secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001007587-21-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH Q3 rev $43M (+5% YoY), GAAP EPS $0.22 includes PPP gain, non-GAAP EPS -$0.05, adj EBITDA $1.5M vs $3.4M prior
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- Total revenue $43.0M, up 5% YoY from $41.1M; GAAP net income $4.0M ($0.22/sh) vs net loss $0.5M prior, benefiting from $7.0M PPP forgiveness.
- Non-GAAP net loss $0.9M ($0.05/sh) vs net income $1.1M ($0.06/sh); adjusted EBITDA fell to $1.5M from $3.4M.
- mini-VSAT airtime revenue up 13% to $24.6M on 12% subscriber growth; AgilePlans rev +54%, now 47% of subscriber base.
- Inertial navigation sales down 11% to $8.4M due to supply chain issues; some orders pushed to Q4.
- Full-year revenue outlook: high single-digit growth over 2020; adj EBITDA growth faster than rev.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758721000014/0001007587-21-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758721000014/kvhi-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001007587-21-000014

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