Technology StocksKVH Industries, Inc.

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To: hamsandwich who wrote (691)1/30/2001 4:33:35 AM
From: robert b furman
   of 7014
Hi Hamsandwich,

Kvhi is REALLY looking like a classic cup and handle.We are now in the handle with very light volume.Perfect set up with so little selling it isn't tailing down - rather a sideways slope into the midrange of it's trading envelope.

This is the first time that KVHI's trading envelope has exceeded 10 before the price of the stock - major exciting regarding a possible breakout.

Now we need some more quiet action and then some type of current sensor/photonic modulator sales announcement.At that point, volume on a breakout will take care of itself and we'll be in the land of double digits for good.

That will have been one long term wait for this believer.Thanks to all in advance for your comments and support over the LOOOOONG WAIT.

I believe the wait is over but for the saying.HEHEHE

Now it's time for this train ride to go to da moon !!!



Remember pivot point is 1/8 over past high ( 11 7/16 + 1/8 = 11 9/16 ) MUST be on good volume!! ( I'm thinking 2-3 times 11/7/00 's daily volume which was 115,900 so 230,000 to 300,000 shares will get me back in the hunt with a market order.GGGGGG

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To: robert b furman who wrote (692)1/30/2001 8:46:15 AM
From: Labrador
   of 7014



KVH Industries (KVHI) recently announced winning a $3.2-million contract
to provide its Tacnav tactical navigation system to General Motors Defense [GM]
for installation on the Australian Army's light armored vehicle fleet. The deal
marks KVH's first penetration of the Australian market. The company already has
supplied GM armored vehicles used by the U.S. Marine Corps, Canada and Saudi
Arabia. According to KVH, its Tacnav system provides 100 percent position
availability, even when GPS signals may be disrupted or jammed. The product
interfaces with the vehicle's onboard GPS system, but also consolidates vehicle
location and azimuth, turret angle, and far-target location into information
that can be transmitted to the force commander and other units in the field.
(KVH Industries, Jim Dodez, 401-847-3327,

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To: robert b furman who wrote (692)1/30/2001 10:08:42 AM
From: Roy F
   of 7014
Hi Bob,

That will have been one long term wait for this believer.

I certainly can echo those comments, although the last year or so hasn't been as arduous. I'm sure there are many who have endured at least as long, including the faithful at KVH themselves.

News will drive the future for KVH, as usual, but we probably won't hear anything until the earnings report, unless something extraordinary happens... quiet period, you know. Still no schedule for the financials/CC.



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To: Roy F who wrote (694)1/31/2001 7:57:40 PM
From: Roadkill
   of 7014
This is strange. According to Yahoo, KVH's conference call is scheduled for 11:30 a.m. on Feb. 8. This is the first KVHI CC I recall ever being held before the close. The time suggests that earnings will be released before the bell, also a first. Any thoughts?

Also -- did anyone else receive that neat info sheet in the mail from KVH? Pretty cool.


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To: Roadkill who wrote (695)1/31/2001 8:14:00 PM
From: Sector Investor
   of 7014

Uh, click on the KVHI subject header above this message and look at any of the earnings links in the profile.

They are all "before the open" announcements.

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To: Sector Investor who wrote (696)1/31/2001 8:28:41 PM
From: Roadkill
   of 7014
Good call, Sector. I was going off past experience. Prior to Q1 '99, KVH always announced after the bell. I used to follow the CCs a lot more closely back then, so for some reason that stuck out in my mind. I'm too young to be this forgetful. And I thought this meant exciting news was imminent!


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To: Roadkill who wrote (695)1/31/2001 9:17:40 PM
From: Roy F
   of 7014
Hey RK,

I think they've all been during my work day, since I'm a west coaster. It does seem like the report is earlier in the month than usual for the annual. They must have more clout with the auditors now... gg


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To: robert b furman who wrote (692)2/7/2001 12:05:53 AM
From: hamsandwich
   of 7014

Your "classic cup and handle" call is shaping up nicely. I like the consolidation and low volume, coupled with outperforming the S&P and NDX, for a winning combination. The breakout is gonna be a good one.

See you at the pivot point,


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To: hamsandwich who wrote (699)2/7/2001 5:09:14 AM
From: robert b furman
   of 7014
Hi Ham,

I'm gonna do 10,000 if it pops over 11 9/16 on big volume(100,000 - 200,000).Call it my contribution to the breakout.I've been nibbling just a little here in the low 9's.

Save your matches - The Revolution Nears !!! <smile>

Kvhi and Cohu are the only stocks that are long term holds in my account.

Both 6 baggers in the making. Kvhi scares me to think what it might do!!

Thanks for the post.


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To: robert b furman who wrote (700)2/8/2001 7:31:33 AM
From: Sector Investor
   of 7014
$0.01 on $8.844 revenue (highest ever)

GM 40.1%

R&D up but not as high as Q2
S&M highest ever at $1.88M
Admin lowest this year

More later

KVH's Fourth Quarter Revenue Grows 60 Percent

Company Expects Strong 2001 Revenue Growth

MIDDLETOWN, R.I., Feb 8, 2001 (BUSINESS WIRE) -- KVH Industries, Inc. (Nasdaq: KVHI chart, msgs)
today reported that revenue for the fourth quarter ended December 31, 2000, grew 60% to $8.8
million from $5.5 million in the fourth quarter of 1999.

The Company also reported fully diluted earnings per share for the fourth quarter of $0.01 compared to a
loss of $0.17 per share for the same quarter of 1999. Operating income for the period was $0.2 million
and net income was approximately $0.1 million compared to a loss of $1.5 million and $1.2 million,
respectively, for the same period in 1999.

"In 2000 we set out to return KVH to profitability," said Martin Kits van Heyningen, President and CEO.
"We clearly accomplished this goal by achieving earnings on an EBITDA basis during the second quarter
of 2000, followed by increasing net earnings in the third and fourth quarters of the year. Robust revenue
growth in each of our three target markets: Fiber Optics, Mobile Satellite Communications, and Tactical
Navigation are driving our business. KVH's reputation for high-quality products, superior technology,
and reliability are gaining increased recognition and acceptance in these rapidly growing markets.
Our strong revenue growth allowed us to achieve profitability while aggressively investing in new
technology development."

For the year ended December 31, 2000, KVH stated that revenue increased 32% to approximately
$30.0 million for 2000, compared to $22.8 million for 1999. The company reported net loss per share
of $0.12, compared to a loss of $0.37 per share in the comparable year-ago period. Operating loss was
$1.1 million and net loss was $0.9 million compared to an operating loss of $4.0 million and a net loss
of $2.7 million, for fiscal 2000 and 1999, respectively.

Richard Forsyth, Chief Financial Officer, commented, "Throughout fiscal 2000, we have been highly
successful in decreasing quarterly operating expenses as a percentage of revenue in every cost category,
leading to significant improvements in operating profitability. This quarter we drove our operating
efficiencies to the bottom line. Looking ahead to 2001 we anticipate that the positive trends we
experienced during 2000 in our core business will continue. However, the pace of investment in our
photonic fiber and mobile broadband/TV research initiatives will determine the company's overall

Mr. Kits van Heyningen commented, "During the past year, we made an initial investment in two technologies
that, if successfully developed, could accelerate the growth of KVH Industries. Our goal is to bring the initial
products using these technologies to market within 18 months. We believe these products will address
customer requirements in very large markets."

"To fully capitalize on the potential both of these projects have demonstrated during the initial phases of
development, we have decided to invest heavily in these programs. As part of that decision, the company
recently completed a private placement of Common Stock for $5 million. As 2001 progresses and we gain
a better understanding of the commercial potential for both technologies, we may accelerate the
development efforts. Such acceleration would require our seeking additional outside capital. In addition, acceleration in the programs' schedules would involve increased R&D spending, which, as a result, may
cause us to operate at a net loss during the year. By pursuing these development programs, we believe we are setting KVH on a long-term course to compete in two multi-billion dollar markets that we currently don't address."

Fourth-quarter highlights:

--On December 12, 2000, KVH Industries announced a two-year, $4.7 million contract to equip the new armored
vehicles of an undisclosed southeast Asian country with KVH's TACNAV(TM) tactical navigation systems.

--On December 6, 2000, KVH Industries introduced the TracVision(R) L3 mobile satellite television antenna in North
America. The TracVision L3 has a gyro-stabilized antenna and receives programming from DIRECTV(R), the DISH
Network(TM), and other high-powered, DVB-compatible satellite systems worldwide.

--On November 6, 2000, KVH Industries announced a $1.5 million contract award for the production of E-Core(TM)
Fiber Optic Gyros, which will be deployed in the Javelin Basic Skills Trainer produced by Orlando-based ECC
International Corporation.

--On October 18, 2000, KVH Industries introduced the latest in its line of marine satellite television antennas - the
TracVision G6 and TracVision 6. These systems have a 24-inch antenna enabling them to receive satellite
television signals throughout a wider coverage area than smaller 18-inch antennas.

Consolidated Balance Sheets
December 31, 2000 and 1999

2000 1999
(Unaudited) (Audited)
Current assets:
Cash and cash equivalents $ 5,411,460 2,047,838
Accounts receivable, net 6,553,976 3,362,390
Costs and estimated earnings
in excess of billings
on uncompleted contracts 419,145 444,492
Inventories 3,600,660 3,672,269
Prepaid expenses and
other deposits 346,518 292,793
Deferred income taxes 637,799 376,628
Total current assets 16,969,558 10,196,410
Property and equipment, net 6,580,375 7,227,778
Other assets, less
accumulated amortization 706,473 839,113
Deferred income taxes 2,238,430 1,571,409
Total assets $ 26,494,836 19,834,710

Liabilities and stockholders' equity:
Current liabilities:
Current portion long-term debt $ 81,111 75,643
Borrowings against bank line
of credit 598,865 --
Accounts payable 1,478,198 1,599,770
Accrued expenses 1,164,790 792,086
Customer deposits 1,195,091 --
Total current liabilities 4,518,055 2,467,499
Long-Term Debt 2,784,121 2,865,232
Total liabilities 7,302,176 5,332,731
Stockholders' equity:
Common stock 86,191 72,969
Additional paid-in capital 21,186,459 15,567,880
Accumulated deficit (2,079,990) (1,138,870)
Total stockholders' equity 19,192,660 14,501,979
Total liabilities and
stockholders' equity $ 26,494,836 19,834,710

Consolidated Statements of Operations

Three months ended Twelve months ended
December 31, December 31,
2000 1999 2000 1999

Net sales $ 8,844,466 5,542,226 29,953,727 22,822,429
Cost of
sold 5,296,992 3,685,062 18,620,438 15,034,250
profit 3,547,474 1,857,164 11,333,289 7,788,179

& development 929,521 1,131,267 3,902,154 4,199,370
Sales &
marketing 1,848,133 1,687,741 6,322,181 5,471,231
Administration 523,057 535,569 2,220,471 2,111,868

profit (loss) 246,763 (1,497,413) (1,111,517) (3,994,290)

Other income
expense, net (72,387) (9,155) (192,437) (40,236)
income (21,805) 10,499 (133,723) 19,805
(Loss) gain
on foreign
translation (45,463) 9,116 (63,080) 63,644

Income (loss)
before income
tax expense
(benefit) 107,108 (1,507,873) (1,500,757) (3,951,077)

Income tax
(benefit) 30,577 (304,939) (559,637) (1,253,822)

Net income
(loss) $ 76,531 $(1,202,934) (941,120) (2,697,255)

Per share
Net income
(loss) per
common share
- basic $ 0.01 (0.17) (0.12) (0.37)
Net income
(loss) per
common share
- diluted $ 0.01 (0.17) (0.12) (0.37)

Weight average
number of
Basic 7,778,364 7,264,460 7,628,166 7,234,961
Diluted 8,197,506 7,264,460 7,628,166 7,234,961

KVH is webcasting its fourth quarter 2000 conference call live at 11:30 a.m. Eastern Time today through the company's web site at The audio also will be archived at the company web site within three hours after the call is completed.

KVH Industries, Inc., is a leading provider of innovative high-bandwidth communications products, navigation systems, and fiber optic
products. Using proprietary fiber optic and satellite antenna technology, the company is developing next-generation systems with greater
precision, durability, and versatility for communications, navigation, and industrial applications. An ISO 9001-registered company, KVH
has headquarters in Middletown, Rhode Island, with a fiber optic manufacturing facility in Illinois, and a European sales, marketing, and
support office in Hoersholm, Denmark.

This press release may contain 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:
failure to develop and market fiber optic products; lack of reliable vendors, service providers and outside products; continued poor
military sales cycles; unforeseen changes in competing technologies and products; worldwide economic variances; and poor or delayed
research and development results. Additional factors are discussed in the company's Annual Report on Form 10K filed with the Securities
and Exchange Commission on March 27, 2000, and in the company's Form 10Q filed with the Securities and Exchange Commission on
October 19, 2000. Copies are available through the company's Investor Relations Department or web site.

Morgen-Walke Associates
Greg Tiberend or Robert Russell

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