KVH Industries Company profile
About KVH Industries, Inc.
KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land markets, and inertial navigation products for both the defense and commercial markets. The Company operates through two segments: the mobile connectivity segment and the inertial navigation segment. The mobile connectivity segment offers satellite communications products and services. The mobile connectivity products enable customers to receive voice and internet services and live digital television via satellite services in marine vessels, recreational vehicles, buses, and automobiles. It also provides monthly fixed and usage-based fees, satellite connectivity services, including broadband Internet, data, and Voice over Internet Protocol (VoIP) services, to its mini-VSAT Broadband customers. The inertial navigation segment offers fiber optic gyro (FOG)-based systems that enable platform and optical stabilization, navigation, pointing, and guidance.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, KVH Industries, Inc. revenues increased 8% to $171.8M. Net loss decreased 56% to $9.8M. Revenues reflect Mobile connectivity segment increase of 12% to $133.9M. Lower net loss reflects Mobile connectivity segment income totaling $2.7M vs. loss of $10.1M. Basic Earnings per Share excluding Extraordinary Items increased from -$1.24 to -$0.54.
Equity composition
Common Stock $.01 Par, 04/11, 20M auth., 15,890,083 issd., less 1,201,324 Shs. in Treas @ $9.5M. Insiders own 12.39%. IPO 4/96, 2,100,000 shares (3K by the Company) @ $6.50 by Robertson, Stephens & Co.12/00, priv.plcmnt., 800,000 shares @ $6.25 per share.
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