KVH Industries Q3 revenue down 5% to $33.5M; net loss $4.2M on $6.0M impairment

KVH INDUSTRIES INC DE

2023-Q3 EPS reported -$0.17 revenue$100,924,000

Revenue $33.5M vs $35.2M Q3 2022 (-5%); VSAT airtime revenue up 3% to $27.4M.
Net loss $4.2M ($0.22/share) vs $0.1M loss year ago; includes $6.0M impairment charges.
Non-GAAP adjusted EBITDA $4.5M vs $3.9M, excluding impairment charges.
Product revenue fell 37% to $4.2M; Starlink product sales rose $0.6M, offsetting declines.
New Starlink reseller agreement and exclusive Kognitive Networks maritime deal announced.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KVH INDUSTRIES INC DE reported the quarter ended September 30, 2023 results: revenue $33.5 million, net income net loss from continuing operations in the third quarter of 2023 was $4.2 million, or $0.22 per share, EPS $0.22 per share.

Period: the quarter ended September 30, 2023
Revenue: $33.5 million
Net income: net loss from continuing operations in the third quarter of 2023 was $4.2 million, or $0.22 per share
EPS: $0.22 per share
Result: reported results

Exact text from the filing

of the webcast will be available through the company’s website. Third Quarter 2023 Highlights • Total revenues from continuing operations in the third quarter of 2023 were $33.5 million, down 5% from $35.2 million in the third quarter of 2022. • VSAT airtime revenue increased $0.7 million, to $27.4 million, or 3%, in the third quarter of 2023 compared to the

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Source: SEC EDGAR

accession 0001007587-23-000010

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