secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001007587-22-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH Industries Q3: revenue up 2%, adjusted EBITDA $4.1M; inertial nav sale gain boosts net income to $29.6M
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- Revenue from continuing ops $35.2M (+2% YoY); net loss from continuing ops $0.1M vs net income $3.7M (included $7M PPP forgiveness) YoY.
- Non-GAAP adjusted EBITDA from continuing ops $4.1M vs $0.8M; non-GAAP EPS $0.07 vs -$0.07 YoY.
- Disposed inertial navigation business for $30.9M pre-tax gain; net income including discontinued ops $29.6M ($1.58 diluted EPS).
- Mini-VSAT Broadband airtime revenue grew 8% to $26.7M on 4% subscriber growth; launched TracNet H-series and KVH ONE hybrid network.
- Won five-year U.S. Coast Guard contract worth up to $69M; recurring operating expenses cut ~15% from Q3 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000018/0001007587-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758722000018/kvhi-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001007587-22-000018

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