KVH Q2 net income $0.9M, revenue $26.6M; LEO airtime share surpasses 30%

KVH INDUSTRIES INC DE

2025-Q2 EPS reported -$0.04 revenue$52,037,000

Net income $0.9M ($0.05/share) vs net loss $2.4M ($0.12) in Q2 2024; adjusted EBITDA $2.7M.
Revenue $26.6M, down 7% YoY but up 5% sequentially; airtime revenue $21.1M (-8% YoY, +5% QoQ).
Sale of 50 Enterprise Center closed June 2025: $1.3M gain, $4.9M net cash proceeds.
LEO services now >30% of airtime sales (vs <10% a year ago); maritime subscribers exceeded 8,000 vessels.
Operating expenses reduced to $9.5M from $11.8M YoY, with $2.0M decrease in salaries and benefits.

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