracPhone V7-HTS antennas, which deliver high-speed data, enabling up to 10 Mbps down and 3 Mbps up. The AgilePlans model offers comprehensive maritime satellite services without high capital costs, ensuring seamless connectivity and maintenance. KVH’s network employs Intelsat’s FlexMaritime for robust global coverage, affirming KVH's commitment to supporting maritime operations.
KVH Industries announces the expansion of its AgilePlans program with Briese Schiffahrt, growing their fleet from 5 to 38 vessels. The program facilitates a cost-effective monthly subscription for satellite services, promoting flexibility and ease of use. This service supports critical operations and crew communications, with vessels equipped with advanced TracPhone systems providing high-speed internet. Notably, plans for future vessels highlight ongoing demand, while the NEWSlink service enhances crew welfare by providing access to international news.
FAQ
What is the current stock price of KVH Industries (KVHI)?
What is the market cap of KVH Industries (KVHI)?
What does KVH Industries Inc. specialize in?
What are some of KVH's key products?
What is the KVH ONE™ network?
Who are KVH's primary customers?
Where does KVH generate most of its revenue?
What recent partnership has KVH announced?
What strategic changes is KVH implementing?
How does KVH support the maritime industry?
What financial outlook does KVH have?
How long has KVH been in business?
