Wall Street expects this communications equipment company to grow at a 30% annual rate over the next five years.
KVH Industries, Inc. (KVHI)
From Technology & Opportunity
KVH Industries, Inc. (KVHI) is the manufacturer of mobile satellite communications, guidance,
and stabilization equipment and solutions for consumer, commercial, and military applications. It operates in two main segments: mobile connectivity and inertial navigation. As of today, the bulk of the company’s revenue comes from its maritime internet connectivity business.
The real focus of KVH Industries is the fiber-optic gyroscopes (FOGs), a kind of inertial measurement unit (IMU). FOGs are highly accurate electronic components that measure the orientation and movement of various pieces of hardware and machinery. Although FOGs make up a small part of KVH’s top line, soon this segment will overtake its maritime business.
In mid-January, Lockheed Martin selected KVH to develop next-generation multiaxis fiber-optic gyro (FOG) sensors for use in combat aircraft. Later in the month, the firm launched KVH Link, a new digital content streaming service for sailors and commercial fleets.
KVH is a “Buy” under $12. The risk level is “Medium.”
Jason Stutman, Technology & Opportunity, www.angelpub.com, 877-303-4529, February 2020