KVH Industries, Inc. Provides Revenue Guidance for 2021
March 02, 2021 at 06:00 am EST
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KVH Industries, Inc. provided revenue guidance for 2021. The company continues to invest in longer term opportunities as well, including the autonomous everything market where new PIC-based gyros offer needed precision at a competitive price. The company believes these are the initiatives that will fuel growth in 2021 and beyond. Assuming that the pandemic continues to recede, and see a return to more normal consumer behavior starting in July, the company expects the second half of the year to show stronger growth in both of markets. As a result, the company anticipates full year revenues to increase by mid-to high single digits on an annual basis.
KVH Industries, Inc. is a provider of technology-driven connectivity solutions to primarily maritime customers globally. The Company provides global high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite to mobile users at sea and on land. It is also a provider of commercially licensed entertainment, including news, sports, music, and movies, to commercial customers in the maritime and hotel markets, along with supplemental value-added cybersecurity, email, and crew Internet services. It provides integrated, end-to-end services, software, and hardware that support its customersâ need for access to the Internet, VoIP, operations content, and entertainment services while on the move. The Company also manufactures in-motion, stabilized antennas that provide receive-only satellite television services. The Company also offers variety of value-added services to its maritime customers as well as news content to its hotel customers.
KVH INDUSTRIES, INC. 
