{"id":85351,"date":"2011-02-17T00:16:56","date_gmt":"2011-02-16T16:16:56","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/kvh-cfo-mini-vsat-service-investments-driving-long-term-growth\/"},"modified":"2011-02-17T00:16:56","modified_gmt":"2011-02-16T16:16:56","slug":"kvh-cfo-mini-vsat-service-investments-driving-long-term-growth","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/kvh-cfo-mini-vsat-service-investments-driving-long-term-growth\/","title":{"rendered":"KVH CFO: Mini-VSAT Service Investments Driving Long-Term Growth"},"content":{"rendered":"<p><strong>KVH<\/strong>\u2018s 2010 capacity expansion efforts enabled the  company to deliver more than 60 terabytes of data and 1.5 million  international voice calls via its mini-VSAT Broadband network, which  drove its fourth quarter VSAT product and service revenues up 70 percent  from the same period last year, according to KVH CFO Patrick Spratt<em>.<br \/>\n<\/em>&nbsp;&nbsp;&nbsp; &#8220;The increase in VSAT revenues this quarter illustrated that  the combination of our TracPhone V7 system and mini-VSAT Broadband  service are a disruptive and appealing approach to satellite  communications, offering a unique solution that meets the need to stay  in touch while at sea,&#8221; said Spratt.<br \/>\nSpratt said that KVH\u2019s top- and bottom-line performance during the  quarter was &#8220;within the range that we expected but, overall, not quite  as strong as we would have liked.&#8221;<br \/>\n&nbsp;&nbsp;&nbsp; KVH\u2019s overall 2010 fourth quarter revenue increased 3 percent to $27  million compared to revenues of $26.3 million in the final quarter of  2009. The company\u2019s full-year revenues jumped 26 percent to $112.2  million, with net income of $8.3 million.<br \/>\n&#8220;During the fourth quarter and in early 2011, we expanded capacity  significantly in North America, Europe, Africa, Asia, the Indian Ocean,  Australia and New Zealand. The result is that our VSAT business is now  larger than our core marine satellite TV business on a run-rate basis,&#8221;  KVH CEO Kits Van Heyningen said in a statement.<br \/>\n&nbsp;&nbsp;&nbsp; KVH increased its ongoing investments for mini-VSAT broadband sales  and support, acquiring Virtek Communication in September. Spratt said  while these investments have increased KVH\u2019s operating expenses, the  company\u2019s business model is based on cementing its long-term position.<br \/>\n&nbsp;&nbsp;&nbsp; &#8220;We are on a solid path of executing our strategic plans to expand  our VSAT, marine satellite TV and FOG (fiber optic gyro) businesses.  These efforts form the basis for building toward progressively stronger  financial results with four- to five-year targets of annual revenue  greater than $300 million, more than half of which would be generated by  our VSAT business, along with operating margins of 15 percent,&#8221; said  Spratt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KVH\u2018s 2010 capacity expansion efforts enabled the company to deliver more than 60 terabytes of data and 1.5 million international voice calls via its mini-VSAT Broadband network, which drove its fourth quarter VSAT product and service revenues up 70 percent from the same period last year, according to KVH CFO Patrick Spratt. &nbsp;&nbsp;&nbsp; &#8220;The increase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-85351","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85351"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=85351"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85351\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}