Hey Guys,
There is a lot to be excited about, from the cc. KVH met or exceeded my expectations, in most areas today. Content was the exception. I’m now highly confident that the miniVsat Service category will be at or exceeding 20% top line growth, by Q3 2019. Depending on the new hardware, coming this fall, there’s an improving likelihood that number could exceed 30%. Assuming more HTS hardware, in both 2018 & 2019, double digit growth will continue for the foreseeable future, beginning in q4. I’m modeling 7% & 10% Vsat Services growth in q3 & q4, respectively.
The no contract approach to maritime is game changing. KVH timed it well, with the rollout of HTS hardware. The impact on Inmarsats sales were immediate, as reflected in their conference call. KVH is stealing market share at an accelerating rate. If they get the content part fixed, the vsat business alone, will be worth over $500mm.
Something is brewing in the FOG category. The existing products are taking hold. Very exciting. The addition of a 2nd shift bodes well for continued double digit growth.
We are likely to see this stock reach 14 year highs, very soon. The wait is almost over.
Aw |
