Highest-materiality recent filing
KVH Q2 revenue up 27% to $33.7M; LEO services now 55% of airtime sales
Total revenue $33.7M, up 27% YoY; service revenue $29.7M (+29%).
David M. Tolley elected with 9,904,925 votes for, 4,030,794 against; Stephen H. Deckoff elected with 7,601,581 for, 6,334,009 against.
KVH Q1 2026 revenue $32.3M (+27% YoY); net income $0.6M vs loss year ago
Revenue $32.3M, up $6.9M YoY; service revenue $28.2M (+30%), product revenue $4.2M (+10%).
KVH Q4 net income $0.3M vs loss; revenue up 13% to $30.5M; buyback raised to $15M
Q4 2025 revenue $30.5M (+13% YoY); net income $0.3M ($0.02 EPS) vs net loss $4.3M in Q4 2024.
KVH Q3 revenue $28.5M (-2% YoY); net loss $6.9M on $5.5M inventory write-down
Revenue $28.5M, down 2% YoY but up 7% sequentially; airtime revenue $23.5M (+12% seq).
KVH Industries acquires Asia-Pacific satellite assets for $3.7M to boost maritime distribution
Acquired customer/vendor agreements and other assets for $3.1M; paid $0.6M for satellite communications equipment inventory.
KVH Q2 net income $0.9M, revenue $26.6M; LEO airtime share surpasses 30%
Net income $0.9M ($0.05/share) vs net loss $2.4M ($0.12) in Q2 2024; adjusted EBITDA $2.7M.
KVH shareholders re-elect Bruun, Spytek as directors; say-on-pay and auditor ratified
Brent C. Bruun elected with 12,099,018 votes for; Joseph Spytek with 12,834,651 for.
KVH Q1 revenue down 13% to $25.4M; net loss narrows to $1.7M
Total revenue $25.4M vs $29.3M YoY; airtime revenue fell $3.5M to $20.0M.
KVH Q4 net loss narrows to $4.3M; 2025 revenue guidance $115-125M
Q4 revenue $26.9M (-14% YoY); airtime revenue fell 20% to $20.8M.
KVH sells two RI properties for $13M; authorizes $10M share buyback
Sold 75 Enterprise Center to Knight Capital for $8.5M; 50 Enterprise Center to 50 Enterprise LLC for $4.5M.
KVH Industries Q3 revenue down 13% to $29M; net loss $1.2M, non-GAAP EBITDA $2.9M
Total revenue $29.0M, down 13% YoY; net loss $1.2M ($0.06/share) improved from $4.4M loss in Q3 2023.
KVH Q2 revenue falls 15% to $28.7M; net loss of $2.4M vs prior-year profit
Total revenue $28.7M, down 15% YoY; airtime revenue decreased $3.9M to $23.0M.
KVH Industries annual meeting elects director, approves say-on-pay, ratifies auditor
David B. Kagan elected Class I director with 10,345,751 votes for, 2,199,490 against.
KVH Q1 revenue down 14% to $29.3M; guides FY24 revenue $117-127M, EBITDA $6-12M
Revenue $29.3M (-14% YoY); net loss $3.2M ($0.16/sh) vs net income $0.4M in Q1 2023.
KVH Q4 net loss $12.2M on $31.5M revenue; guides 2024 rev $125-135M
Q4 revenue fell 13% YoY to $31.5M; net loss of $12.2M ($0.63/share) vs net income $0.8M a year ago.
Wind down manufacturing at Middletown, RI facility by end Q2 2024; reduce headcount ~75 (20% of workforce).
KVH Industries Q3 revenue down 5% to $33.5M; net loss $4.2M on $6.0M impairment
Revenue $33.5M vs $35.2M Q3 2022 (-5%); VSAT airtime revenue up 3% to $27.4M.
KVH Q2 revenue $34.2M (-1% YoY); FY guidance reduced to $133-139M
Revenue $34.2M down 1% YoY; VSAT airtime +4% to $26.9M.
KVH Industries annual meeting results; all four proposals approved
David M. Tolley (11.4M for, 2.1M against) and Stephen H. Deckoff (12.9M for, 0.5M against) elected as Class III directors.
KVH Industries Q1 revenue up 2% to $33.7M, nearly break-even vs $4.3M loss YoY
Revenue $33.7M (+2% YoY); VSAT airtime revenue $27.0M (+13%); subscribers up 13% to 7,000.
KVH Q4 net income $0.6M vs loss; guides FY23 rev $145-155M, adj EBITDA $17-23M
Q4 revenue $36.0M (+2% YoY); service revenue $28.8M (+7% YoY).
KVH settles with activist Black Diamond, nominates Stephen Deckoff to board
Stephen Deckoff to join KVH board as independent Class III director at 2023 annual meeting; serves as observer until then.
KVH Industries CAO resigns; CFO Kuebel to take over principal accounting officer role
Jennifer L. Baker, VP and Chief Accounting Officer, resigns effective Jan 3, 2023.
Revenue from continuing ops $35.2M (+2% YoY); net loss from continuing ops $0.1M vs net income $3.7M (included $7M PPP forgiveness) YoY.
KVH gets Nasdaq deficiency notice for late Q3 10-Q; 60 days to submit compliance plan
Nasdaq notified KVH on Nov 15, 2022 of non-compliance with Listing Rule 5250(c)(1) due to delayed Form 10-Q.
CEO Brent C. Bruun receives base salary increase to $448,360 and extended retention bonus
Annual base salary raised to $448,360, retroactive to July 1, 2022.
Board unanimously adopted limited-duration (expiring after 2023 annual meeting unless ratified) stockholder rights plan.
KVH sells inertial navigation business to EMCORE for ~$55M cash; pro forma losses widen
Disposed of inertial navigation segment to EMCORE (EMKR) on Aug 9, 2022 for ~$55M cash.
KVH sells inertial navigation segment to EMCORE for $55M cash, terminates credit agreement
Sold inertial navigation business assets (incl. Tinley Park facility) to EMCORE for ~$55M cash, subject to working capital adjustments.
KVH sells inertial nav business for $55M; Q2 rev down 4% to $41.8M, net loss narrows to $1.4M
Q2 revenue $41.8M (-4% YoY); net loss $1.4M ($0.08/share) vs loss $5.7M ($0.31) prior year.
KVH Industries appoints Brent C. Bruun as permanent CEO, adds two new directors
Brent C. Bruun appointed President, CEO and Class II director effective June 15, 2022; he served as interim CEO since March 2022.
KVH stockholders elect Charles Trimble, approve equity plan, say-on-pay, and auditor ratification
Charles R. Trimble elected Class II director with 12,426,325 votes for, 840,018 against, 157,309 abstentions, 2,873,584 broker non-votes.
KVH reports Q1 revenue $41.1M (-3% YoY), net loss widens to $4.7M; guidance reaffirmed
Revenue $41.1M, down 3% YoY; TACNAV sales fell $4.5M to $0.7M; FOG/OEM product sales up 13%.
Director Danelle M. Barrett resigns from KVH board effective May 20, 2022
Danelle M. Barrett notified board of resignation for personal reasons, effective May 20, 2022.
Martin Kits van Heyningen, co-founder and President/CEO since 1982/1990, retires; becomes Senior Advisor to Board.
Q4 revenue $43.1M (-2% YoY); net loss -$4.1M ($0.22 per share) vs -$11.6M ($0.65) last year.
KVH director Robert E. Tavares resigns effective Feb 7, 2022
Robert E. Tavares resigned from the Board for personal reasons, effective February 7, 2022.
Total revenue $43.0M, up 5% YoY from $41.1M; GAAP net income $4.0M ($0.22/sh) vs net loss $0.5M prior, benefiting from $7.0M PPP forgiveness.
KVH Industries receives full forgiveness of $6.9M PPP loan; other income in Q3 2021
SBA approved full forgiveness of $6.9 million PPP loan on September 19, 2021.
KVH Q2 revenue up 17% to $43.4M; adjusted EBITDA turns positive at $1.5M
Revenue $43.4M, up 17% from $36.9M in Q2 2020.
Mr. Pike will succeed Roger A. Kuebel, whose last day in that position is anticipated to be March 31, 2024.
On February 9, 2024, as part of the restructuring, the Board of Directors of the Company voted to appoint Anthony Pike to serve as the Company’s chief financial officer, effective April 1, 2024.
the Board of Directors terminated the employment of Robert Balog, the Company’s Chief Operating Officer.
upon her departure, Roger A. Kuebel, Chief Financial Officer of KVH, will assume the role of principal accounting officer of KVH.
On December 14, 2022, Jennifer L. Baker, Vice President and Chief Accounting Officer of KVH Industries, Inc. (“ KVH ”), announced to KVH that she is resigning from KVH.
the Board of Directors of the Company appointed David M. Tolley as a Class III member of the Board of Directors
Mr. Kagan's appointment was effective on June 21, 2022.
On June 15, 2022, the Board of Directors of KVH Industries, Inc. (the “Company”) appointed Brent C. Bruun as the President and Chief Executive Officer of the Company and as a Class II member of the Board of Directors.
On May 4, 2022, Danelle M. Barrett, notified the Chairman of the Board of Directors (the “Board”) of KVH Industries, Inc. (the “Company”) of her decision to resign from her position as a member of the Company's Board for personal reasons, effective May 20, 2022.
announced that its longstanding President and Chief Executive Officer, Martin Kits van Heyningen, is retiring from his executive and Board roles after more than 40 years at the Company.
Also on March 6, 2022, the Board of Directors of the Company named Brent C. Bruun, currently the Company’s Chief Operating Officer, as interim President and Chief Executive Officer.
On January 31, 2022, Robert E. Tavares, notified the Chairman of the Board of Directors (the “Board”) of KVH Industries, Inc. (the “Company”) of his decision to resign from his position as a member of the Company's Board for personal reasons, effective February 7, 2022.
Max materiality 0.85 · Median 0.70 · Most common event earnings