secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001007587-22-000010
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH sells inertial nav business for $55M; Q2 rev down 4% to $41.8M, net loss narrows to $1.4M
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- Q2 revenue $41.8M (-4% YoY); net loss $1.4M ($0.08/share) vs loss $5.7M ($0.31) prior year.
- Sale of inertial navigation unit to EMCORE for $55M cash; proceeds to fund strategic alternatives or capital return.
- mini-VSAT broadband airtime revenue up 12% to $25.8M; mobile connectivity sales increased $0.8M.
- Inertial navigation sales down 24% ($2.3M); TACNAV product sales fell to $0.2M.
- Non-GAAP adjusted EBITDA $4.1M, up from $1.5M; non-GAAP EPS $0.04 vs -$0.05.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000010/0001007587-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000010/kvhi-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001007587-22-000010

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