KVH Industries, Inc. Message Board

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Technology Stocks : KVH Industries, Inc.

KVHI 5.520

-2.1%

Nov 7 9:30 AM EST

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To: nissan who wrote (7062)	3/5/2019 9:26:19 AM
From: bob6496	Read Replies (2) of 7249

KVH announces they surpassed 9,000 VSAT systems up from 8,000 seven months ago. For perspective it took 16 months to go from 7,000 to 8,000. It just seems like profitless prosperity though. Guidance this year for profit is pretty underwhelming. Lower profit margins in Q4 and Q1 on VSAT side goes against what they guided on their Q3 call where they promised higher margins in Q4 and all of 19. In the Q3 call Martin indicated they were looking to hookup with a strategic partner in the next quarter or two for the photonic chip technology and if they din't get a deal by summer they would go it alone. Now he says they are talking with several strategic partners and they "hope" to conclude that by the end of 19. The large Mideast order of 40-50MM has been dangled out to us for going on four years now with nothing to show. It just seems like every quarter things continue get pushed further in to the future. Really beginning to wonder if this management team can take this company to the next level. I remember the 2016 Q4 conference call when Martin said 2017 was going to be a transition year and that was going to setup 2018 and beyond for tremendous growth. That didn't work out that great and here we are in 2019 with lower margins on their core business than 2016, 2017 or 2018. Yes, I understand they are "transforming" their business but at some point you really need to show it on your bottom line. Lowering profit after saying it was going to rise a quarter ago is somewhat disingenuous from my perspective. All these new technologies are great, but will they ever be able to monetize them? KVH has been dead money for going on 10 years with the promise ever year next year would be the year. Excuse the rant just a little frustrating to continually get led down a path and find out it's a dead end.

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