KVH Industries: Compelling Misunderstood Technology Value That Could Easily Double

KVH Industries (NASDAQ:KVHI) is a microcap trading near its 52-week lows. While business and prospects appear to be improving, it is so under-followed, that few people are aware or care. For KVHI shareholders (and undoubtedly its board of directors and management team), it is incredibly frustrating. Imagine, the sole publishing sell-side analyst on the Street takes a hatchet to his 2024 projected EBITDA by more than 50% below the company’s 2023 EBITDA guidance (which is 70% below the original projected 2023 EBITDA). This reduction was primarily based on a new entrant to a segment of the business which ONLY comprises 20% of total EBITDA (@similiar margins).

seekingalpha.com     Sep 05, 2023