Vroon and KVH Complete Deployment of Starlink/VSAT Hybrid Connectivity on 58 Vessels
KVH and Vroon Partnership: KVH Industries has successfully deployed a hybrid Starlink/VSAT connectivity solution on 58 vessels of international shipping leader Vroon, enhancing internet access for crews at sea and improving vessel operations.
Advanced Connectivity Solutions: The integration combines Starlink's speed and low latency with KVH's existing global VSAT network, supported by the KVH ONE network, which offers comprehensive maritime connectivity services.
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- 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.
- 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.
- 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.
- 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.

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.






