Company: KVHI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001007587-25-000022
Chunk: 39

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 shares outstanding at September 30, 2025 and December 31, 2024, respectively213 212 Additional paid-in capital168,470 167,287 Accumulated deficit(20,466)(12,752)Accumulated other comprehensive loss(3,708)(4,032)144,509 150,715 Less: treasury stock at cost, common stock, 1,720,322 and 1,456,109 shares as of September 30, 2025 and December 31, 2024, respectively.(13,462)(12,090)Total stockholders’ equity131,047 138,625 Total liabilities and stockholders’ equity$150,281 $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 EndedNine Months EndedSeptember 30,September 30, 2025202420252024Sales:Service$25,388 $24,410 $70,079 $74,122 Product3,065 4,561 10,411 12,789 Net sales28,453 28,971 80,490 86,911 Costs and expenses:Costs of service sales16,694 14,983 45,139 44,496 Costs of product sales9,846 4,714 16,863 14,321 Research and development969 1,407 3,072 6,771 Sales, marketing and support4,884 4,932 14,854 15,650 General and administrative3,691 3,789 10,806 13,214 Long-lived assets impairment charge— 1,137 — 1,137 Total costs and expenses36,084 30,962 90,734 95,589 Loss from operations(7,631)(1,991)(10,244)(8,678)Interest income681 629 1,827 2,416 Interest expense— 2 — 2 Other income (expense), net32 216 849 (348)Loss before income tax expense(6,918)(1,148)(7,568)(6,612)Income tax expense16