KVH Q1 revenue down 13% to $25.4M; net loss narrows to $1.7M

KVH INDUSTRIES INC DE

2025-Q1 EPS reported -$0.09 revenue$25,414,000

Total revenue $25.4M vs $29.3M YoY; airtime revenue fell $3.5M to $20.0M.
Net loss $1.7M ($0.09/share) improved from $3.2M loss ($0.16) in Q1 2024.
Non-GAAP adjusted EBITDA dropped to $1.0M from $2.0M YoY.
Record LEO terminal shipments >1,300 units; active vessels >7,400 all-time high.
U.S. Coast Guard contract downgrade reduced airtime by $2.5M YoY.

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