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KVH Industries (KVHI)
NASDAQ:KVHI
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.04Last Year’s EPS
-$0.63Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 17.65%
|Next Earnings Date:Feb 28, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights KVH's strategic shift towards new markets and technologies, such as the increased deployment of Starlink terminals and expansion into land-based services. However, the company faces challenges with declining revenue, satellite disruptions, and reduced government contracts. Despite these challenges, the company shows positive momentum in cost management and product innovation.Company Guidance
During the KVH Industries Q3 2024 earnings call, the company provided guidance narrowing its full-year revenue expectations to a range of $114 million to $117 million and adjusted EBITDA between $8.5 million and $11.5 million. These adjustments were attributed to the U.S. Coast Guard's contractual reductions and persistent pressure on Average Revenue Per User (ARPU), despite stronger-than-expected margins. The call outlined a robust pipeline for service activations, driven by the increasing number of subscribing vessels and the successful integration of Starlink services. The company also reported a 36.5% airtime gross margin for Q3, an improvement from the prior quarter's 36.0%, mainly due to strong margins from Low Earth Orbit (LEO) airtime following a bulk data distribution agreement with Starlink. Total subscribing vessels increased by approximately 2% from the previous quarter, and KVH's capital expenditures for Q3 were $1.5 million, resulting in adjusted EBITDA less CapEx of $1.4 million.Substantial Increase in Starlink Terminals
KVH shipped a record number of communication antennas for the third consecutive quarter, driven by a substantial increase in Starlink terminals and continued demand for VSAT units.
Positive Airtime Margin Growth
Airtime gross margin increased to 36.5% from 36.0% in the prior quarter, driven by strong margins from LEO airtime after signing a bulk data distribution agreement with Starlink.
Expansion into Land-Based Markets
KVH commenced Starlink's high-speed, low latency data service for land-based applications in the United States, Colombia, and Argentina, expanding beyond the maritime market.
Introduction of New Services
KVH introduced MAILlink+, a maritime email connectivity platform, and expanded delivery options for the KVH Link service with new over-the-air delivery options.
Operational Cost Reduction
Q3 operating expenses, excluding impairment charges, were down $0.8 million or 8% from the prior quarter and $1.8 million or 14% from the first quarter of 2024.
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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 |
|---|---|---|---|
| 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% |
| Mar 15, 2024 | $4.55 | $4.67 | +2.64% |
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 Feb 28, 2025, TBA Not Confirmed.
What is KVH Industries (KVHI) earnings time?
KVH Industries (KVHI) earnings time is at Feb 28, 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 2024 (Q4) is -$0.04.
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