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)
Type
Public
HQ
Middletown, US
Founded
1982
Size (employees)
635 (est)
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 5F 12-1 Ichigaya Hachiman-cho
Liverpool, GB
1 Derby Square
Kokkedal, DK
2B Kokkedal Industripark
Leeds, GB
2A Queen St
Show all (9)

KVH Industries Financials and Metrics

KVH Industries Financials

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

Revenue (Q2, 2017)

40.4 m

Net income (Q2, 2017)

(2 m)

EBIT (Q2, 2017)

(1.4 m)

Market capitalization (13-Nov-2017)

179.5 m

Cash (30-Jun-2017)

30.4 m

EV

151.6 m
KVH Industries's current market capitalization is $179.5 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

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

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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

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

Inventories

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

Goodwill

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

Inventories

(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

Inventories

(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

EV/EBIT

-110.8 x

EV/CFO

22.4 x

EV/FCF

-4.1 k x

Financial Leverage

1.9 x
Show all financial metrics

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
Show all operating metrics

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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