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KVH Industries Inc (KVHI) provides cutting-edge satellite communications and connectivity solutions for maritime, land, and air applications worldwide. This page serves as the definitive source for all official company announcements, offering investors and industry professionals timely access to strategic developments.
Track critical updates including earnings reports, product launches, and technology partnerships that shape KVHI's role in mobile broadband, defense navigation, and hybrid satellite networks. Our curated feed ensures you stay informed about innovations like LEO integration and global service expansions.
Discover press releases covering KVHI's maritime connectivity solutions, inertial navigation systems, and media content licensing. All content is sourced directly from the company to maintain accuracy and compliance with financial disclosure standards.
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KVH Industries (NASDAQ: KVHI) reported its Q4 and full-year 2024 results, showing a 14% decrease in total revenues to $26.9 million in Q4 2024 compared to $31.5 million in Q4 2023. The company posted a Q4 net loss of $4.3 million ($0.22 per share), an improvement from the $12.2 million loss ($0.63 per share) in Q4 2023.
Notable highlights include:
- Airtime revenue declined 20% to $20.8 million in Q4
- Non-GAAP adjusted EBITDA was $0.5 million, down from $2.3 million
- Shipped over 1,000 Starlink terminals in Q4
- Achieved 2,300 Starlink activations in 2024
For 2025, KVH projects revenue between $115-125 million and adjusted EBITDA of $9-15 million. The company's subscriber base increased by 4% in Q4, with CommBox Edge activations doubling and achieving a fourth consecutive quarter of record terminal shipments.
KVH Industries (Nasdaq: KVHI) has scheduled its fourth quarter and fiscal year 2024 financial results announcement for Thursday, March 6, 2025. The company will host an investor conference call at 9:00 a.m. ET on the same day.
The conference call will be led by CEO Brent Bruun and CFO Anthony Pike. Investors can access a live broadcast of the call through investors.kvh.com. An audio replay will be available on the website for a minimum of two weeks, accessible three hours after the call concludes.
Stakeholders interested in submitting questions during or after the call can do so by emailing IR@kvh.com.
Comtech Telecommunications Corp (NASDAQ: CMTL) has appointed David B. Kagan as an independent director to its Board of Directors, effective February 13, 2025. Kagan brings over 35 years of experience in satellite communications leadership, most recently serving as CEO of Globalstar where he achieved significant top and bottom line improvements and expanded services to satellite IoT and direct-to-device satellite capability.
Prior to Globalstar, Kagan held leadership positions at ITC Global, Globe Wireless, and Spacenet. Ken Traub, Chairman, President and CEO of Comtech, highlighted Kagan's deep satellite industry experience and strength in capital markets, turnarounds, and strategic transactions as valuable assets for Comtech's ongoing comprehensive transformation.
KVH Industries (NASDAQ: KVHI) has announced two significant developments: First, the company has entered into purchase and sale agreements for its Rhode Island properties for a combined value of $13 million ($8.5 million for 75 Enterprise Center and $4.5 million for 50 Enterprise Center), expected to generate approximately $12 million net of transaction costs. Second, the Board has authorized a share repurchase program of up to $10 million.
The sale of 75 Enterprise Center to Knight Capital includes a lease-back arrangement allowing KVH to remain as tenant for 6-9 months while completing manufacturing wind-down and relocating headquarters. The 50 Enterprise Center property will be sold to Seacorp's subsidiary. Both transactions are subject to customary closing conditions.
KVH Industries announced that Seaspan , a leading containership lessor, has agreed to equip its fleet with OneWeb's low earth orbit (LEO) satellite solution. This implementation aims to provide shore-like Internet connectivity at sea, supporting Seaspan's digital transformation strategy.
As the first major container ship owner/operator to partner with KVH for OneWeb, Seaspan's deployment will strengthen their fleet's data connectivity infrastructure, enabling advanced technologies and high bandwidth-demanding applications like cloud-based SaaS solutions. The partnership focuses on enhancing efficiency, safety, and seafarer welfare while improving provider diversity and reducing geographical blackout zones.
KVH Industries and Vroon have completed deploying Starlink/VSAT hybrid connectivity across 58 Vroon vessels. The system combines new Starlink Flat High Performance Terminals with existing KVH TracPhone V7-HTS VSAT terminals and Iridium Certus units. The implementation is part of Vroon's KVH AgilePlans subscription.
The hybrid solution integrates Starlink's speed and low latency with KVH's global VSAT network through the KVH ONE network, which combines GEO-based VSAT, LEO services, global 5G/LTE services, L-band, and shore-based Wi-Fi. The upgrade aims to enhance crew welfare by providing reliable, high-speed internet access while improving vessel operations efficiency.
KVH Industries has launched TracNet Coastal and TracNet Coastal Pro, new marine-grade cellular/Wi-Fi terminals. These systems offer connectivity in 135 countries using KVH Fusion eSIM technology, delivering cellular speeds up to 300 Mbps and data costs as low as $1 per gigabyte. The terminals feature intelligent hybrid switching between cellular and Wi-Fi networks, with the Pro version supporting additional WAN connections like Starlink and OneWeb. Both systems use a single-cable design and include high-gain 5G/LTE antennas with a Wi-Fi bridge in a compact radome.
KVH Industries (KVHI) reported Q3 2024 financial results with total revenues decreasing 13% to $29.0 million from $33.2 million in Q3 2023. Airtime revenue declined 17% to $22.8 million. The company recorded a net loss of $1.2 million, or $0.06 per share, compared to a net loss of $4.4 million in Q3 2023. Non-GAAP adjusted EBITDA was $2.9 million, down from $4.4 million. The company took $1.1 million in non-cash impairment charges related to plans to sell a warehouse building. Despite challenges, KVH reported increased hybrid LEO/GEO deployments and record communication antenna shipments for the third consecutive quarter.
KVH Industries (Nasdaq: KVHI) has scheduled its third quarter 2024 financial results announcement for Thursday, November 7, 2024. The company will host an investor conference call at 9:00 a.m. ET, led by CEO Brent Bruun and CFO Anthony Pike.
Investors can access a live broadcast of the call at investors.kvh.com. An audio replay will be available on the same website for two weeks, accessible three hours after the call ends. Questions can be submitted during or after the call via IR@kvh.com.
KVH Industries has completed a major connectivity upgrade for Pacific Basin Shipping, covering more than 75 vessels. The upgrade, under an agreement signed in July 2024, includes KVH TracPhone V7-HTS terminals, new Starlink Flat High Performance terminals, and KVH's CommBox Edge Communications Gateway. The vessels now utilize the KVH ONE multi-orbit network, incorporating Low Earth Orbit service via Starlink. The system provides connection speeds up to 10/2 Mbps through KVH's Ku-band service and additional high-speed connectivity through Starlink, managed by CommBox Edge for intelligent hybrid switching and network management.
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