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To: robert b furman who wrote (6905)7/27/2017 5:19:25 PM
From: rogermci®
   of 6936
 

Hey Bob....Someone likes it:

KVH Industries: Vintage Capital Management discloses 8.8% passive stake


50 DMA just crossed the 200 DMA today. Looks like a buy to me.




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To: rogermci® who wrote (6907)7/27/2017 7:14:35 PM
From: hedgeclipper
   of 6936
 
here's the operator behind this move... And this is different from the large investors we have had in the past. they were mutual fund managers. Now this...

Brian R. Kahn Managing Partner Mr. Kahn is the Managing Partner and founder of Vintage Capital Management (“VCM”) and its predecessor, Kahn Capital Management (“KCM” or the “Firm”), and is responsible for all aspects of transaction sourcing, due diligence, and execution.

vintagecapitalmanagement.com

This explains the recent move up above $10 or so .. where does he go with it now?


Look at July 14 -- 240K shares in volume closed at 9.75 then the next two trading days over 550K shares closed at $10.15 on July 18.

Holds 1.495 mm shares now. the 13G filing today triggered by going over 5% threshold. they always adopt the "passive" stake in the beginning..

Its time to chat with Martin I do believe.




hedgeclipper

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To: hedgeclipper who wrote (6908)7/27/2017 7:47:05 PM
From: hedgeclipper
   of 6936
 
Look at the IEC Electronics investor presentation. slide 16. I think you will see familiar themes we have discussed here about KVH Industries...

iec-electronics.com

Vintage Capital has several representatives on the Board.

hedge

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To: rogermci® who wrote (6907)7/27/2017 10:26:57 PM
From: robert b furman
   of 6936
 
I'm once bit twice shy. sigh

Bob

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To: hedgeclipper who wrote (6909)7/27/2017 10:33:24 PM
From: nissan
   of 6936
 

Hi Hedge

To all, also look under Vintage Capital "About Us"

Read their investment philosophy and also investment criteria.

They don't want to spend a lot of time waiting for a payoff.

Going to be an interesting CC coming up.

Walter, do you know if Vintage was at the annual meeting.

Besides the V7/V11 hardware we assume are going to be in demand, the FOG products are about to make
a huge upside change. Not only for autonomous vehicles, but many facets of the market.

The CC should be interesting in the next 10 days or so.

AW I think that big smile we have had is getting closer, heck today made me smile. But once again, its TIME!

J

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To: nissan who wrote (6911)7/28/2017 7:39:37 AM
From: nissan
   of 6936
 

Next Wednesday morning Aug. 2

earnings

J

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To: nissan who wrote (6911)7/28/2017 2:54:18 PM
From: WalterP
   of 6936
 
There were 2 investment firms there. I talked with both of them but did not get the name of one. He was a fairly young man with a very young intern (college?) with him. He was not as optimistic about KVHI as a long term opportunity and saw them more as following what's hot today. I really did not get that he understood the company and the long term opportunities they were building. The other firm was a "very small cap" investment firm specializing in small company opportunities like KVH. He thought it looked like everything was finally lined up for KVH but only discovered it less than a year ago.

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To: WalterP who wrote (6913)7/29/2017 7:07:59 AM
From: nissan
   of 6936
 

Thank you Walter. Appreciate your comments

J

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To: WalterP who wrote (6913)8/2/2017 9:14:48 AM
From: nissan
1 Recommendation   of 6936
 

Hello All

KVH beats by .13

Will be interesting to see if the new philosophy is to beat quarterly estimates by a significant amount the next few quarters.

J

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To: nissan who wrote (6915)8/2/2017 12:23:17 PM
From: WalterP
   of 6936
 
KVH Industries Reports Second Quarter 2017 Results


MIDDLETOWN, RI, August 2, 2017
— KVH Industries, Inc., (Nasdaq: KVHI) reported financial results for the quarter ended June 30, 2017 today. The company will hold a conference call to discuss these results at 10:30a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company’s website.


Second Quarter 2017 Highlights

• Revenue for the second quarter of 2017 was $40.5 million, a decrease of 12%, from $46.0 million in the second quarter of 2016. On a constant currency basis, revenue decreased 10%.

• In the second quarter of 2017, mini-VSAT Broadband Airtime revenue grew $1.0 million, or 6%, compared to the second quarter of 2016. Likewise, the number of airtime subscribers also increased 6% for this period. Usage-based airtime plans grew to 60% for all airtime plans, helping increase airtime gross margin to a record 39%.

• AgilePlans, our new Connectivity as a Service Program, for the commercial maritime sector, launched successfully in the quarter, representing 20% of all mini-VSAT Broadband shipments. The revenue recognized from AgilePlans was not significant due to the time between shipments and activation.

• Strong inertial measurement unit (IMU) sales drove fiber optic gyro (FOG) product revenue higher by 11% and contracted engineering service revenue almost doubled in the second quarter of 2017 compared to the second quarter of 2016.

• Net loss in the second quarter of 2017 was $2.0 million, or $0.12 per share, compared to net loss of $0.8 million, or $0.05 per share, in the second quarter of 2016.

• Non-GAAP net income in the second quarter of 2017 was $0.5 million, or $0.03 per share, compared to $1.2 million, or $0.08 per share in the second quarter of 2016.

• Non-GAAP adjusted EBITDA in the second quarter of 2017 was $2.1 million compared to $3.5 million in the second quarter of 2016.

Commenting on the quarter, Martin Kits van Heyningen, KVH’s Chief Executive Officer, said, “We continue to be pleased with the growth in our Airtime service revenues and margins. We recorded another quarter of solid airtime and subscriber growth, and achieved record airtime gross margins of 39%. In addition, we launched our new subscription-based Connectivity as a Service Program, AgilePlans, this quarter and the feedback we have received so far continues to be very positive. AgilePlans represented over 38% of TracPhone V7-IP and V11-IP maritime shipments in the second quarter.”

The company operates in two segments, mobile connectivity and inertial navigation. Net sales for the mobile connectivity segment in the second quarter of 2017 decreased $2.8 million, or 8%, as compared to the second quarter of 2016 due to lower mini-VSAT Broadband product sales due in part to the fact that, under our AgilePlans program, we do not recognize revenue from products delivered to customers, and lower content and training revenues driven primarily by the weakness in the British Pound, partially offset by higher airtime revenues. Net sales for our inertial navigation segment in the second quarter of 2017 decreased $2.7 million, or 30%, compared to the second quarter of 2016, driven by a $3.5 million decrease in TACNAV sales, due to a large order that occurred in the second quarter of 2016. This decrease was partially offset by an increase in FOG product sales and contracted engineering services.

Full PDF of the quarterly report at:

phx.corporate-ir.net

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