KVH Industries (KVHI) AI Stock Analysis

• Market Cap: $115.29M
• Dividend Yield: N/A
• Average Volume (3M): 54.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: -9.26%
• EPS Growth: 36.90%
• Country: US
• Employees: 247
• Sector: Communication Services
• Sector Strength: 97
• Industry: Communication Equipment
• EPS (TTM): -0.36
• Shares Outstanding: 19,573,252
• 10 Day Avg. Volume: 30,635
• 30 Day Avg. Volume: 54,028
• PEG Ratio: 0.34
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.97
• P/FCF Ratio: -5.37
• Enterprise Value/Market Cap: 0.35
• Enterprise Value/Revenue: 0.37
• Enterprise Value/Gross Profit: 1.57
• Enterprise Value/Ebitda: -16.77
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.01
• Revenue Forecast (FY): $109.90M

• Rating: 49 Neutral
• Price Target: $5.50 ▼(-7.56% Downside)

KVH Industries' overall stock score is primarily impacted by its financial performance, which is hindered by negative profitability and cash flow challenges. Technical analysis suggests a neutral to bearish trend, while valuation metrics are unattractive due to a negative P/E ratio. Despite positive developments in the earnings call, these factors significantly weigh down the overall score.

Positive Factors

Subscriber Growth

The significant increase in vessel subscribers indicates strong demand for KVH's services, enhancing its recurring revenue base and market position in maritime communications.

Service Revenue Growth

The growth in service revenue reflects KVH's ability to expand its customer base and increase sales, supporting long-term revenue stability and business model strength.

Strategic Acquisitions

The acquisition expands KVH's market reach in the Asia Pacific, potentially increasing revenue streams and enhancing competitive positioning in a key growth region.

Negative Factors

Product Gross Profit Decline

The decline in product gross profit, driven by inventory write-downs, signals challenges in managing product costs and demand, impacting overall profitability.

Decreased Airtime Gross Margin

The reduction in airtime gross margin suggests pressure on pricing and cost efficiency, which could affect long-term profitability if not addressed.

Negative Cash Flow

Persistent negative cash flow indicates challenges in generating sufficient cash from operations, potentially limiting investment capacity and financial flexibility.

KVH Industries Business Overview & Revenue Model

Company Description

KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services. It also offers airtime plans that enable customers to obtain Internet and voice services; and value-added, and news and radio content services to retail customers. In addition, the company provides navigation, guidance, and stabilization products for the commercial and defense markets comprising precision fiber optic gyro-based systems; tactical navigation systems for tactical trucks and light armored vehicles; and commercial products, such as navigation and positioning systems for various applications consisting of precision mapping, dynamic surveying, autonomous vehicles, train location control and track geometry measurement systems, industrial robotics, and optical stabilization applications. Further, it offers content, maritime news, sporting content, and television programming delivery services; movie distribution services; and services and support for the mini-VSAT Broadband solution, as well as IoT connectivity as a service. The company sells its mobile communications products through a network of independent retailers, chain stores, distributors, and service providers, as well as to manufacturers of vessels, maritime equipment, and vehicles; and navigation products directly to the United States and foreign governments, and government contractors, as well as through authorized independent sales representatives. It also sells and leases its products directly to end users. KVH Industries, Inc. was founded in 1978 and is headquartered in Middletown, Rhode Island

How the Company Makes Money

KVH Industries generates revenue through multiple streams, primarily from the sale of satellite communications hardware, subscription services for satellite data connectivity, and sales of inertial navigation systems. The company offers products like its TracPhone satellite antennas, which are sold along with monthly service plans for data and voice communications to maritime customers. Additionally, KVHI's mobile broadband services, such as the mini-VSAT Broadband service, provide ongoing subscription revenue. The company also partners with various maritime and automotive companies, enhancing its market reach and driving sales through integrated solutions and services. Furthermore, KVH's focus on research and development helps maintain a competitive edge, ensuring that they meet the evolving demands of their markets.

KVH Industries Financial Statement Overview

Summary

KVH Industries faces significant profitability issues with declining revenues and negative margins. The balance sheet remains strong with low leverage, but cash flow challenges could impede future growth. Continued financial restructuring may be needed to improve operational efficiency and cash generation.

Income Statement

The company has faced consistent revenue declines and negative profitability. Net profit margin is negative, indicating losses. Though gross profit margin remains high, EBIT and EBITDA margins are negative, reflecting operational challenges.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio, indicating financial stability. However, declining total assets and stockholders' equity over recent years could signal potential challenges ahead.

Cash Flow

Operating cash flow has been negative in recent years, impacting free cash flow. The company shows an ability to generate cash through investing activities, but overall cash flow remains a concern due to negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	107.41M	113.83M	132.38M	138.75M	133.91M	158.73M
Gross Profit	25.61M	35.22M	37.87M	52.50M	45.82M	57.61M
EBITDA	-2.40M	2.67M	-1.67M	9.96M	3.00M	-10.09M
Net Income	-12.02M	-11.05M	-15.42M	24.03M	-9.76M	-21.94M
Balance Sheet
Total Assets	150.28M	155.08M	172.63M	196.25M	168.79M	183.59M
Cash, Cash Equivalents and Short-Term Investments	72.80M	50.57M	69.77M	76.74M	24.52M	37.72M
Total Debt	4.61M	1.23M	1.07M	2.17M	3.14M	13.96M
Total Liabilities	19.23M	16.46M	25.26M	37.82M	39.82M	51.71M
Stockholders Equity	131.05M	138.63M	147.37M	158.44M	128.98M	131.88M
Cash Flow
Free Cash Flow	8.16M	-20.59M	-9.40M	-5.55M	-15.89M	-17.22M
Operating Cash Flow	14.12M	-13.17M	2.53M	8.89M	2.91M	-3.08M
Investing Cash Flow	45.64M	52.39M	-14.71M	375.00K	-6.71M	-9.29M
Financing Cash Flow	-1.31M	110.00K	2.34M	708.00K	2.65M	7.13M

KVH Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KVHI, the sentiment is Positive. The current price of 5.95 is above the 20-day moving average (MA) of 5.78, above the 50-day MA of 5.74, and above the 200-day MA of 5.46, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 53.20 is Neutral, neither overbought nor oversold. The STOCH value of 29.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KVHI.

KVH Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SILC	57 Neutral	$91.37M	-6.89	-10.53%	―	-4.61%	63.88%
OCC	54 Neutral	$71.14M	―	-5.41%	―	12.67%	80.62%
KVHI	49 Neutral	$115.29M	―	-8.78%	―	-9.26%	36.90%
CMTL	48 Neutral	$93.04M	-0.47	-26.69%	―	-7.56%	-47.16%
MOB	45 Neutral	$33.19M	-7.02	-99.91%	―	-17.34%	7.38%

KVH Industries Corporate Events

KVH Industries Reports Mixed Q3 2025 Results

KVH Industries, Inc. is a global leader in maritime and mobile connectivity, providing solutions for commercial maritime, leisure marine, military/government, and land mobile applications. The company is known for its TracNet, TracPhone, and TracVision product lines, among others.

KVH Industries’ Earnings Call: Growth Amid Challenges

KVH Industries’ recent earnings call highlighted a mixed sentiment, with notable achievements in subscriber growth and service revenue, tempered by challenges in product gross profit and airtime margins. The company’s strategic moves, including acquisitions and asset sales, underscore its commitment to growth, despite facing some financial hurdles.

KVH Industries Acquires Asia-Pacific Satellite Assets

On October 8, 2025, KVH Industries, Inc. acquired assets from a satellite services provider in the Asia-Pacific region for approximately $3.1 million, aiming to enhance its maritime satellite communications distribution capabilities and customer base. The acquisition is expected to improve the company’s gross margin and earnings, with employment offers made to ten employees of the seller and transition arrangements in place to ensure a smooth transfer of assets. However, the success of the acquisition depends on obtaining necessary consents for agreement transfers, with potential subcontracting arrangements if consents are not secured.

The most recent analyst rating on (KVHI) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on KVH Industries stock, see the KVHI Stock Forecast page.