Financials KVH Industries, Inc.

Stocks

KVHI

US4827381017

Communications & Networking

Market Closed - Nasdaq 16:00:00 2026-10-30 EDT			5-day change	1st Jan Change
7.420 ^USD	-4.63%		+8.64%	+6.46%

09-20	KVH Industries, Inc.(NasdaqGS:KVHI) added to S&P Global BMI Index	CI
08-06	Tranche Update on KVH Industries, Inc.'s Equity Buyback Plan announced on December 10, 2024.	CI

Projected Income Statement: KVH Industries, Inc.

Projected Income Statement - Annual - KVH Industries, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	171.8	138.9	132.4	113.8	-	141.8	193
Change	-	-19.15%	-4.68%	-14.01%	-	-	36.03%
EBITDA ¹	4.026	13.23	14.35	8.051	-	13.67	26.64
Change	-	228.61%	8.45%	-43.89%	-	-	94.88%
EBIT ¹	-17.95	-5.654	-17.34	-11.88	-	1.55	13.93
Change	-	68.49%	-206.77%	31.49%	-	-	798.71%
Interest Paid ¹	-	-0.003	-0.001	-	-	-0.02	-0.04
Earnings before Tax (EBT) ¹	-9.871	-3.378	-15.1	-10.63	-	4.14	16.6
Change	-	65.78%	-347.13%	29.64%	-	-	300.97%
Net income ¹	-9.763	24.1	-15.42	-11.05	-7.383	3.33	14.33
Change	-	346.86%	-163.99%	28.36%	33.17%	145.1%	330.33%
Announcement Date	3/7/22	3/16/23	3/15/24	3/6/25	3/10/26	-	-

¹USD in Million

Estimates

Projected Income Statement - Quarterly - KVH Industries, Inc.

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	42.98	43.13	41.09	41.84	35.17	36	33.69	34.17	33.55	31.46	29.27	28.67	28.97	26.92	25.41	26.62	28.45	32.32	33.72	36.44	39.39	42.18	45.5	50.9	54.38
Change	-	0.34%	-4.72%	1.81%	-15.94%	2.38%	-6.43%	1.43%	-1.82%	-6.24%	-6.96%	-2.03%	1.04%	-7.09%	-5.58%	4.76%	6.87%	13.58%	4.35%	8.06%	8.1%	7.08%	7.87%	11.87%	6.84%
EBITDA ¹	1.511	-0.105	1.861	4.127	4.057	4.335	3.273	4.179	4.508	2.284	1.971	2.636	2.932	0.512	1.007	2.658	1.361	2.774	3.026	3.25	4.05	4.76	6.64	7.18	8.06
Change	-	-106.95%	1,872.38%	121.76%	-1.7%	6.85%	-24.5%	27.68%	7.87%	-49.33%	-13.7%	33.74%	11.23%	-82.54%	96.68%	163.95%	-48.8%	103.82%	9.08%	7.4%	24.62%	17.53%	39.5%	8.13%	12.26%
EBIT ¹	-3.229	-5.308	-4.708	-2.332	-0.971	0.608	-0.548	0.324	-5.027	-12.2	-3.798	-2.889	-1.991	-3.205	-2.243	-0.37	-7.631	-0.118	-0.076	0.24	0.92	1.7	3.45	3.97	4.81
Change	-	-64.39%	11.3%	50.47%	58.36%	162.62%	-190.13%	159.12%	-1,651.54%	-142.65%	68.86%	23.93%	31.08%	-60.97%	30.02%	83.5%	-1,962.43%	98.45%	35.59%	415.79%	283.33%	84.78%	102.94%	15.07%	21.16%
Charge d'intérêts ¹	7.303	-	-0.001	-0.001	-0.001	-	-	-	-	-0.001	-	-	-	-	-	-	-	-0.006	-	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Earnings before Tax (EBT) ¹	4.034	-4.129	-4.363	-1.209	-0.014	0.528	0.006	0.971	-4.151	-12.03	-3.085	-2.379	-1.148	-4.015	-1.685	1.035	-6.918	0.713	0.366	0.82	1.54	2.32	4.13	4.66	5.49
Change	-	-202.35%	-5.67%	72.29%	98.84%	3,871.43%	-98.86%	16,083.33%	-527.5%	-189.91%	74.36%	22.88%	51.74%	-249.74%	58.03%	161.42%	-768.41%	110.31%	-48.67%	124.04%	87.8%	50.65%	78.02%	12.83%	17.81%
Net income ¹	4.018	-4.08	-4.692	-1.444	29.65	0.591	-0.012	0.925	-4.246	-12.19	-3.163	-2.376	-1.199	-4.31	-1.71	0.93	-6.934	0.588	0.163	0.66	1.23	1.85	3.31	4.21	4.96
Change	-	-201.54%	-15%	69.22%	2,153.05%	-98.01%	-102.03%	7,808.33%	-559.03%	-187.16%	74.06%	24.88%	49.54%	-259.47%	60.32%	154.39%	-845.59%	108.48%	-72.28%	304.91%	86.36%	50.41%	78.92%	27.19%	17.81%
Announcement Date	11/4/21	3/7/22	5/10/22	8/9/22	12/6/22	3/16/23	5/4/23	8/9/23	11/9/23	3/15/24	5/6/24	8/1/24	11/7/24	3/6/25	5/7/25	8/7/25	11/6/25	5/6/26	8/6/26	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: KVH Industries, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Net Debt	-24.5	-76.7	-	-	-	-	-
Change	-	-213.06%	-	-	-	-	-
Announcement Date	3/7/22	3/16/23	3/15/24	3/6/25	3/10/26	-	-

Estimates

Cash Flow Forecast: KVH Industries, Inc.

Fiscal Period: December	2021	2022	2023	2024	2026	2027
CAPEX ¹	18.74	14.39	10.63	7.417	7.49	6.5
Change	-	-23.21%	-26.11%	-30.25%	-	-13.22%
Free Cash Flow (FCF) ¹	-15.83	-5.496	-8.103	-20.59	-1.09	7.08
Change	-	65.28%	-47.43%	-154.07%	-	749.54%
Announcement Date	3/7/22	3/16/23	3/15/24	3/6/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: KVH Industries, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	2.34%	9.53%	10.84%	7.07%	-	9.64%	13.81%
EBIT Margin (%)	-	-10.45%	-4.07%	-13.1%	-10.44%	-	1.09%	7.22%
EBT Margin (%)	-	-5.75%	-2.43%	-11.41%	-9.34%	-	2.92%	8.6%
Net margin (%)	-	-5.68%	17.35%	-11.65%	-9.71%	-	2.35%	7.43%
FCF margin (%)	-	-9.22%	-3.96%	-6.12%	-18.09%	-	-0.77%	3.67%
FCF / Net Income (%)	-	162.15%	-22.8%	52.54%	186.34%	-	-32.73%	49.41%
Profitability
ROA	-4.06%	-6.37%	-1.11%	-3.85%	-2.65%	-4.55%	-	-
ROE	-15.57%	-7.49%	-2.75%	-10.09%	-7.73%	-5.48%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	10.91%	10.36%	8.03%	6.52%	-	5.28%	3.37%
CAPEX / EBITDA (%)	-	465.47%	108.77%	74.11%	92.13%	-	54.79%	24.4%
CAPEX / FCF (%)	-	-118.38%	-261.83%	-131.22%	-36.03%	-	-687.16%	91.81%
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	-0.54	1.29	-0.81	-0.57	-0.38	0.16	0.75
Change	-	-	338.89%	-162.79%	29.63%	33.33%	142.11%	368.75%
Nbr of stocks (in thousands)	-	18,899	19,182	19,611	19,799	19,573	18,141	18,141
Announcement Date	-	3/7/22	3/16/23	3/15/24	3/6/25	3/10/26	-	-