Company: KVHI
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001007587-25-000008
Chunk: 23

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 months ended March 31, 2025 and 2024, respectively: Three Months Ended March 31,20252024Cost of service sales$7 $7 Cost of product sales5 9 Research and development(49)89 Sales, marketing and support77 71 General and administrative297 346 $337 $522 (d) Accumulated Other Comprehensive Loss (AOCL)Comprehensive income (loss) includes net income (loss), unrealized gains and losses from foreign currency translation, and unrealized gains and losses on available for sale marketable securities. The components of the Company’s comprehensive income (loss) and the effect on earnings for the periods presented are detailed in the accompanying consolidated statements of comprehensive income (loss).

The balances for the three months ended March 31, 2025 and 2024 are as follows:Foreign Currency TranslationTotal Accumulated Other Comprehensive LossBalance, December 31, 2024$(4,032)$(4,032)Other comprehensive income722 722 Net other comprehensive income722 722 Balance, March 31, 2025$(3,310)$(3,310)Foreign Currency TranslationTotal Accumulated Other Comprehensive LossBalance, December 31, 2023$(4,185)$(4,185)Other comprehensive income229 229 Net other comprehensive income229 229 Balance, March 31, 2024$(3,956)$(3,956)

(6)     Net Loss per Common Share

    Basic net loss per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. For the three months ended March 31, 2025 and 2024 since there was a net loss, the company excluded 1,141 and 1,584 shares, respectively, in outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these convertible securities would have reduced the net loss per share.

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A reconciliation of the basic and diluted weighted average common shares outstanding is as follows: Three Months Ended March 31, 20252024Weighted average common shares outstanding—basic19,492 19,286 Dilutive common shares issuable in connection with stock plans— — Weighted average common shares outstanding