OverviewSuggest Edit

KVH Industries is a company providing global high-speed internet, television, and voice services via satellite to mobile users at sea and on land. It offers solutions that include a mini-VSAT broadband network, TracPhone satellite communications systems, and TracVision satellite television systems. The company also manufactures sensors and integrated inertial systems for defense and commercial guidance and stabilization applications.
TypePublic
Founded1982
HQMiddletown, RI, US
Websitekvh.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2020)592(+2%)
Job Openings12
Revenue (FY, 2020)$158.7 M
Share Price (Sept 2021)$9.7
Cybersecurity ratingBMore

Key People/Management at KVH Industries

Martin A. Kits van Heyningen

Martin A. Kits van Heyningen

Chief executive officer
Brent Bruun

Brent Bruun

Chief Operating Officer
Elizabeth Jackson

Elizabeth Jackson

Chief Marketing Officer and Executive Vice President for Strategy
Robert Balog

Robert Balog

Chief Technology Officer
Jordan Vargas

Jordan Vargas

Global Vice President of Human Resources
Richard Driscoll

Richard Driscoll

Vice President, Service Development & Implementation
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KVH Industries Office Locations

KVH Industries has offices in Middletown, Davie, Tinley Park, Rio De Janeiro and in 14 other locations
Middletown, RI, US (HQ)
50 Enterprise Center
Davie, FL, US
6535 Nova Dr #100
Tinley Park, IL, US
8412 185th St
Rio De Janeiro, BR
Rua Helios Seelinger, 155 - Barra da Tijuca
Germasogeia, CY
Spyrou Kyprianou 38-101 102
Kokkedal, DK
Kokkedal Industripark 2B
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KVH Industries Financials and Metrics

KVH Industries Revenue

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KVH Industries's revenue was reported to be $158.73 m in FY, 2020 which is a 0.5% increase from the previous period.
USD

Revenue (Q2, 2021)

43.4m

Gross profit (Q2, 2021)

15.3m

Gross profit margin (Q2, 2021), %

35.4%

Net income (Q2, 2021)

(5.7m)

EBIT (Q2, 2021)

(5.8m)

Market capitalization (22-Sept-2021)

181.4m

Closing stock price (22-Sept-2021)

9.7

Cash (30-Jun-2021)

9.2m

EV

183.1m
KVH Industries's current market capitalization is $181.4 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

170.8m157.9m158.7m

Revenue growth, %

7%(8%)1%

Cost of goods sold

100.1m104.1m101.1m

Gross profit

70.7m53.8m57.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

40.0m39.2m39.3m36.6m36.9m41.1m42.3m43.4m

Cost of goods sold

24.6m27.7m25.9m24.8m23.9m25.3m26.6m28.0m

Gross profit

15.4m11.5m13.5m11.7m13.0m15.8m15.6m15.3m

Gross profit Margin, %

39%29%34%32%35%38%37%35%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

18.1m18.4m12.6m

Accounts Receivable

29.7m32.9m33.7m

Prepaid Expenses

3.5m3.2m3.9m

Inventories

22.9m23.5m24.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

14.3m15.3m9.2m18.5m21.4m18.1m14.0m9.2m

Accounts Receivable

28.8m29.6m30.0m29.0m28.6m31.5m30.0m33.0m

Prepaid Expenses

4.3m3.4m3.1m3.4m3.1m3.4m4.5m4.1m

Inventories

26.1m24.2m25.3m25.6m24.5m24.7m22.8m22.3m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(8.2m)33.3m(21.9m)

Depreciation and Amortization

12.9m11.5m11.7m

Inventories

(174.0k)(553.0k)(1.2m)

Accounts Payable

2.0m(1.9m)(3.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(6.2m)41.0m36.7m(6.2m)(9.8m)(10.3m)(4.0m)(9.7m)

Depreciation and Amortization

3.5m6.4m8.9m2.7m5.4m8.3m3.4m7.0m

Inventories

(3.1m)(1.3m)(2.4m)(2.1m)(993.0k)(1.2m)1.9m2.4m

Accounts Payable

2.6m(22.0k)(2.3m)(1.2m)(2.4m)(3.4m)(3.2m)293.0k
USDFY, 2018

EV/EBIT

-27.1 x

EV/CFO

37.4 x

EV/FCF

-18.1 x

Revenue/Employee

271.0k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x

P/E Ratio

(21.4)
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KVH Industries Operating Metrics

KVH Industries's Backlog was reported to be $17m in Q1, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Backlog

$14.5 m$18.2 m$17.7 m$24.1 m$19.5 m$22.6 m$21.6 m$25.6 m$20.4 m$17 m

Patents Pending

163237

Patents Issued

242839

Equipment Manufacturers per Vessel (Maritime IoT)

30
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KVH Industries Acquisitions / Subsidiaries

Company NameDateDeal Size
VideotelJuly 03, 2014
KVH Media Group, Inc.May 13, 2013$24 m
Virtek Communication ASSeptember 17, 2010$6.5 m
KVH Industries A/S
KVH Industries Brasil Comunicacao Por Satelite Ltda.
KVH Industries Japan Co. Ltd.
KVH Industries Norway AS
KVH Industries Pte. Ltd.
KVH Industries UK Ltd.
KVH Media Group Communication, Inc.
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KVH Industries Revenue Breakdown

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KVH Industries revenue breakdown by business segment: 24.7% from Inertial navigation and 75.3% from Mobile connectivity

KVH Industries Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

KVH Industries Online and Social Media Presence

Embed Graph

KVH Industries Company Culture

  • CEO Rating

    A+

    100/100

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KVH Industries News and Updates

KVH Provides AgilePlans VSAT Services for Briese Schiffahrt Vessels and Crew

KVH Industries, Inc., (Nasdaq: KVHI), announces its successful and expanding AgilePlans relationship with established customer German shipmanager Briese Schiffahrt, which has rapidly grown its installed base over the last two years from 5 to 38 vessels with plans to continue. The flexibility of KVH’…

KVH Receives $7.9 Million Fiber Optic Gyro Order for Remote Weapons Systems

KVH Industries, Inc., (Nasdaq: KVHI), announced today that it has received a $7.9 million fiber optic gyro (FOG) order from Escribano, a Spanish defense contractor, for its new Guardian 30 remotely controlled turret. The Guardian 30 turret was recently chosen by the Spanish Ministry of Defense for t…

KVH Industries Reports Second Quarter 2021 Results

KVH Industries, Inc., (Nasdaq: KVHI), reported financial results for the quarter endedJune 30, 2021 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can beaccessed atinvestors.kvh.com. Following the call, a replay of the webcast will be available t…

KVH Industries Reports Second Quarter 2021 Results

MIDDLETOWN, R.I., July 30, 2021 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), reported financial results for the quarter ended June 30, 2021 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. Follow…

KVH Industries to Host Second Quarter Conference Call on July 30, 2021

KVH Industries, Inc., (Nasdaq: KVHI), will announce its financial results for the second quarter that ended June 30, 2021, on Friday, July 30, 2021. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.m. ET, hosted by Mr. Martin Kits van Heyningen, CEO an…

KVH Industries to Host Second Quarter Conference Call on July 30, 2021

MIDDLETOWN, R.I., July 26, 2021 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), will announce its financial results for the second quarter that ended June 30, 2021, on Friday, July 30, 2021. In conjunction with the release, the company will conduct its investor conference call at 9:00 a.…
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KVH Industries Blogs

Five Questions with…Roger Ward, Director of FOG Product Development

When researching what sensor to purchase for their system, engineers include a review of sensor performance specifications. Most sensor manufacturers publish product specifications on their [...]

Five Questions with…Jamie Airs, Global Content Advisor

Here on shore, when you’re done with a long, hard day at work, you can head home, settle yourself on the couch, and flip on [...]

Cathy-Ann Martine-Dolecki

Cathy-Ann Martine-Dolecki Liz.McPherson@… Thu, 07/01/2021 - 14:18 Member of the Nominating Corporate Governance Committee Member of the Compensation Committee Cathy-Ann Martine-Dolecki (Independent) Cathy-Ann Martine-Dolecki began serving on the KVH Board of Di…

KVH Value-added Service Spotlight: Vessel Tracking

Understanding where your vessel is and tracking its route to its destination are critical to its efficient operation and vital for security and safety at [...]

KVH Industries Shareholders Elect Both of Company’s Director Nominees at 2021 Annual Meeting

KVH Industries Shareholders Elect Both of Company’s Director Nominees at 2021 Annual Meeting Liz.McPherson@… Thu, 06/17/2021 - 09:34 KVH Industries Shareholders Elect Both of Company’s Director Nominees at 2021 Annual Meeting June 17, 2021 at 9:34 AM EDT This …

KVH Industries Issues Letter to Shareholders and Files Definitive Proxy

Business is Emerging from COVID-19 Pandemic with Significant Momentum Company’s Two New Independent Director Candidates – Cielo Hernandez and Cathy-Ann Martine-Dolecki – Would Bring Fresh Insights and Valuable Industry Expertise to the KVH Board Believes VIEX Nominees Are Not the Right Fit for the
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KVH Industries Frequently Asked Questions

  • When was KVH Industries founded?

    KVH Industries was founded in 1982.

  • Who are KVH Industries key executives?

    KVH Industries's key executives are Martin A. Kits van Heyningen, Brent Bruun and Elizabeth Jackson.

  • How many employees does KVH Industries have?

    KVH Industries has 592 employees.

  • What is KVH Industries revenue?

    Latest KVH Industries annual revenue is $158.7 m.

  • What is KVH Industries revenue per employee?

    Latest KVH Industries revenue per employee is $268.1 k.

  • Who are KVH Industries competitors?

    Competitors of KVH Industries include Metronet, Tellabs and Inmarsat.

  • Where is KVH Industries headquarters?

    KVH Industries headquarters is located at 50 Enterprise Center, Middletown.

  • Where are KVH Industries offices?

    KVH Industries has offices in Middletown, Davie, Tinley Park, Rio De Janeiro and in 14 other locations.

  • How many offices does KVH Industries have?

    KVH Industries has 18 offices.