---
schema_version: "secwatch.filing_event.v1"
accession: "0001007587-24-000004"
form_type: "8-K"
ticker: "KVHI"
cik: "0001007587"
company_name: "KVH INDUSTRIES INC DE"
filed_at: "2024-05-06T23:59:59+00:00"
generated_at: "2026-06-02T21:36:37.947124+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KVH Q1 revenue down 14% to $29.3M; guides FY24 revenue $117-127M, EBITDA $6-12M

## Summary
- Revenue $29.3M (-14% YoY); net loss $3.2M ($0.16/sh) vs net income $0.4M in Q1 2023.
- Airtime revenue fell 13% to $23.6M; active vessel base contracted ~4% YoY.
- CEO cites LEO disruption; Starlink shipments nearly doubled QoQ; OneWeb and CommBox Edge expected in Q3.
- Reorganization to yield ~$9M annualized savings; $2.2M termination costs from RI facility wind-down.
- FY24 guidance cut: revenue $117-127M, adj. EBITDA $6-12M; largest customer accelerating Starlink transition.

## SEC filing metadata
- accession: 0001007587-24-000004
- form_type: 8-K
- ticker: KVHI
- cik: 0001007587
- company_name: KVH INDUSTRIES INC DE
- filed_at: 2024-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1007587/000100758724000004/0001007587-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1007587/000100758724000004/kvhi-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001007587-24-000004
- JSON: https://secwatch.observer/filing/0001007587-24-000004.json
- Plain text: https://secwatch.observer/filing/0001007587-24-000004.txt

## Key facts
- Earnings Releases
  KVH INDUSTRIES INC DE reported first quarter ended March 31, 2024 results: revenue $29.3 million, net income $3.2 million, EPS $0.16 per share. Guidance lowered.
  - Period: first quarter ended March 31, 2024
  - Revenue: $29.3 million
  - Net income: $3.2 million
  - EPS: $0.16 per share
  - Guidance: lowered
  - Result: reported results
  source text: call, a replay of the webcast will be available through the company’s website. First Quarter 2024 Highlights • Total revenues decreased by 14% in the first quarter of 2024 to $29.3 million from $34.1 million in the first quarter of 2023. • Airtime revenue decreased $3.5 million, to $23.6 million, or 13%, in the first quarter of 2024 compared to the first quarter of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007587/000100758724000004/0001007587-24-000004-index.htm

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