KVH Industries

KVH Industries, based in Middletown, RI USA, is a leading designer and manufacturer of communication and sensor systems for a broad range of mobile applications in the leisure, commercial, and government/military markets. Our key businesses include: Mobile satellite communications – We believe that there is an increasing demand for mobile access to live media and information on the move. Our goal is to connect mobile users to the services they wish to use while on the go. Our award-winning TracVision® satellite TV and TracPhone® SATCOM products, along with our global mini-VSAT Broadband SATCOM network, provide television, global high-speed Internet, television and voice services via satellite to mobile users at sea, on land, and in the air. With the launch of our IP-MobileCast content delivery service and the addition of KVH Media Group and Videotel to the KVH family of companies, we are now a leading provider of value-added content for entertainment and maritime operations. KVH is the world's Nº 1 maritime VSAT supplier as measured by vessels equipped with mini-VSAT Broadband service, according to Comsys, March 2015; Euroconsult, March 2014; and NSR, May 2012. Defense, Guidance, Stabilization, and Navigation – We offer a portfolio of digital compass and fiber optic gyro (FOG)-based systems that meet the rigorous requirements of military and commercial customers for precision guidance, stabilization, and navigation. Our defense products include precision FOG-based systems that help stabilize remote weapon stations, gun turrets and radar units, as well as provide guidance for munitions. Our FOGs are also used in commercial applications like industrial robotics, optical stabilization, autonomous vehicles, and remotely operated submersibles. In addition, our TACNAV® tactical navigation systems provide uninterrupted navigation and pointing information for a broad range of military vehicles.
Company Growth (employees)
Middletown, US
Size (employees)
635 (est)
KVH Industries was founded in 1982 and is headquartered in Middletown, US

KVH Industries Office Locations

KVH Industries has offices in Middletown, Singapore, Tinley Park, London and in 5 other locations
Middletown, US (HQ)
50 Enterprise Center
Tinley Park, US
8412 185th St
Kokkedal, DK
2B Kokkedal Industripark
Leeds, GB
2A Queen St
Liverpool, GB
1 Derby Square
London, GB
84 Newman St
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KVH Industries Financials and Metrics

KVH Industries Financials

KVH Industries's revenue was reported to be $176.1 m in FY, 2016

Revenue (Q2, 2017)

40.4 m

Net income (Q2, 2017)

(2 m)

EBIT (Q2, 2017)

(1.4 m)

Market capitalization (22-Dec-2017)

173.7 m

Cash (30-Jun-2017)

30.4 m


145.8 m
KVH Industries's current market capitalization is $173.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


162.3 m172.6 m184.6 m176.1 m

Revenue growth, %


Cost of goods sold

51.5 m48.8 m47.4 m46.3 m

Gross profit

110.8 m123.7 m137.2 m129.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


40.2 m37 m40.9 m44.3 m41.3 m44.9 m44.5 m40.4 m46 m45.8 m40.2 m40.4 m

R&D expense

3.3 m3.7 m3.9 m3.3 m3.8 m3.5 m3.5 m3.8 m4 m3.9 m3.9 m3.8 m

General and administrative expense

4.8 m5.2 m5.3 m6.9 m7.6 m7.6 m8.2 m7.7 m7.1 m6.3 m8.2 m7.5 m

Operating expense total

38.1 m38.7 m40.2 m43.7 m43.2 m45.1 m44.2 m43.8 m46.7 m42.8 m44.7 m41.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


9.4 m25.3 m22.7 m26.4 m


18.3 m17.4 m21.6 m20.7 m

Current Assets

108.4 m112.9 m115.1 m108.8 m


18.3 m40.5 m36.7 m31.3 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


20.5 m23.6 m28.2 m24.8 m25.1 m29.4 m30.4 m


19.6 m21.2 m23.2 m21.7 m21.1 m21.8 m23.4 m

Current Assets

113 m117.5 m111.5 m107.3 m114.2 m99.8 m99.5 m


38.7 m37.5 m35.8 m33.6 m32.7 m31.6 m32.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.5 m41 k2.3 m(7.5 m)

Depreciation and Amortization

6 m10 m12.7 m12.6 m

Accounts Receivable

1.2 m(8.2 m)(5.8 m)10.7 m


(2 m)867 k(3.8 m)806 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

4.9 m(1.1 m)(1.1 m)(917 k)(1.4 m)(1.4 m)(1.8 m)(2.8 m)(3.6 m)(734 k)(4.9 m)(6.9 m)

Depreciation and Amortization

4.3 m1.7 m3.4 m6.7 m3.1 m6.2 m9.4 m3.2 m6.3 m9.1 m2.8 m5.5 m

Accounts Receivable

3.6 m(698 k)(3.3 m)481 k734 k1.8 m644 k11.5 m10.2 m10.8 m4.2 m4.1 m


(1.8 m)(459 k)(1.9 m)(2.3 m)(1.2 m)(2.1 m)(3.8 m)(1.6 m)(134 k)421 k(1 m)(2.7 m)
Y, 2017


-106.6 x


21.5 x


-3.9 k x

Financial Leverage

1.9 x
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KVH Industries Operating Metrics

KVH Industries's Backlog was reported to be $10.4 m in Q1, 2017
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017


$18.6 m$15.9 m$19.7 m$27.3 m$28.3 m$29.2 m$31.5 m$19.8 m$20.7 m$17 m$12.5 m$8.9 m$10.4 m

Patents Issued


Patents Pending

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KVH Industries Market Value History

KVH Industries Revenue Breakdown

KVH Industries's Web-traffic and Trends

KVH Industries Online and Social Media Presence

KVH Industries Company Life and Culture

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