Company: KVHI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001007587-25-000022
Chunk: 43

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 related to stock-based awards and employee stock purchase plan1,137 1,629 Unrealized currency translation loss306 280 Changes in operating assets and liabilities:Accounts receivable(2,704)896 Inventories9,559 (6,157)Prepaid expenses and other current assets6,866 (16,128)Other non-current assets278 692 Accounts payable(310)5,404 Deferred revenue232 (270)Accrued compensation, product warranty and other(748)(6,489)Net cash provided by (used in) operating activities$13,715 $(13,573)Cash flows from investing activities:Capital expenditures(5,012)(6,570)Cash paid for acquisition of intangible asset(26)(31)Proceeds from sale of fixed assets2,033 — Proceeds from the sale of fixed assets located at 50 Enterprise Center Middletown, Rhode Island4,926 — Proceeds from the sale of fixed assets located at 75 Enterprise Center Middletown, Rhode Island7,838 — Purchases of marketable securities— (1,892)Maturities and sales of marketable securities— 25,000 Net cash provided by investing activities$9,759 $16,507 Cash flows from financing activities:Proceeds from stock options exercised and employee stock purchase plan46 96 Purchase of treasury stock(1,372)— Net cash (used in) provided by financing activities$(1,326)$96 Effect of exchange rate changes on cash and cash equivalents84 72 Net increase in cash and cash equivalents22,232 3,102 Cash and cash equivalents at beginning of period50,572 11,294 Cash and cash equivalents at end of period$72,804 $14,396 Supplemental disclosure of non-cash investing and financing activities:Amounts in accrued other and accounts payable related to property and equipment additions$27 $31 

See accompanying Notes to Unaudited Consolidated Financial Statements.7

KVH INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Interim Financial Statements

(Unaudited, all amounts in thousands except per share amounts)

(1)    Description of Business

KVH Industries, Inc. (together with its subsidiaries, the Company or KVH) develops, markets, and supports mobile connectivity and managed services and products for