secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001007587-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH Q2 revenue $34.2M (-1% YoY); FY guidance reduced to $133-139M
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- Revenue $34.2M down 1% YoY; VSAT airtime +4% to $26.9M.
- Net income $0.9M ($0.05 EPS) vs net loss of $0.2M a year ago.
- Non-GAAP adjusted EBITDA $4.2M, up from $3.2M in Q2 2022.
- FY 2023 guidance lowered: revenue $133-139M, adjusted EBITDA $12-15M.
- CEO cites competitive headwinds from LEO services and streaming transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758723000006/0001007587-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758723000006/kvhi-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001007587-23-000006

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