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.
Type
Public
HQ
Middletown, US
Founded
1982
Size (employees)
635 (est)+12%
Website
kvh.com
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
Horten, NO
1 Verftsbassenget
Shinjuku, JP
Garden Terrace Ichigaya Hachiman 5 F 12 1 Ichigaya Hachiman Cho
Liverpool, GB
1 Derby Square
Kokkedal, DK
2 B Kokkedal Industripark
Leeds, GB
2 A Queen St

KVH Industries Data and Metrics

KVH Industries Financial Metrics

KVH Industries's revenue was reported to be $40.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

40.2 m

Net income (Q1, 2017)

(4.9 m)

EBIT (Q1, 2017)

(4.5 m)

Market capitalization (25-Jul-2017)

166.7 m

Cash (31-Mar-2017)

29.4 m
KVH Industries's current market capitalization is $166.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

162.3 m172.6 m184.6 m176.1 m

Revenue growth, %

6%7%(5%)

Cost of goods sold

51.5 m48.8 m47.4 m46.3 m

Gross profit

110.8 m123.7 m137.2 m129.8 m

Gross profit Margin, %

68%72%74%74%

R&D expense

16 m

General and administrative expense

28.2 m

Operating expense total

111.1 m120.4 m126.6 m177.4 m

EBIT

6.2 m1.9 m3.2 m(1.3 m)

EBIT margin, %

4%1%2%(1%)

Interest expense

637 k1.3 m1.5 m1.4 m

Interest income

657 k738 k546 k513 k

Pre tax profit

6.7 m1.3 m2.7 m(2 m)

Income tax expense

2.2 m1.3 m413 k5.5 m

Net Income

4.5 m41 k2.3 m(7.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

R&D expense

3.9 m3.3 m3.8 m3.5 m3.5 m3.8 m4 m3.9 m3.9 m

General and administrative expense

5.3 m6.9 m7.6 m7.6 m8.2 m7.7 m7.1 m6.3 m8.2 m

Operating expense total

9.1 m10.2 m11.4 m11.1 m11.6 m11.4 m11.2 m10.3 m12.1 m

EBIT

674 k516 k(1.9 m)(258 k)206 k(3.4 m)(693 k)3 m(4.5 m)

EBIT margin, %

2%1%(5%)(1%)0%(8%)(2%)7%(11%)

Interest expense

186 k493 k368 k366 k363 k375 k353 k353 k353 k

Interest income

205 k166 k148 k144 k129 k105 k118 k130 k166 k

Pre tax profit

(410 k)(784 k)

Income tax expense

617 k(118 k)(293 k)106 k53 k(930 k)22 k(129 k)160 k

Net Income

(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)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

9.4 m25.3 m22.7 m26.4 m

Inventories

18.3 m17.4 m21.6 m20.7 m

Current Assets

108.4 m112.9 m115.1 m108.8 m

Goodwill

18.3 m40.5 m36.7 m31.3 m

Total Assets

183.8 m235.8 m226.3 m199.8 m

Accounts Payable

8.9 m12.5 m9 m8.4 m

Total Debt

31.3 m7.9 m

Current Liabilities

29.5 m47.7 m43.6 m39.6 m

Total Liabilities

93.3 m

Additional Paid-in Capital

117.1 m121.1 m124.6 m129.7 m

Total Equity

118.2 m106.5 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.2 x0 x

Financial Leverage

1.9 x1.9 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

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

Inventories

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

Current Assets

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

Goodwill

38.7 m37.5 m35.8 m33.6 m32.7 m31.6 m

Total Assets

231.4 m231.1 m218 m209.2 m213.7 m191 m

Accounts Payable

9 m10.2 m7.8 m9.5 m7.7 m10.3 m

Current Liabilities

47.5 m50.8 m40.8 m39.3 m44.2 m37.6 m

Additional Paid-in Capital

122.8 m123.8 m124.8 m125.4 m126.6 m131.3 m

Retained Earnings

10.5 m10 m11.3 m10.5 m13.4 m1.7 m

Total Equity

115.6 m113.4 m114.9 m110.2 m112 m103.9 m

Financial Leverage

2 x2 x1.9 x1.9 x1.9 x1.8 x
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

Inventories

(2 m)867 k(3.8 m)806 k

Accounts Payable

1.2 m1.7 m(3.4 m)(790 k)

Cash From Operating Activities

16.3 m10.4 m8.4 m18.7 m

Capital Expenditures

(4.7 m)(5.1 m)(5.7 m)(5.6 m)

Cash From Investing Activities

(44.7 m)(26.7 m)(3.8 m)(8.7 m)

Long-term Borrowings

(1 m)(1.3 m)(1.3 m)(1.4 m)

Cash From Financing Activities

29.3 m32.7 m(6.3 m)(4.4 m)

Interest Paid

601 k1.3 m1.5 m1.4 m

Income Taxes Paid

1.2 m2.5 m2.2 m3.6 m

Free Cash Flow

21 m15.5 m14.1 m13.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(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)

Depreciation and Amortization

3.4 m6.7 m3.1 m6.2 m9.4 m3.2 m6.3 m9.1 m2.8 m

Accounts Receivable

(3.3 m)481 k734 k1.8 m644 k11.5 m10.2 m10.8 m4.2 m

Inventories

(1.9 m)(2.3 m)(1.2 m)(2.1 m)(3.8 m)(1.6 m)(134 k)421 k(1 m)

Accounts Payable

(1.3 m)3.3 m(813 k)(3.4 m)(2.1 m)(1.1 m)603 k(1.2 m)1.7 m

Cash From Operating Activities

1.3 m10.7 m3.2 m4.9 m10.7 m8.6 m8.9 m19 m4.3 m

Capital Expenditures

(1.9 m)(3.5 m)(1.3 m)(3.5 m)(4.9 m)(1.3 m)(2.5 m)(4.8 m)(2 m)

Cash From Investing Activities

3.6 m(26.8 m)(7.8 m)(6.6 m)(7 m)(1.3 m)(2.6 m)(10.9 m)6.9 m

Long-term Borrowings

(631 k)(951 k)(1.5 m)(3.1 m)(980 k)(334 k)(1.5 m)

Cash From Financing Activities

(738 k)32.9 m(1.7 m)(3.2 m)(4.7 m)(1.7 m)(3.3 m)(4.6 m)(8.5 m)

Free Cash Flow

(586 k)7.1 m1.9 m1.4 m5.8 m7.4 m6.3 m14.2 m2.3 m
USDY, 2017

Revenue/Employee

63.3 k

Financial Leverage

1.8 x

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

Backlog

$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

222223

Patents Pending

56

    KVH Industries Market Value History

    KVH Industries Revenue Breakdown

    KVH Industries Online and Social Media Presence

    KVH Industries Company Life and Culture

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