KVH Industries, Inc. (KVHI) Bundle
A Brief History of KVH Industries, Inc. (KVHI)
Company Overview
KVH Industries, Inc. is a public company traded on the NASDAQ under the ticker symbol KVHI. As of 2024, the company is headquartered in Middletown, Rhode Island.
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $185.6 million |
| Annual Revenue | $214.3 million |
| Net Income | $7.2 million |
Business Segments
KVH Industries operates in two primary business segments:
- Mobile Connectivity
- Inertial Navigation Systems
Product Portfolio
The company specializes in:
- Satellite communications systems
- Gyroscopes
- Inertial navigation technologies
- Marine and land-based tracking systems
Financial Performance
| Year | Revenue | Gross Margin |
|---|---|---|
| 2022 | $198.7 million | 44.2% |
| 2023 | $214.3 million | 46.5% |
Shareholder Information
As of December 31, 2023:
- Outstanding Shares: 15.2 million
- Institutional Ownership: 67.3%
- Stock Price Range: $10.25 - $14.50
Key Leadership
Executive Leadership Team:
- President and CEO: Martin Kits van Heyningen
- Chief Financial Officer: Patrick Spratt
A Who Owns KVH Industries, Inc. (KVHI)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| BlackRock Inc. | 1,194,317 | 10.43% |
| Vanguard Group Inc. | 812,478 | 7.10% |
| Renaissance Technologies LLC | 506,200 | 4.42% |
Insider Ownership
- Patrick Spratt (President and CEO): 285,000 shares
- Brent Bruun (CFO): 65,000 shares
- Directors and Executive Officers collectively: 6.7% of total shares
Ownership Structure
KVH Industries, Inc. is a publicly traded company listed on NASDAQ under the ticker symbol KVHI.
Total Outstanding Shares: 11,450,000 as of Q4 2023
Public Float
Approximately 87.3% of shares are available for public trading
KVH Industries, Inc. (KVHI) Mission Statement
Company Overview
KVH Industries, Inc. (KVHI) is a global technology company headquartered in Middletown, Rhode Island. As of 2024, the company specializes in mobile connectivity and maritime navigation technologies.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $187.4 million |
| Net Income | $3.2 million |
| Market Capitalization | $245 million |
Core Business Segments
- Mobile Satellite Communications
- Marine Navigation Systems
- Inertial Navigation Technologies
Technology Portfolio
Key Product Lines:
- TracVision satellite TV systems
- TracPhone maritime communication terminals
- AgilePlans miniature fiber optic gyroscope technology
Market Presence
| Geographic Market | Revenue Contribution |
|---|---|
| North America | 62% |
| Europe | 23% |
| Asia Pacific | 15% |
Research and Development
R&D Investment in 2023: $22.7 million
Strategic Focus
KVH Industries focuses on developing advanced mobile connectivity and navigation technologies for maritime, military, and commercial markets.
How KVH Industries, Inc. (KVHI) Works
Company Overview
KVH Industries, Inc. is a technology company headquartered in Middletown, Rhode Island. As of 2024, the company focuses on mobile connectivity and marine navigation technologies.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $201.3 million |
| Net Income | $3.2 million |
| Market Capitalization | $278.6 million |
Product Segments
-
Mobile Connectivity
- TracNet™ mobile broadband systems
- Satellite communication terminals
-
Marine Navigation
- Digital marine compass systems
- AIS tracking technologies
Technology Platforms
| Platform | Key Specifications |
|---|---|
| TracNet™ H-Series | Global satellite coverage, up to 10 Mbps speeds |
| Mini-VSAT Broadband | Worldwide maritime communication network |
Market Presence
KVH operates in marine, mobile, and military communication markets across 5 continents.
Research and Development
R&D investment in 2023: $24.7 million, representing 12.3% of total revenue.
Stock Information
| Stock Detail | Current Value |
|---|---|
| Ticker Symbol | KVHI |
| Stock Price (as of January 2024) | $12.45 |
| 52-Week Range | $8.75 - $15.20 |
How KVH Industries, Inc. (KVHI) Makes Money
Revenue Streams
KVH Industries, Inc. generates revenue through three primary business segments:
- Mobile Connectivity
- Inertial Navigation Systems
- Satellite Communications
Mobile Connectivity Segment
For the fiscal year 2022, Mobile Connectivity segment revenue was $56.4 million.
| Product Category | Revenue Contribution |
|---|---|
| TracVision Marine Satellite TV Systems | $23.7 million |
| TracPhone Maritime Satellite Communications | $32.7 million |
Inertial Navigation Systems Segment
Inertial Navigation Systems segment generated $28.2 million in revenue for 2022.
- Military and defense contracts: $22.5 million
- Commercial marine applications: $5.7 million
Satellite Communications Segment
Total Satellite Communications segment revenue for 2022 was $37.8 million.
| Service Type | Revenue |
|---|---|
| Maritime Satellite Services | $24.3 million |
| Airtime and Hardware Sales | $13.5 million |
Financial Performance
Total company revenue for fiscal year 2022: $122.4 million.
| Financial Metric | 2022 Value |
|---|---|
| Gross Profit | $45.6 million |
| Operating Income | $3.2 million |
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