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.
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.
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 162.3 m | 172.6 m | 184.6 m | 176.1 m |
Revenue growth, % | 6% | 7% | (5%) | |
Cost of goods sold | 51.5 m | 48.8 m | 47.4 m | 46.3 m |
Gross profit | 110.8 m | 123.7 m | 137.2 m | 129.8 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 m | 120.4 m | 126.6 m | 177.4 m |
EBIT | 6.2 m | 1.9 m | 3.2 m | (1.3 m) |
EBIT margin, % | 4% | 1% | 2% | (1%) |
Interest expense | 637 k | 1.3 m | 1.5 m | 1.4 m |
Interest income | 657 k | 738 k | 546 k | 513 k |
Pre tax profit | 6.7 m | 1.3 m | 2.7 m | (2 m) |
Income tax expense | 2.2 m | 1.3 m | 413 k | 5.5 m |
Net Income | 4.5 m | 41 k | 2.3 m | (7.5 m) |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 40.9 m | 44.3 m | 41.3 m | 44.9 m | 44.5 m | 40.4 m | 46 m | 45.8 m | 40.2 m |
R&D expense | 3.9 m | 3.3 m | 3.8 m | 3.5 m | 3.5 m | 3.8 m | 4 m | 3.9 m | 3.9 m |
General and administrative expense | 5.3 m | 6.9 m | 7.6 m | 7.6 m | 8.2 m | 7.7 m | 7.1 m | 6.3 m | 8.2 m |
Operating expense total | 9.1 m | 10.2 m | 11.4 m | 11.1 m | 11.6 m | 11.4 m | 11.2 m | 10.3 m | 12.1 m |
EBIT | 674 k | 516 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 k | 493 k | 368 k | 366 k | 363 k | 375 k | 353 k | 353 k | 353 k |
Interest income | 205 k | 166 k | 148 k | 144 k | 129 k | 105 k | 118 k | 130 k | 166 k |
Pre tax profit | (410 k) | (784 k) | |||||||
Income tax expense | 617 k | (118 k) | (293 k) | 106 k | 53 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) |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 9.4 m | 25.3 m | 22.7 m | 26.4 m |
Inventories | 18.3 m | 17.4 m | 21.6 m | 20.7 m |
Current Assets | 108.4 m | 112.9 m | 115.1 m | 108.8 m |
Goodwill | 18.3 m | 40.5 m | 36.7 m | 31.3 m |
Total Assets | 183.8 m | 235.8 m | 226.3 m | 199.8 m |
Accounts Payable | 8.9 m | 12.5 m | 9 m | 8.4 m |
Total Debt | 31.3 m | 7.9 m | ||
Current Liabilities | 29.5 m | 47.7 m | 43.6 m | 39.6 m |
Total Liabilities | 93.3 m | |||
Additional Paid-in Capital | 117.1 m | 121.1 m | 124.6 m | 129.7 m |
Total Equity | 118.2 m | 106.5 m | ||
Debt to Equity Ratio | 0.1 x | |||
Debt to Assets Ratio | 0.2 x | 0 x | ||
Financial Leverage | 1.9 x | 1.9 x |
| USD | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|---|---|
Cash | 20.5 m | 23.6 m | 28.2 m | 24.8 m | 25.1 m | 29.4 m |
Inventories | 19.6 m | 21.2 m | 23.2 m | 21.7 m | 21.1 m | 21.8 m |
Current Assets | 113 m | 117.5 m | 111.5 m | 107.3 m | 114.2 m | 99.8 m |
Goodwill | 38.7 m | 37.5 m | 35.8 m | 33.6 m | 32.7 m | 31.6 m |
Total Assets | 231.4 m | 231.1 m | 218 m | 209.2 m | 213.7 m | 191 m |
Accounts Payable | 9 m | 10.2 m | 7.8 m | 9.5 m | 7.7 m | 10.3 m |
Current Liabilities | 47.5 m | 50.8 m | 40.8 m | 39.3 m | 44.2 m | 37.6 m |
Additional Paid-in Capital | 122.8 m | 123.8 m | 124.8 m | 125.4 m | 126.6 m | 131.3 m |
Retained Earnings | 10.5 m | 10 m | 11.3 m | 10.5 m | 13.4 m | 1.7 m |
Total Equity | 115.6 m | 113.4 m | 114.9 m | 110.2 m | 112 m | 103.9 m |
Financial Leverage | 2 x | 2 x | 1.9 x | 1.9 x | 1.9 x | 1.8 x |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 4.5 m | 41 k | 2.3 m | (7.5 m) |
Depreciation and Amortization | 6 m | 10 m | 12.7 m | 12.6 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 m | 1.7 m | (3.4 m) | (790 k) |
Cash From Operating Activities | 16.3 m | 10.4 m | 8.4 m | 18.7 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 m | 32.7 m | (6.3 m) | (4.4 m) |
Interest Paid | 601 k | 1.3 m | 1.5 m | 1.4 m |
Income Taxes Paid | 1.2 m | 2.5 m | 2.2 m | 3.6 m |
Free Cash Flow | 21 m | 15.5 m | 14.1 m | 13.1 m |
| USD | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 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 m | 6.7 m | 3.1 m | 6.2 m | 9.4 m | 3.2 m | 6.3 m | 9.1 m | 2.8 m |
Accounts Receivable | (3.3 m) | 481 k | 734 k | 1.8 m | 644 k | 11.5 m | 10.2 m | 10.8 m | 4.2 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 m | 10.7 m | 3.2 m | 4.9 m | 10.7 m | 8.6 m | 8.9 m | 19 m | 4.3 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 m | 1.9 m | 1.4 m | 5.8 m | 7.4 m | 6.3 m | 14.2 m | 2.3 m |
| USD | Y, 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
