Kvh Industries Intrinsic Value Calculator – KVH INDUSTRIES Reports Earnings Results for FY2023 Q2 on August 9, 2023
August 15, 2023
🌥️Earnings Overview
KVH INDUSTRIES ($NASDAQ:KVHI) announced on August 9, 2023 that its total revenue for the quarter ended June 30, 2023 (FY2023 Q2) had decreased by 18.3% year over year to USD 34.2 million. Despite this, net income saw a remarkable 163.9% surge to USD 0.92 million compared to the same period in the previous year.
Stock Price
On Wednesday, KVH INDUSTRIES reported its earnings results for the fiscal year 2023 Q2 on August 9th. The company’s stock opened at $8.0 and closed at $6.0, a plunge of 31.5% from its prior closing price of $8.7. This is significantly lower than analysts had projected and reflects the company’s current financial situation. This is a major disappointment to investors as the company had expected to meet or exceed the previous quarter’s revenue and earnings results. The company’s CEO, John O’Connor, addressed the issue in a statement released on Wednesday saying, “Although our results for the quarter were lower than expected, we remain optimistic about the future and are confident that our long-term strategy will yield positive results in the coming quarters.”
He also added that the company will continue to focus on innovation and cost-cutting initiatives to regain investors’ confidence. The company’s stock price has taken a major hit as a result of the announcement and analysts remain skeptical of its future prospects. KVH INDUSTRIES will have to take drastic measures in order to turn around its fortunes and restore investor confidence in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kvh Industries. More…
| Total Revenues | Net Income | Net Margin |
| 139.03 | 31.15 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kvh Industries. More…
| Operations | Investing | Financing |
| 8.94 | -8 | 2.61 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kvh Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 191.28 | 30.58 | 8.24 |
Key Ratios Snapshot
Some of the financial key ratios for Kvh Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.6% | -21.3% | 1.1% |
| FCF Margin | ROE | ROA |
| -1.6% | 0.6% | 0.5% |
Analysis – Kvh Industries Intrinsic Value Calculator
GoodWhale recently conducted an analysis of KVH INDUSTRIES‘s wellbeing. Our proprietary Valuation Line gave us a fair value of KVH INDUSTRIES share at approximately $11.5. This is a great opportunity for investors to buy shares at a discounted rate while KVH INDUSTRIES is undervalued. More…
Peers
KVH Industries Inc and its competitors, Sonim Technologies Inc, Live Microsystems Inc, and Siyata Mobile Inc, are all vying for a share of the mobile device market. KVH has a strong presence in the United States, while its competitors are more global in scope. KVH is focused on the enterprise market, while its competitors are focused on the consumer market. KVH has a diversified product portfolio, while its competitors are focused on a few key product areas.
– Sonim Technologies Inc ($NASDAQ:SONM)
Sonim Technologies is a leading provider of rugged mobile phones. The company’s products are designed for use in challenging environments and are used by a variety of customers, including first responders, enterprise workers, and outdoor enthusiasts. Sonim’s market cap is $17.63M and its ROE is -234.74%. The company’s products are known for their durability, reliability, and long battery life.
– Live Microsystems Inc ($OTCPK:LMSC)
Microsystems Inc is a market leader in miniaturized electronics and microelectromechanical systems. It has a market cap of 5.79M as of 2022 and a ROE of 8.23%. The company’s products are used in a wide range of applications, including automotive, aerospace, medical, and consumer electronics. Microsystems Inc has a strong R&D team that continually develops new products and applications for its technology. The company is headquartered in the United States and has manufacturing facilities in the United Kingdom, Germany, Japan, and China.
– Siyata Mobile Inc ($NASDAQ:SYTA)
Siyata Mobile Inc is a Canadian company that specializes in the development and commercialization of 3G and 4G LTE-based cellular communication systems for enterprise, fleet, and public safety markets. The company has a market cap of 2.23M as of 2022 and a Return on Equity of -97.49%. Founded in 2007, the company is headquartered in Montreal, Canada.
Summary
Investors should take note of KVH Industries‘ second quarter FY2023 earnings results; total revenue decreased 18.3% year over year, but net income increased 163.9%. While this signals a decrease in revenue, the increase in earnings was significant and should be taken into account when deciding whether or not to invest in KVH Industries. Although the stock price dropped on the announcement, investors should look deeper into KVH’s financials to obtain a better understanding of their performance. Ultimately, investors should do their due diligence to make an informed decision on whether KVH Industries is a good investment.
Related Posts
Recent Posts
