KVH Q4 net loss narrows to $4.3M; 2025 revenue guidance $115-125M

KVH INDUSTRIES INC DE

Q4 revenue $26.9M (-14% YoY); airtime revenue fell 20% to $20.8M.
Net loss $4.3M ($0.22/share) vs. $12.2M ($0.63) a year ago.
Shipped >1,000 Starlink terminals in Q4; 2,300 activations in 2024.
FY 2024 revenue $113.8M (-14% YoY); net loss $11.0M vs. $15.4M.
2025 guidance: revenue $115-125M, adjusted EBITDA $9-15M.

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