KVH Industries, Inc. (KVHI) Q3 2024 Earnings Conference Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2024
0mins
Should l Buy KVHI?
Source: SeekingAlpha
Airtime and Service Revenue $24.4 million, down $5 million (approximately 17% decrease) from Q3 2023 due to a decline in VSAT product sales and corresponding VSAT service revenue.
Total Revenue $28.9 million, roughly a 13% decrease from a year earlier, attributed to the continuing decline in VSAT product sales.
Airtime Gross Margin 36.5%, up from 36.0% in the prior quarter, driven by strong margins from LEO airtime following a bulk data distribution agreement with Starlink.
Total Subscribing Vessels Just below 6,800, approximately 2% up from the prior quarter.
Q3 Gross Profit Negative $0.2 million, improved from negative $0.7 million in Q3 of last year.
Operating Expenses $11.3 million, which includes a $1.1 million impairment charge; down around $0.8 million or 8% from the prior quarter and $1.8 million or 14% from Q1 2024 on a like-for-like basis.
Adjusted EBITDA $2.9 million, compared to $2.6 million in Q2 2024.
Capital Expenditures $1.5 million, leading to adjusted EBITDA less CapEx of $1.4 million, compared to zero in Q2.
Ending Cash Balance $49.8 million, up approximately $0.5 million from the beginning of the quarter.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KVHI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KVHI
About KVHI
KVH Industries, Inc. is a provider of technology-driven connectivity solutions to primarily maritime commercial, leisure, and military/government customers. The Company provides global high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite to mobile users at sea and on land. It is also a provider of commercially licensed entertainment, including news, sports, music, and movies, to commercial customers in the maritime and hotel markets, along with supplemental value-added cybersecurity, email, and crew Internet services. It provides integrated, end-to-end services, software, and hardware that support its customers’ need for access to the Internet, VoIP, operations content, and entertainment services while on the move. The Company also manufactures in-motion, stabilized antennas that provide receive-only satellite television services. It also provides subscription plans that enable customers to obtain Internet and VoIP airtime services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Transcend Appoints New SVP of Marketing to Drive Demand
- Executive Appointment: Transcend has appointed Elizabeth Jackson as Senior Vice President of Marketing, leveraging her extensive experience across SaaS and AdTech to enhance the company's market expansion in the AI era, which is expected to significantly improve customer data decision-making efficiency.
- Growing Market Demand: With Gartner projecting global AI spending to reach $2.5 trillion by 2026, Transcend's strategic investments will further solidify its leadership in enterprise data compliance infrastructure, addressing the increasing market demand.
- Enhanced Innovation Capability: Jackson's successful track record at HookLogic, particularly in creating measurable retail media categories, will bring new market perspectives to Transcend, driving innovation in data governance and customer growth.
- Team Expansion Plans: This appointment reflects Transcend's ongoing investment in go-to-market leadership, as the company is also hiring for multiple marketing and sales positions to support its rapidly growing business needs.
See More
KVH Industries Q4 2025 Earnings Call Highlights
- Service Revenue Growth: KVH Industries reported service revenue of $28.3 million in Q4 2025, marking a 27% increase year-over-year, indicating significant progress in the company's strategic shift towards LEO (Low Earth Orbit) services and enhancing its competitive position in the market.
- Subscriber Base Expansion: The company expanded its installed base by approximately 2,000 vessels, ending the year with over 9,000 vessels under contract, representing a 28% increase, which lays a solid foundation for future recurring revenue growth and reflects strong demand in the maritime communications sector.
- Increased Strategic Investment: The Board raised the share repurchase program from $10 million to $15 million, demonstrating management's confidence in the undervaluation of the company's stock while providing better returns for shareholders.
- 2026 Outlook: The company anticipates revenue between $130 million and $145 million and adjusted EBITDA of $11 million to $16 million for 2026, showcasing management's confidence in future growth, particularly in the ongoing expansion of LEO services.
See More
KVH (KVHI) Q4 2025 Earnings Call Transcript
See More
KVH Reports Q4 2025 Financial Results with Revenue Growth
- Financial Highlights: KVH reported a GAAP EPS of $0.02 for Q4 2025, indicating stability despite minimal profitability, showcasing the company's operational resilience in a competitive market.
- Revenue Growth: Total revenues reached $30.52 million in Q4, reflecting a 13.5% year-over-year increase, primarily driven by a surge in service sales, which underscores strong demand and adaptability in the service sector.
- Sequential Improvement: Compared to Q3 2025, revenues increased by $2.1 million, or 7%, indicating effective short-term sales strategies that allow the company to respond swiftly to market dynamics.
- Sales Structure Shift: While service sales rose by $6 million, product sales fell by $2.4 million, highlighting challenges in the product line and emphasizing the critical role of service business for future growth.
See More
KVH Industries to Announce Q4 and FY 2025 Financial Results on March 10, 2026
- Earnings Announcement: KVH Industries will release its financial results for Q4 and FY 2025 on March 10, 2026, reflecting the company's commitment to transparency and investor communication.
- Investor Conference Call: The company will host an investor conference call at 9:00 a.m. ET, led by CEO Brent Bruun and CFO Anthony Pike, enhancing engagement with investors.
- Live Broadcast and Replay: The call will be available for live streaming on the company’s website, with an audio replay accessible for at least two weeks post-call, ensuring investors can access critical information at their convenience.
- Global Business Context: Founded in 1982, KVH Industries has established itself as a global leader in maritime and mobile connectivity, offering a range of connectivity solutions that demonstrate its strong competitive position in the market.
See More
KVH Industries Scheduled to Hold Third Quarter Conference Call on November 6, 2025
Financial Results Announcement: KVH Industries, Inc. will announce its third-quarter financial results for the period ending September 30, 2025, on November 6, 2025, followed by an investor conference call at 9:00 a.m. ET.
Conference Call Details: The call will be hosted by CEO Brent Bruun and CFO Anthony Pike, with a live broadcast available online and an audio replay accessible for two weeks post-call.
Company Overview: KVH Industries, founded in 1982 and based in Middletown, RI, specializes in maritime and mobile connectivity solutions, offering products like TracNet, TracPhone, and TracVision.
Contact Information: For inquiries, investors can reach out to Chris Watson, VP of Marketing/Communications, via phone or email provided in the announcement.
See More
Transcend Appoints New SVP of Marketing to Drive Demand
- Executive Appointment: Transcend has appointed Elizabeth Jackson as Senior Vice President of Marketing, leveraging her extensive experience across SaaS and AdTech to enhance the company's market expansion in the AI era, which is expected to significantly improve customer data decision-making efficiency.
- Growing Market Demand: With Gartner projecting global AI spending to reach $2.5 trillion by 2026, Transcend's strategic investments will further solidify its leadership in enterprise data compliance infrastructure, addressing the increasing market demand.
- Enhanced Innovation Capability: Jackson's successful track record at HookLogic, particularly in creating measurable retail media categories, will bring new market perspectives to Transcend, driving innovation in data governance and customer growth.
- Team Expansion Plans: This appointment reflects Transcend's ongoing investment in go-to-market leadership, as the company is also hiring for multiple marketing and sales positions to support its rapidly growing business needs.
See More
KVH Industries Q4 2025 Earnings Call Highlights
- Service Revenue Growth: KVH Industries reported service revenue of $28.3 million in Q4 2025, marking a 27% increase year-over-year, indicating significant progress in the company's strategic shift towards LEO (Low Earth Orbit) services and enhancing its competitive position in the market.
- Subscriber Base Expansion: The company expanded its installed base by approximately 2,000 vessels, ending the year with over 9,000 vessels under contract, representing a 28% increase, which lays a solid foundation for future recurring revenue growth and reflects strong demand in the maritime communications sector.
- Increased Strategic Investment: The Board raised the share repurchase program from $10 million to $15 million, demonstrating management's confidence in the undervaluation of the company's stock while providing better returns for shareholders.
- 2026 Outlook: The company anticipates revenue between $130 million and $145 million and adjusted EBITDA of $11 million to $16 million for 2026, showcasing management's confidence in future growth, particularly in the ongoing expansion of LEO services.
See More
KVH (KVHI) Q4 2025 Earnings Call Transcript
See More
KVH Reports Q4 2025 Financial Results with Revenue Growth
- Financial Highlights: KVH reported a GAAP EPS of $0.02 for Q4 2025, indicating stability despite minimal profitability, showcasing the company's operational resilience in a competitive market.
- Revenue Growth: Total revenues reached $30.52 million in Q4, reflecting a 13.5% year-over-year increase, primarily driven by a surge in service sales, which underscores strong demand and adaptability in the service sector.
- Sequential Improvement: Compared to Q3 2025, revenues increased by $2.1 million, or 7%, indicating effective short-term sales strategies that allow the company to respond swiftly to market dynamics.
- Sales Structure Shift: While service sales rose by $6 million, product sales fell by $2.4 million, highlighting challenges in the product line and emphasizing the critical role of service business for future growth.
See More
KVH Industries to Announce Q4 and FY 2025 Financial Results on March 10, 2026
- Earnings Announcement: KVH Industries will release its financial results for Q4 and FY 2025 on March 10, 2026, reflecting the company's commitment to transparency and investor communication.
- Investor Conference Call: The company will host an investor conference call at 9:00 a.m. ET, led by CEO Brent Bruun and CFO Anthony Pike, enhancing engagement with investors.
- Live Broadcast and Replay: The call will be available for live streaming on the company’s website, with an audio replay accessible for at least two weeks post-call, ensuring investors can access critical information at their convenience.
- Global Business Context: Founded in 1982, KVH Industries has established itself as a global leader in maritime and mobile connectivity, offering a range of connectivity solutions that demonstrate its strong competitive position in the market.
See More
KVH Industries Scheduled to Hold Third Quarter Conference Call on November 6, 2025
Financial Results Announcement: KVH Industries, Inc. will announce its third-quarter financial results for the period ending September 30, 2025, on November 6, 2025, followed by an investor conference call at 9:00 a.m. ET.
Conference Call Details: The call will be hosted by CEO Brent Bruun and CFO Anthony Pike, with a live broadcast available online and an audio replay accessible for two weeks post-call.
Company Overview: KVH Industries, founded in 1982 and based in Middletown, RI, specializes in maritime and mobile connectivity solutions, offering products like TracNet, TracPhone, and TracVision.
Contact Information: For inquiries, investors can reach out to Chris Watson, VP of Marketing/Communications, via phone or email provided in the announcement.
See More
