earnings
confidence high
sentiment neutral
materiality 0.75
KVH Q3 rev $43M (+5% YoY), GAAP EPS $0.22 includes PPP gain, non-GAAP EPS -$0.05, adj EBITDA $1.5M vs $3.4M prior
KVH INDUSTRIES INC DE
2021-Q3 EPS reported
-$0.31
revenue$128,639,000
- Total revenue $43.0M, up 5% YoY from $41.1M; GAAP net income $4.0M ($0.22/sh) vs net loss $0.5M prior, benefiting from $7.0M PPP forgiveness.
- Non-GAAP net loss $0.9M ($0.05/sh) vs net income $1.1M ($0.06/sh); adjusted EBITDA fell to $1.5M from $3.4M.
- mini-VSAT airtime revenue up 13% to $24.6M on 12% subscriber growth; AgilePlans rev +54%, now 47% of subscriber base.
- Inertial navigation sales down 11% to $8.4M due to supply chain issues; some orders pushed to Q4.
- Full-year revenue outlook: high single-digit growth over 2020; adj EBITDA growth faster than rev.