SI
SI
discoversearch

   Technology StocksKVH Industries, Inc.


Previous 10 Next 10 
To: david james who wrote ()2/3/1999 8:31:00 AM
From: Roy F
   of 6936
 
Earnings report on 2/25 after the close. <eom>

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Roy F who wrote (255)2/12/1999 9:34:00 AM
From: Roy F
   of 6936
 
Marriage of KVH's TracVision and GyroTrac Promises to Set Standard for Stable TV at Sea

February 12, 1999 09:06 AM
MIDDLETOWN, R.I.--(BUSINESS WIRE)--Feb. 12, 1999--KVH Industries, Inc. KVHI has brought together its best-selling stabilized antenna and its most-advanced marine gyro sensor to produce an ultra-quiet mobile TV system that is the smallest in the industry. TracVision(R) 3 is the offspring of a match between two NMEA award-winning KVH designs, TracVision II and the company's Azimuth(R) Digital Gyro Compass system.

Of several new features, the most important is the integration of Azimuth(R) GyroTrac(TM), an earth-referenced gyro sensor that permits TracVision 3 to acquire and reacquire satellite signals even in heavy sea conditions. KVH recently introduced GyroTrac as the successor to the company's Azimuth Digital Gyro Compass, which the National Marine Electronics Association (NMEA) named the Best Gyro Compass of 1998. As a result of its software compatibility with NMEA standard outputs, GyroTrac can interface with virtually all other on-board navigation systems, including autopilots and radar, in addition to providing the earth-referenced attitude and azimuth data required to point the TracVision 3 antenna accurately. GyroTrac also interfaces with GPS to calculate True North.

"TracVision 3 represents the merger of two core KVH technologies, gyro sensors and unique robotic pointing mechanisms, where our innovation consistently leads to significant advances in marine satellite broadcast and communication products," said Martin Kits van Heyningen, president and CEO. "We believe that the features and quality built into this newest member of our communications family establishes an industry standard and that the navigation enhancement will make it even more popular than TracVision II."

TracVision II has been the most popular in-motion satellite television system ever in the marine market. During its first year on the market it earned the prestigious 1998 NMEA Product Award for Best Satellite Television System. Like its predecessor, TracVision 3 features a 19" diameter dome, the smallest in the market, and is completely compatible with DIRECTV(R), the DISH(TM) Network, and all leading brands of receivers for DBS signal reception off the shores of North America. Dual LNB outputs allow users to watch as many different channels as they have receivers and also to access, through either a TV or computer, broadcast services for weather information, financial data and news.

TracVision 3's new Whisper Drive(TM) provides quiet, reliable performance in all sea conditions and a unique digital data link with the satellite signal receiver provides automatic satellite tracking. An LCD user interface allows mariners to monitor signal status based on feedback from the direct broadcast satellite (DBS) receiver unit as well as the robotic pedestal.

KVH offers a version of TracVision 3 that is designed for moderate sea conditions and uses an integrated rate gyro to track antenna movement in lieu of the external GyroTrac unit that can maintain satellite contact in virtually any open-water environment. The integrated gyro system provides the same DBS services as TracVision 3 with GyroTrac, and is designed to be fully compatible with GyroTrac so an upgrade to the any-weather, all-conditions system can be made at the user's discretion. An established, widespread network of dealers supports both TracVision 3 systems and KVH offers the best warranty in the industry.

KVH Industries, Inc. manufactures and markets digital navigation systems and mobile satellite communication products for use in commercial, military and marine applications. The company's headquarters are in Middletown, Rhode Island, and its other offices are in Hoersholm, Denmark, Tinley Park, Illinois, and St. Petersburg, Florida.





Share RecommendKeepReplyMark as Last Read


To: david james who wrote ()2/25/1999 4:15:00 PM
From: Roy F
   of 6936
 
KVH Announces 1998 Financial Results

February 25, 1999 04:05 PM
MIDDLETOWN, R.I.--(BUSINESS WIRE)--Feb. 25, 1999--KVH Industries, Inc. KVHI today announced financial results for the company's fourth quarter and fiscal year ending December 31, 1998. During the 1998 fourth quarter, a 14 percent growth in communications sales was offset by a 42 percent decline in navigation sales and total quarterly revenues of $4.7 million were down 31 percent from $6.9 million in the 1997 fourth quarter. The net loss for the quarter was $1.4 million or 19 cents a share compared to a profit of $191,000 or 3 cents a share in the 1997 quarter.

Total revenues for fiscal 1998 were $20.6 million, a 19 percent decrease from $25.6 million in 1997. Communications sales increased 27 percent in 1998 to $6.6 million over $5.2 million in 1997 as growth in direct sales of turnkey mobile satellite systems continued to supplant previous non-recurring OEM sales. This growth is particularly notable because 1998 is the first full year of direct sales to this market and the company's 1997 communications revenues included $3.0 million in sales to American Mobile Satellite Corporation, a major OEM customer. Navigation sales for the 12 months decreased 31 percent in 1998 to $14.0 million from $20.3 million in 1997. The drop in navigation revenues is attributable to a decline in military orders. Net loss for fiscal 1998 of $2.3 million or 32 cents a share compared with a profit of $2.2 million or 30 cents a share in 1997.

"We are experiencing a short-term, adverse impact on our financial results due to a number of constructive changes instituted in 1998 to build long-term market share for both our current and new products," said Martin Kits van Heyningen, president and CEO. "However, I am pleased to report that we already have significant improvements from our re-engineering, including operations improvements and new products with good revenue potential."

The company is investing major funds to integrate fiber optic technology into existing product lines, develop new FOG products and expand FOG manufacturing capabilities. Fiber optic development is a key element in the company's new strategy and the ongoing investment is designed to position KVH long term for competing in the core markets where its sensor products compete. The company believes that fiber optic-based product revenues will begin to accelerate in late 1999 and contribute to improving earnings results.

KVH Industries utilizes its proprietary fiber optic, autocalibration and sensor technologies to produce navigation and mobile satellite communications systems for commercial, military and marine applications. The company has headquarters in Middletown, RI, (USA) with offices in Illinois, Florida and Denmark.


This press release contains certain forward looking statements that involve risks and uncertainties. The actual results realized by the Company could differ materially from the statements made herein. Factors that might cause such differences include, but are not limited to: competing products and technologies; implementation of mobile satellite communications technology; market potential and penetration; reliability of outside vendors, service providers and products; regulatory issues; maintaining appropriate inventory levels; disparities between forecast and realized sales; and design delays and defects. Additional factors are discussed in the company's Annual Report on Form 10K filed with the Securities and Exchange Commission on March 25, 1998. Copies are available from the company's Corporate Communications Department.


Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Roy F who wrote (257)3/5/1999 9:11:00 AM
From: robert b furman
   of 6936
 
Hi Roy,

Big volume several days ago and my T.C. Worden software shows Kvhi on a huge reversal.Shows that perhaps the seller has left and some buying pressure will drive price higher.This may be the bottom and we are due for a pop.

Thanks for good info on this neat stock

Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: robert b furman who wrote (258)3/11/1999 7:09:00 PM
From: Roy F
   of 6936
 
An up tick!

Hi Bob,

I have received a tape of the conference call for last quarter's earnings announcement. I'll post a summary in the next few days. An e-mail from Alice Andrews at KVH IR in response to my question as to whether she had anything she'd like to add to the information on the tape:

The only additional comment I might make is that TracVision LM
orders
are significantly exceeding our expectations for first-quarter
sales
of this new product, and we are increasing production. Also, we
are
receiving reports from beta users that LM performance is exceeding
their expectations.


Sounds encouraging. I guess whoever was selling might be finished for the time being. Time will tell.

Roy

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Roy F who wrote (259)3/13/1999 4:11:00 PM
From: Roy F
   of 6936
 
KVHI Conference Call summary

New strategy implemented in FY 98 – cost efficient re-focus on growth. Faster product development due to re-engineering. Short term financial pain is the result of long term strategy and short term decline in military orders.

R & D investment allowed product development time to be cut in half. Six new products provided 50% of 98 revenues. More new products to be introduced in 99.

Tracvision LM – for land mobile market. Developed on schedule and under budget. Began shipping 2/99. Initial sales far exceeding expectations. Targets RV, SUV, buses, etc. 40% cheaper than only other competing product.

Tracvision III – marine antenna that allows simultaneous reception of TV and data. See opportunity to work with companies like Teledesic and Skybridge in development of the end user antenna system for low orbit satellite reception.

TACNAV Lite – received a $5 mm upgrade to light military vehicles. Sees opportunity in precision navigation for military support vehicles. Developed in 6 months. Being tested in Taskforce 21 (Digital Battlefield)

TFOG Navigator .. received 750K development grant. No GPS jamming, ideal for heavy armored vehicles. Quantum leap in targeting accuracy.

The core satellite business is already growing rapidly. This is the basis for solid operating results going forward. Previously, growth was masked by declining military and OEM sales. This year they expect to see the full benefit of marketing and product development investment.

Able to supply military with tactical navigation systems for all land based applications.

New technology revolutionizes core navigation business – in demand from major OEM customers for various applications.

$3mm mortgage financing @ 7%.. also, $1mm in cash on hand – enough for all of 99. Cost of goods should decline, but sales and marketing expenses should increase. No significant revenues from FOG products for next 9-12 months. (Q & A they indicate they are being very conservative on their estimates for FOG products to make their plan easily achievable).

Q & A: Tracvision LM market. Suburbans and minivans showing interest in backseat video. Market is larger than marine market and initial reaction is greater than anticipated. Profit margin is “rich”.

They expect rising sales and decreasing costs. 15-25% sales growth. Expenses this Q were a result of reduction in revenue coupled with a $1.5mm fixed manufacturing cost related to FOG start-up (Illinios). Increased R & D .. 50% of new products due to R & D. Plan to be profitable by the end of 99, but it depends on FOG sales.

Have received orders from coach manufacturers for LM, happy with the results of beta testing. All sales so far are in the after-market. No Big 3 SUV testing at this time. Flat panel development is enabling technology for the passenger video market.

Only two persons asked questions on the call. Not included is information available in the earnings PR...


Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Roy F who wrote (260)3/14/1999 2:20:00 PM
From: robert b furman
   of 6936
 
Hi Roy,
Trac Vision LM GO GO GO GO Kvhi's only huge non-niche product.Taxi's Limo's Suv's the best selling vehicles in the north american market.Between my computer at work and at home I'm always calling my broker on my mobile phone.I need to talk to alice about a stockholder Trac Vision LM purchase incentive.

No Kidding if they make it small enough and under 2000 I can envision them on a Harley.

I just love this stock and the + 5/8 on friday makes me think this stock has become thinly traded and in very strong hands. I' m feeling relly good about averaging down on this little market dog.Lets hope it becomes a thoroughbred. HEHEHEHE


Thanks for the recap.Whats your best guess on the next resistance level?


Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: robert b furman who wrote (261)3/14/1999 3:29:00 PM
From: Roy F
   of 6936
 
Bob, kinda fun to see KVHI move up on good volume. The chart doesn't tell me much. Pretty gradual decline from ~$4 with only a little base at ~$2. Plus 600K on the A/D in just the last few weeks.

I'm going to have to find out about the military prospects in the near term, but long term this looks like it has some real possibilities... especially if they can hook-up with Teledesic/Skybridge on the end-user antennas.

If you talk to Alice, say 'Hi' for me.. she's really been very responsive to any and all of my inquiries.

Regards,
Roy

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Roy F who wrote (262)3/14/1999 4:05:00 PM
From: robert b furman
   of 6936
 
Ditto on all.It's exciting to see something other than down.I think you hit it on the head by saying that the seller has gone.I guess it was a large fund offsetting some other gains.For the life of me I can't see why anyone would sell out several hundred thousand shares at 1 1/32 to 1 1/16k ??



Darn sure must be frustrating to see it go up 55/64 in 2 days-ugh

I'll give Alice a call - she is great to learn from and very knowledgable



Bob


Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: robert b furman who wrote (263)3/14/1999 4:12:00 PM
From: Roy F
   of 6936
 
Bab, on the resistance issue... KVHI is currently approaching the 200 day MA (~1.89), so that will be the next test.

Roy

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10 

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.