secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001007587-22-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH reports Q1 revenue $41.1M (-3% YoY), net loss widens to $4.7M; guidance reaffirmed
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- Revenue $41.1M, down 3% YoY; TACNAV sales fell $4.5M to $0.7M; FOG/OEM product sales up 13%.
- mini-VSAT airtime revenue increased 12% to $24.0M despite 1% subscriber decline after legacy network shutdown.
- GAAP net loss $4.7M ($0.25/share) vs $4.0M ($0.22) in Q1 2021; adjusted EBITDA $1.9M (up from $1.1M).
- FY2022 guidance: revenue growth 2-5%, adjusted EBITDA $11M-$15M; restructuring with headcount reduction substantially complete.
- Interim CEO Brent Bruun says restructuring should benefit Q2; expects sustained profitable growth from core businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000005/0001007587-22-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000005/kvhi-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001007587-22-000005

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