KVH Industries, Inc.

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KVH Industries, Inc. - overview

About

KVH Industries, Inc. provides integrated connectivity solutions for maritime and vehicular applications, specializing in low-latency communications through satellite, cellular, and shore-based technologies. Founded in 1982 in Middletown, US, KVH Industries, Inc. specializes in connectivity solutions for maritime and vehicular industries.

The company's leadership includes CEO Brent Bruun and Martin Van Heyningen. In July 2017, Vintage Capital Management acquired an 8. 8% minority stake in the company, though financial terms were not disclosed. The firm has engaged in three total deals.

KVH Industries, Inc. specializes in integrated connectivity solutions, providing premium global coverage, IoT connectivity, and entertainment content tailored for maritime and vehicular applications. Their core offerings include hybrid connectivity through the KVH ONE® Network, which combines satellite, cellular, and shore-based Wi-Fi technologies to deliver low-latency, high-speed communications for yachts, commercial vessels, and special operations. Notable products include ultra-compact VSAT terminals with varying data speeds, satellite TV systems designed for marine environments, and advanced network management tools.

The company's customer base includes ship operators, yacht owners, and businesses requiring reliable communications at sea, with deployments across regions such as North America, Europe, and Asia-Pacific, catering to both leisure and commercial maritime industries. In the fiscal year 2024, KVH Industries, Inc. reported a revenue of USD 113. 83 mn and an EBITDA of USD 1.

42 mn. Revenue streams are structured around subscription-based models, product sales, and service agreements, engaging clients through monthly subscriptions for connectivity services tied to specific data usage levels or unlimited streaming options. KVH Industries, Inc. plans to enhance its product offerings with new developments aimed at expanding into new markets, particularly targeting growth in North America and Asia-Pacific by the end of 2025.

The proceeds from the 2017 minority stake acquisition will support these initiatives. The company aims to innovate its hybrid connectivity solutions to meet the evolving needs of its maritime customers.

Current Investors

Vintage Capital Management

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Primary Industry

Telecoms

Sub Industries

Media, Cable Service Providers, Internet Service Providers, Telecoms Providers & Services

Website

www.kvh.com

Verticals

Manufacturing

Total Amount Raised

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KVH Industries, Inc. - timeline of key events

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KVH Industries, Inc. - financials

Fiscal Year Ended	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Revenue (USD)	112,535,864	137,112,210	162,288,000	172,591,000	184,634,000	176,122,000	160,088,000	170,761,000	157,893,000	158,733,000	171,767,000	-	-	-
% Revenue Growth (YoY)	-	21.8%	18.4%	6.3%	7.0%	(4.6%)	(9.1%)	6.7%	(7.5%)	0.5%	8.2%	-	-	-
EBITDA (USD)	3,765,839	11,179,539	12,163,000	11,909,000	15,927,000	11,242,000	2,273,000	5,693,000	(9,609,000)	(11,274,000)	(3,345,000)	-	-	-
Operating Income (USD)	(608,330)	6,569,885	6,169,000	1,922,000	3,208,000	(1,322,000)	(8,764,000)	(7,164,000)	(21,096,000)	(22,937,000)	(17,946,000)	-	-	-
Operating Margin	(0.5%)	4.8%	3.8%	1.1%	1.7%	(0.8%)	(5.5%)	(4.2%)	(13.4%)	(14.5%)	(10.4%)	-	-	-
% EBITDA Margin	3.3%	8.2%	7.5%	6.9%	8.6%	6.4%	1.4%	3.3%	(6.1%)	(7.1%)	(1.9%)	-	-	-
NET Income (USD)	859,649	3,580,615	4,533,000	41,000	2,253,000	(7,517,000)	(11,034,000)	(8,232,000)	33,255,000	(21,940,000)	(9,763,000)	-	-	-
% Net Margin	0.8%	2.6%	2.8%	0.0%	1.2%	(4.3%)	(6.9%)	(4.8%)	21.1%	(13.8%)	(5.7%)	-	-	-

KVH Industries, Inc. - deals

Deals Type	Deal Status	Target (s)	Deal Date
N/A	Completed	50 Enterprise Drive	-
Secondary Buyout	Completed	Seagull Maritime AS	-
Buyout	Completed	Videotel	-
PIPE, Trade Sale	Completed	KVH Industries, Inc.	-
Trade Sale	Completed	Headland Media	-

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KVH Industries, Inc. - employee data

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