KVH Industries (KVHI) AI Stock Analysis

• Market Cap: $132.90M
• Dividend Yield: N/A
• Average Volume (3M): 86.11K
• 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: 167,146
• 30 Day Avg. Volume: 86,115
• 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: 0.30
• 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: 58 Neutral
• Price Target: $7.00 ▲(17.65% Upside)

KVH Industries' stock score is driven by a mix of strong technical momentum and positive earnings call highlights, offset by poor financial performance and valuation concerns. The company's strategic moves in expanding its subscriber base and service revenue are promising, but profitability and cash flow issues remain significant risks.

Positive Factors

Subscriber Growth

The growth in vessel subscribers indicates strong demand for KVH's services, enhancing recurring revenue streams and market position in maritime communications.

Service Revenue Increase

The increase in service revenue reflects successful strategic initiatives and strengthens the company's financial stability through enhanced cash flow.

Strategic Acquisition

The acquisition expands KVH's customer base and geographic reach, potentially improving margins and supporting long-term revenue growth.

Negative Factors

Product Gross Profit Decline

The decline in product gross profit due to inventory write-downs and reduced demand may impact profitability and necessitate cost management strategies.

Decreased Airtime Margins

Falling airtime margins could pressure overall profitability, requiring strategic adjustments to maintain competitive pricing and cost efficiency.

Price Reductions Impact

Price reductions, while potentially boosting sales volume, have negatively impacted margins, challenging the company's ability to sustain profitability.

KVH Industries Business Overview & Revenue Model

Company Description

KVH Industries, Inc. is a global leader in mobile communication and inertial navigation systems. Operating primarily in the maritime, automotive, and aerospace sectors, KVHI develops and delivers innovative satellite communications solutions, including satellite antennas and connectivity services. The company is also known for its high-performance fiber optic gyros and positioning systems that enhance navigation and motion sensing for various applications.

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 below the 20-day moving average (MA) of 6.49, below the 50-day MA of 6.04, and above the 200-day MA of 5.53, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 61.19 is Neutral, neither overbought nor oversold. The STOCH value of 48.54 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%
KVHI	58 Neutral	$132.90M	-11.18	-8.78%	―	-9.26%	36.90%
SILC	57 Neutral	$76.96M	-5.82	-10.53%	―	-4.61%	63.88%
MOB	45 Neutral	$69.28M	-2,119.35	-99.36%	―	-17.72%	8.82%
CMTL	44 Neutral	$115.26M	-1.91	-7.88%	―	-1.89%	76.61%
OCC	42 Neutral	$41.16M	-23.41	-6.86%	―	9.55%	65.17%

KVH Industries Corporate Events

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.