secwatch.observer — SEC 8-K summary
======================================

Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001007587-22-000001
Event type: earnings
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH reports Q4 revenue down 2% to $43.1M, net loss narrows; CEO retires, restructuring with 10% workforce cut
--------------------------------------------------------------------------------

- Q4 revenue $43.1M (-2% YoY); net loss -$4.1M ($0.22 per share) vs -$11.6M ($0.65) last year.
- Mini-VSAT airtime revenue up 18% to $23.9M; subscribers up 12%.
- TACNAV sales plummeted $7M to $0.2M, partially offset by FOG sales +18%.
- CEO Martin Kits van Heyningen retires; COO Brent Bruun becomes Interim CEO.
- Restructuring: 10% workforce reduction, annual savings ≥$5M; 2022 EBITDA guidance $11-15M vs $4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000001/0001007587-22-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000001/kvhq420218-k.htm
  HTML page:      https://secwatch.observer/filing/0001007587-22-000001

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer