Kvh Inds Inc Stock Price, News & Analysis

KVH Industries, a leader in mobile connectivity, is set to participate in the 24^th 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.