Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 37

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 at June 30, 2025 and December 31, 2024, respectively212 212 Additional paid-in capital168,082 167,287 Accumulated deficit(13,532)(12,752)Accumulated other comprehensive loss(3,032)(4,032)151,730 150,715 Less: treasury stock at cost, common stock, 1,698,457 and 1,456,109 shares as of June 30, 2025 and December 31, 2024, respectively.(13,346)(12,090)Total stockholders’ equity138,384 138,625 Total liabilities and stockholders’ equity$152,041 $155,081 

See accompanying Notes to Unaudited Consolidated Financial Statements.3

KVH INDUSTRIES, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except earnings per share amounts, unaudited)

Three Months EndedSix Months EndedJune 30,June 30, 2025202420252024Sales:Service$23,049 $24,674 $44,691 $49,712 Product3,574 3,999 7,346 8,228 Net sales26,623 28,673 52,037 57,940 Costs and expenses:Costs of service sales14,210 15,469 28,445 29,513 Costs of product sales3,277 4,299 7,017 9,607 Research and development916 2,326 2,103 5,364 Sales, marketing and support5,010 5,334 9,970 10,718 General and administrative3,580 4,134 7,115 9,425 Total costs and expenses26,993 31,562 54,650 64,627 Loss from operations(370)(2,889)(2,613)(6,687)Interest income579 876 1,146 1,787 Other income (expense), net826 (366)817 (564)Income (loss) before income tax expense (benefit)1,035 (2,379)(650)(5,464)Income tax expense (benefit)105 (3)130 75 Net income (loss)$930 $(2,376)$(780