KVH Industries Expects 2024 Revenue Of $125M-$135M, Est $129.15M
Portfolio Pulse from Benzinga Newsdesk
KVH Industries projects its 2024 revenue to be between $125M-$135M, aligning with an estimated $129.15M. The company also forecasts an adjusted EBITDA ranging from $11M to $17M.
March 15, 2024 | 11:06 am
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KVH Industries anticipates 2024 revenue to be in the range of $125M-$135M, with an estimated midpoint close to analyst expectations at $129.15M. Adjusted EBITDA is expected to be between $11M and $17M.
The company's revenue forecast aligns closely with analyst expectations, indicating a positive outlook and potentially driving investor confidence. The projected adjusted EBITDA further supports the company's profitability expectations, likely contributing to a positive short-term impact on KVHI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100