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KVH Industries (KVHI)

Website: www.kvh.com

Providing Information To People Wherever They Go


Overview

KVH Industries (Nasdaq: KVHI) and its wholly owned subsidiary, KVH Europe A/S are leading providers of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than 150,000 mobile satellite antennas for applications on vessels, vehicles, and aircraft. KVH's mission is to connect mobile customers around the globe with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices.

The company's products are based on its proprietary mobile satellite antenna and fiber optic technologies. Its mobile communications products, including TracVision and TracPhone systems, enable customers to receive live digital television, telephone, and Internet services in their vehicles, vessels, and airplanes while in motion via satellite services. 

The company's guidance and stabilization products include tactical navigation systems for a range of military vehicles; and precision fiber optic gyro-based systems that help platforms, such as gun turrets, remote weapon stations turrets, and radar units, as well as provide guidance for munitions. 

Its fiber optic products are used in commercial applications, such as train track geometry measurement systems, industrial robotics, optical stabilization, autonomous vehicles, and undersea remotely operated submersibles. The company sells its mobile communications products through an international network of distributors and retailers worldwide; and guidance and stabilization products directly to the United States, and allied governments and government contractors, as well as through an international network of authorized independent sales representatives. 


KVHI Investor Highlights

  • Revenue for the first quarter of 2008 was $23.1 million, up 13% from the first quarter ended March 31, 2007.
  • Net income for the quarter was $1.6 million or $0.11 on a per-diluted share basis.
  • Announced in July 08, that it has received a new $2 million order for its precision DSP-3100 fiber optic gyros (FOGs) from Kongsberg Defence & Aerospace for use in the Protector family of remote weapon stations. The contract is in addition to a $6 million order received in April 2008 from Kongsberg, and will extend DSP-3100 FOG shipments into the early part of 2009.
  • Announced in July 08, a new agreement with ViaSat to begin the global rollout of the popular mini-VSAT Broadband(sm) satellite communications service.
  • Currently trades at a forward P/E of 15.8, a price to Sales of 1.29 and a price to book of 1.35.
  • KVHI has a current cash position of over $50M with a negligible amount of debt $2M.
  • Low float, only 12.7M shares.

Recent News and Press Releases

KVH Receives New $2 Million Fiber Optic Gyro Order from Kongsberg Defence & Aerospace

KVH Industries to Host Second Quarter Conference Call On July 22, 2008

KVH Begins Rollout of Global Ku-band mini-VSAT Broadband Satellite Communications Network

KVH Launches Lease Program for TracPhone V7 Maritime Broadband Communications System

KVH Introduces New CNS-5000 GPS/IMU Continuous Navigation System

For the latest Quote and News on KVHI Click Here.


Contacts

KVH Industries

50 Enterprise Center
Middletown, RI 02842
Phone: 401-847-3327
Fax: 401-849-0045


SEC Filings

KVHI filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


Disclaimer

PennyReview.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. For continuing coverage of KVHI, please sign up for our free newsletter. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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