secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001007587-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH Q4 net loss $12.2M on $31.5M revenue; guides 2024 rev $125-135M
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- Q4 revenue fell 13% YoY to $31.5M; net loss of $12.2M ($0.63/share) vs net income $0.8M a year ago.
- Full-year 2023 revenue $132.4M (-5% YoY); net loss $15.4M ($0.81/share) vs $4.0M loss in 2022.
- Records $5.2M inventory write-down and $3.6M purchase-order charge as it winds down manufacturing in RI.
- Non-GAAP adjusted EBITDA Q4 $2.3M vs $4.5M; full year $14.3M vs $13.2M.
- FY 2024 guidance: revenue $125M–$135M, adjusted EBITDA $11M–$17M amid market transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758724000002/0001007587-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758724000002/kvhi-20240315.htm
  HTML page:      https://secwatch.observer/filing/0001007587-24-000002

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