KVH Q2 revenue up 17% to $43.4M; adjusted EBITDA turns positive at $1.5M

KVH INDUSTRIES INC DE

2021-Q2 EPS reported -$0.54 revenue$85,655,000

Revenue $43.4M, up 17% from $36.9M in Q2 2020.
GAAP net loss $5.7M ($0.31/share) vs $3.6M loss; non-GAAP net loss narrowed to $0.8M ($0.05/share).
Adjusted EBITDA improved to $1.5M from break even in Q2 2020.
mini-VSAT Broadband airtime revenue +14% to $23.1M; record unit shipments up 87%.
AgilePlans revenue +54%, now 44% of mini-VSAT Broadband subscriber base.

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