Welcome to our dedicated page for Kvh Inds news (Ticker: KVHI), a resource for investors and traders seeking the latest updates and insights on Kvh Inds stock.
KVH Industries, Inc. (NASDAQ: KVHI) is a Middletown, Rhode Island-based provider of maritime and mobile connectivity via the KVH ONE network. The company regularly issues earnings releases, operational updates, and product announcements that are relevant for investors and industry observers following KVHI stock and the maritime communications sector.
On this news page, readers can find coverage of quarterly and annual financial results, including details on service revenues, product revenues, airtime trends, and subscribing vessel counts. KVH’s recent reports discuss its transition toward multi-orbit, low earth orbit (LEO)-focused services, integration of Starlink and OneWeb into its offerings, and changes in VSAT airtime revenue. These updates provide insight into how the company’s strategic shift is affecting its revenue mix and subscriber growth.
News items also highlight product launches and technology developments, such as the introduction of CommBox Edge Secure Suite for cybersecurity threat detection and response, new TracNet Coastal 5G/Wi-Fi terminals, and enhancements to the CommBox Edge Communications Gateway. In addition, KVH announces commercial milestones and partnerships, including distribution agreements for crew wellbeing content and acquisitions of customer and vendor agreements in regions like Asia-Pacific.
Investors can also follow conference call announcements for upcoming earnings releases, along with access details for live webcasts and replays. By reviewing this stream of company-generated news, users can track how KVH is positioning itself in maritime connectivity, how its LEO and GEO services are evolving, and how operational decisions, restructuring efforts, and property transactions are reflected in its reported results over time.
KVH Industries has announced a partnership with ScanReach to deliver end-to-end wireless connectivity and advanced data analytics for the maritime industry. This collaboration will enable data from onboard sensors to transmit wirelessly through steel vessels, optimizing vessel performance and safety. KVH Watch Cloud Connect integrates with ScanReach's technology to facilitate real-time data analysis. With comprehensive IoT solutions, KVH aims to improve operational efficiency while reducing capital expenses for shipowners through its Connectivity as a Service model.
KVH Industries, a leader in mobile connectivity, is set to participate in the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 1:15 p.m. ET. The CEO, Martin Kits van Heyningen, and CFO, Roger Kuebel, will present, and the event will be available for streaming on KVH's investor website. An archive of the presentation will be accessible later that day. KVH, headquartered in Middletown, RI, specializes in maritime VSAT and integrated inertial systems, supporting both defense and commercial sectors.
KVH Industries has partnered with Navis Engineering to offer KVH Watch services, enhancing remote monitoring for dynamic positioning (DP) systems in the maritime industry. This collaboration aims to deliver real-time monitoring solutions, addressing vital needs in oil, gas, and renewables markets. With the expansion of KVH Watch Cloud Connect, users will benefit from streamlined data management and enhanced cybersecurity protocols. The transition towards autonomous vessels emphasizes the importance of such technologies in meeting future maritime demands.
KVH Industries has announced the launch of satellite connectivity services in India, enabling vessels to use its connectivity while operating in Indian territorial waters beginning early 2022. This initiative, supported by Station Satcom, will enhance maritime communication and support the ongoing digitalization of the industry. The services utilize the Intelsat FlexMaritime network, offering data speeds up to 20/3 Mbps. KVH’s subscription model, AgilePlans, provides comprehensive maritime satellite communications solutions, including high-speed connectivity and cybersecurity protection.
KVH Industries (Nasdaq: KVHI) reported a 5% increase in total revenues for Q3 2021, reaching $43.0 million, compared to $41.1 million in Q3 2020. Revenue from the AgilePlans program surged over 54%, representing 47% of the mini-VSAT Broadband subscriber base. Net income was $4.0 million ($0.22 per share), rebounding from a net loss of $0.5 million last year. However, inertial navigation product sales declined 11% due to supply chain issues, impacting shipment volumes. Overall, KVH expects full-year revenue growth in the high single digits.
KVH Industries, Inc. has expanded its maritime IoT solutions with the launch of Cloud Connect, a new service that leverages advanced edge computing for efficient data management. Available for order now, the service will ship on November 30, 2021. Cloud Connect integrates data from onboard sensors, offering real-time analysis and operational insights for vessel owners and operators. This offering is part of the KVH Watch suite, which aims to enhance smart shipping through improved connectivity and data utilization for maritime stakeholders.
KVH Industries (Nasdaq: KVHI) will announce its third-quarter financial results on November 4, 2021, following the period ending September 30, 2021. An investor conference call will take place at 9:00 a.m. ET, hosted by CEO Martin Kits van Heyningen and CFO Roger Kuebel. A live broadcast will be accessible at investors.kvh.com, with an audio replay available for two weeks post-call. KVH, a leader in mobile connectivity and inertial navigation systems, was founded in 1982 and is headquartered in Middletown, RI.
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KVH Industries has partnered with A.M. Nomikos for the deployment of its AgilePlans VSAT connectivity on three vessels, enhancing both crew welfare and operational efficiency. The installations include TracPhone V7-HTS antennas, which deliver high-speed data, enabling up to 10 Mbps down and 3 Mbps up. The AgilePlans model offers comprehensive maritime satellite services without high capital costs, ensuring seamless connectivity and maintenance. KVH’s network employs Intelsat’s FlexMaritime for robust global coverage, affirming KVH's commitment to supporting maritime operations.
KVH Industries announces the expansion of its AgilePlans program with Briese Schiffahrt, growing their fleet from 5 to 38 vessels. The program facilitates a cost-effective monthly subscription for satellite services, promoting flexibility and ease of use. This service supports critical operations and crew communications, with vessels equipped with advanced TracPhone systems providing high-speed internet. Notably, plans for future vessels highlight ongoing demand, while the NEWSlink service enhances crew welfare by providing access to international news.