---
schema_version: "secwatch.filing_event.v1"
accession: "0001007587-23-000003"
form_type: "8-K"
ticker: "KVHI"
cik: "0001007587"
company_name: "KVH INDUSTRIES INC DE"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:11:18.624825+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KVH Industries Q1 revenue up 2% to $33.7M, nearly break-even vs $4.3M loss YoY

## Summary
- Revenue $33.7M (+2% YoY); VSAT airtime revenue $27.0M (+13%); subscribers up 13% to 7,000.
- Net loss from continuing ops $12K (<$0.01 per share) vs $4.3M loss ($0.23) in Q1 2022.
- Non-GAAP adjusted EBITDA $3.3M vs $1.8M YoY; operating expenses down $4.1M to $12.9M.
- Product revenues fell 25% to $4.9M; service revenues rose $2.2M to $28.7M.
- No debt and strong balance sheet; management highlights subscriber and airtime growth initiatives.

## SEC filing metadata
- accession: 0001007587-23-000003
- form_type: 8-K
- ticker: KVHI
- cik: 0001007587
- company_name: KVH INDUSTRIES INC DE
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1007587/000100758723000003/0001007587-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1007587/000100758723000003/kvhi-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001007587-23-000003
- JSON: https://secwatch.observer/filing/0001007587-23-000003.json
- Plain text: https://secwatch.observer/filing/0001007587-23-000003.txt

## Key facts
- Earnings Releases
  KVH INDUSTRIES INC DE reported first quarter ended March 31, 2023 results: revenue $33.7 million, net income $12 thousand, EPS less than one cent per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $33.7 million
  - Net income: $12 thousand
  - EPS: less than one cent per share
  - Result: reported results
  source text: First Quarter 2023 Highlights • Total revenues from continuing operations in the first quarter of 2023 were $33.7 million, up 2% from $33.2 million in the first quarter of 2022. • Our VSAT airtime revenue increased $3.0 million, to $27.0 million, or 13%, in the first quarter of 2023 compared to the first quarter of 2022, partially due to a 13% increase in total subscribers. • Net loss from continuing operations in the first quarter of 2023 was $12 thousand, or less than one cent per share, compared to net loss from continuing operations of $4.3 million, or $0.23 per share, in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007587/000100758723000003/0001007587-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.