Company: KVHI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001007587-25-000022
Chunk: 5

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 5
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.3 Total costs and expenses126.9 106.9 112.8 110.0 Loss from operations(26.9)(6.9)(12.8)(10.0)Interest income2.4 2.2 2.3 2.8 Interest expense— — — — Other income (expense), net0.1 0.7 1.1 (0.4)Loss before income tax expense(24.4)(4.0)(9.4)(7.6)Income tax expense0.1 0.2 0.2 0.1 Net loss(24.5)%(4.2)%(9.6)%(7.7)%

27

Three months ended September 30, 2025 and 2024 

Net Sales

Our net sales for the three months ended September 30, 2025 and 2024 were as follows: 

ChangeFor the three months ended September 30,2025 vs. 202420252024$%(dollars in thousands)Service$25,388 $24,410 $978 4 %Product3,065 4,561 (1,496)(33)%Net sales$28,453 $28,971 $(518)(2)%

Net sales decreased by $0.5 million, or 2%, for the three months ended September 30, 2025 as compared to the three months ended September 30, 2024. Service sales increased by $1.0 million, or 4%, to $25.4 million for the three months ended September 30, 2025 from $24.4 million for the three months ended September 30, 2024. The increase in service sales was primarily due to a $0.7 million increase in our airtime service sales, which reflected a substantial increase in LEO service sales driven by an increase in subscribers for both Starlink and OneWeb. This increase in LEO service sales was largely offset by a substantial decrease in VSAT service sales, which was driven primarily by a decrease in VSAT subscribers, as well as a $2.3 million reduction in sales related to the U.S. Coast Guard contract downgrade in the third quarter of 2024. For the three months ended September 30, 2025, LEO services sales represented over 40% of airtime services sales, as compared to