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KVH Industries (KVHI)
NASDAQ:KVHI
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.16Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -9.93%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted KVH Industries' strategic shift towards new communication technologies, such as Starlink and OneWeb, and successful cost management strategies. Despite these positive developments, the company faced challenges with declining revenue and airtime margins. The overall sentiment reflects a balanced view, recognizing both strategic advancements and financial challenges.Company Guidance
During the KVH Industries fourth quarter 2024 earnings call, the company provided guidance for 2025, projecting revenue between $115 million and $125 million and an adjusted EBITDA ranging from $9 million to $15 million. The call highlighted the company's strategic shift from focusing solely on VSAT services to embracing a hybrid connectivity model that includes Starlink and OneWeb services. KVH shipped over 1,000 Starlink units in the fourth quarter and ended the year with more than 2,300 active maritime Starlink terminals. The company's efforts to reduce costs were evident, as operating expenses decreased by 10% year-over-year. Additionally, KVH's airtime gross margin was reported at 28.2% for the fourth quarter, with a drop attributed to churn in their GEO-based VSAT network. Going forward, KVH anticipates new revenue sources, such as Starlink, to offset declines in GEO airtime revenue, positioning the company for growth and profitability in 2025.Expansion of Product Offerings
KVH Industries expanded its portfolio to include multi-orbit multichannel solutions, including Starlink and a high-speed cellular solution, marking a significant strategic shift.
Record Terminal Shipments
The company shipped over 1,000 Starlink units and about 200 VSAT terminals in Q4, recording the fourth consecutive quarterly record for terminal shipments.
Starlink Growth
Starlink has become the fastest-growing product line in KVH's history, with over 2,300 active maritime terminals by the end of 2024.
CommBox Edge Success
Demand for CommBox Edge was strong, with Q4 activations doubling from Q3. New features are being rolled out, including integrated cybersecurity tools.
Addition of OneWeb
KVH added OneWeb to its satellite communications service portfolio, signing an agreement with Seaspan to equip its fleet with OneWeb service.
Cost Reduction Achievements
KVH reduced recurring operational expenses by almost 10% for the full year, aligning with the contraction in revenue.
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KVHI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KVHI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $5.74 | $5.37 | -6.45% |
| Nov 07, 2024 | $4.59 | $4.51 | -1.74% |
| Aug 01, 2024 | $4.45 | $4.58 | +2.92% |
| May 06, 2024 | $4.99 | $5.00 | +0.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KVH Industries (KVHI) report earnings?
KVH Industries (KVHI) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is KVH Industries (KVHI) earnings time?
KVH Industries (KVHI) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KVHI EPS forecast?
KVHI EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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