MIDDLETOWN – KVH Industries President and Chief Executive Officer Martin Kits van Heyningen said that preliminary results show the company posted record quarterly revenues of approximately $9 million while KVH’s fourth quarter loss is expected to be less that Wall Street estimates.
During a recent presentation to investors, Kits van Heyningen also indicated that he expects that KVH’s 2001 revenues will be approximately $33 million, a 10 percent increase over 2000. Kits van Heyningen also cited the October 2001 announcement of KVH’s mobile, high-speed Internet service and the ongoing development of an automotive satellite TV antenna as key elements in the company’s anticipated growth in the next year.
