secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001007587-23-000010
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758723000010/0001007587-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758723000010/kvhi-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001007587-23-000010

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