secwatch.observer — SEC 8-K summary
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Issuer:     KVH INDUSTRIES INC DE (KVHI)
CIK:        0001007587
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001007587-24-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KVH Industries Q3 revenue down 13% to $29M; net loss $1.2M, non-GAAP EBITDA $2.9M
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- Total revenue $29.0M, down 13% YoY; net loss $1.2M ($0.06/share) improved from $4.4M loss in Q3 2023.
- Airtime revenue fell $4.6M (-17%) to $22.8M; product revenue up 20% to $4.6M, driven by Starlink (+$1.2M).
- Non-cash impairment charge of $1.1M on long-lived assets for planned sale of facility.
- Non-GAAP adjusted EBITDA $2.9M vs $4.4M a year ago; CEO cites industry disruption and growing LEO/GEO deployments.
- Subscribing vessel count up for second consecutive quarter; record antenna shipments for third straight quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007587/000100758724000011/0001007587-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007587/000100758724000011/kvhi-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001007587-24-000011

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