Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 149

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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 assess segment performance and allocate resources. The Company’s segment net income for the six months ended June 30, 2025 and 2024 consisted of the following:

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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 Cost of service salesVSAT airtime9,548 13,418 20,744 26,624 LEO airtime4,003 1,307 6,548 1,814 Other (1)659 744 1,153 1,075 14,210 15,469 28,445 29,513 Cost of product salesVSAT590 362 1,184 982 LEO1,133 1,478 2,588 2,750 TracVision & land mobile700 876 1,320 1,943 Other (2)854 1,583 1,925 3,932 3,277 4,299 7,017 9,607 Research and developmentPersonnel costs821 1,986 1,772 4,592 Professional fees13 36 51 124 Other (3)82 304 280 648 916 2,326 2,103 5,364 Sales, marketing and supportPersonnel costs3,378 3,707 6,609 7,290 Professional fees381 214 601 381 Other (4)1,251 1,413 2,760 3,047 5,010 5,334 9,970 10,718 General and administrativePersonnel costs2,047 2,553 3,925 6,013 Professional fees367 437 1,003 1,027 Other (5)1,166 1,144 2,187 2,385 3,580 4,134 7,115 9,425 Other segment items (6)(1,300)(513)(1,833)(1,148)Net income (loss)$930 $(2,376)$(780)$(5