{"id":85954,"date":"2010-10-27T01:42:24","date_gmt":"2010-10-26T17:42:24","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/kvh-raises-2010-full-year-guidance-after-strong-third-quarter\/"},"modified":"2010-10-27T01:42:24","modified_gmt":"2010-10-26T17:42:24","slug":"kvh-raises-2010-full-year-guidance-after-strong-third-quarter","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/kvh-raises-2010-full-year-guidance-after-strong-third-quarter\/","title":{"rendered":"KVH Raises 2010 Full-Year Guidance After Strong Third Quarter"},"content":{"rendered":"<p>[10-26-10] <strong>KVH Industries<\/strong>\u2019 third quarter profits rose from $385,000 in 2009 to $637,000 in 2010 due to growth in its global satellite communications and fiber-optic businesses, the company announced in its latest financial results, issued Oct. 25.<br \/>\n&nbsp;&nbsp;&nbsp; KHV\u2019s revenues also rose 23 percent to $27.8 million in the third quarter, with projected fourth quarter revenues now estimated to be in the range of $26.5 million to $28.5 million. The company said its third quarter performance should ensure that full-year revenues fall between $111.7 and $113.7 million.<br \/>\n&nbsp;&nbsp;&nbsp; Transaction costs associated with KVH\u2019s acquisition of <strong>Virtek Communications<\/strong> earlier this year and a change to the deferred income tax valuation allowance played an important part in the quarterly results, KVH CFO Patrick Spratt said in a conference call. Excluding the Virtek Communications acquisition and tax valuation change, net income was $5 million for the period.<br \/>\n&nbsp;&nbsp;&nbsp; \u201cThe fourth quarter will be more challenging that we had anticipated a few months ago, yet it also holds great promise. Our fiber-optic gyro business is expected to be roughly flat year-over-year, due to an approximate $5.5 million reduction in sales related to remote weapon systems produced by our primary customer in this market,\u201d Spratt said.<br \/>\n&nbsp;&nbsp;&nbsp; KYH also said it booked a $13 million tactical navigation order during the quarter that will begin to generate revenue in early 2011. The company\u2019s cash equivalents and marketable securities stand at $37.26 million at the end of September.<\/p>\n<h2>\nRelated Stories-<\/h2>\n<p>\n<b class=\"titlelink\">KVH, ViaSat Double European Capacity with NSS-6 Addition<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tOctober 25, 2010<br \/>\n[10-25-10] KVH Industries and  its partner ViaSat have increased their mini-VSAT broadband network\u2019s  capacity in the European region by 100 percent through the addition of  the NSS-6 satellite s Ku-band coverage, the companies\u2026<\/p>\n<p><b class=\"titlelink\">KVH Buys Virtek Communications for $6.5 Million<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tSeptember 10, 2010<br \/>\n[09-10-10] KVH Industries has  acquired Norwegian software company Virtek Communications, which  specializes in the development and deployment of commercial maritime  middleware, for $6.5 million in cash, KVH announced Sept. 8\u2026<\/p>\n<p><b class=\"titlelink\">How KVH, ViaSat Built a Global Mini-VSAT Network<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" width=\"14\" height=\"14\" align=\"top\" src=\"..\/..\/..\/..\/images\/ico_goldkey.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite News&nbsp;&nbsp; \t\t\tApril 27, 2010<br \/>\n[04-27-10] Ever since KVH  Industries and ViaSat introduced the Mini-VSAT broadband service with  ViaSat s ArcLight spectrum mobile broadband technology in July 2007, the  two partners have worked to create a global network by\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[10-26-10] KVH Industries\u2019 third quarter profits rose from $385,000 in 2009 to $637,000 in 2010 due to growth in its global satellite communications and fiber-optic businesses, the company announced in its latest financial results, issued Oct. 25. &nbsp;&nbsp;&nbsp; KHV\u2019s revenues also rose 23 percent to $27.8 million in the third quarter, with projected fourth quarter [&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-85954","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85954"}],"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=85954"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85954\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}