Company: KVHI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001007587-25-000022
Chunk: 158

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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147 289 427 937 969 1,407 3,072 6,771 Sales, marketing and supportPersonnel costs3,582 3,460 10,191 10,750 Professional fees356 231 957 612 Other (4)946 1,241 3,706 4,288 4,884 4,932 14,854 15,650 General and administrativePersonnel costs2,268 1,734 6,193 7,747 Professional fees505 899 1,508 1,926 Other (5)918 1,156 3,105 3,541 3,691 3,789 10,806 13,214 Long-lived asset impairment charge— 1,137 — 1,137 Other segment items (6)(697)(792)(2,530)(1,940)Net loss$(6,934)$(1,199)$(7,714)$(6,738)(1)Includes costs related to Inmarsat, service activations, content service, CommBox Edge and other miscellaneous(2)Includes costs related to CommBox Edge, TracNet Coastal, obsolete inventory write-off and other miscellaneous(3)Includes facilities and other less significant expenses(4)Includes marketing expenses, external commissions, travel and entertainment, facilities expense, warranty expense and other less significant expenses(5)Includes the financing fees, facilities expense, computer expenses, depreciation and amortization and other less significant expenses

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(6)Other segment items includes interest income; other income (expense), net; and income tax expense (benefit) line items on the face of the income statementRegarding the Company's long-lived assets of $26,931, $8,995 of these assets are located inside of the United States. Regarding the assets located outside of the United States, $6,346 are located in Singapore. The geographic location of the Company's AgilePlans revenue-generating assets has been determined based upon the customer shipping address.

(19)     Share Buyback Program

On December 9, 2024, the Board of Directors of the Company authorized a share repurchase program pursuant to which the Company may purchase outstanding shares of the Company’s common stock for an aggregate purchase price of up to $10 million.Under the program, the Company, at management’s discretion, may repurchase shares from time to time through various means, including