Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 136

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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122 shares of restricted stock were granted with a weighted average grant date fair value of $5.03 per share and 43 shares of restricted stock were forfeited. Additionally, during the six months ended June 30, 2024, 142 shares of restricted stock vested. As of June 30, 2025 and 2024, the Company had no unvested outstanding options and no outstanding shares of restricted stock that were subject to performance-based or market-based vesting conditions.(b) Employee Stock Purchase PlanThe Company's ESPP affords eligible employees the right to purchase common stock, via payroll deductions, through various offering periods at a purchase price equal to 85% of the fair market value of the common stock on the first or last day of the offering period, whichever is lower. During the three months ended June 30, 2025 and 2024, no shares were issued under the ESPP. During the six months ended June 30, 2025 and 2024, 0 and 24 shares were issued under the ESPP, respectively. The Company recorded compensation charges related to the ESPP of $2 and $1 for the three months ended June 30, 2025 and 2024, respectively, and $4 and $6 for the six months ended June 30, 2025 and 2024, respectively.(c) Stock-Based Compensation ExpenseThe following table presents stock-based compensation expense, including expense for the ESPP, in the Company's consolidated statements of operations for the six months ended June 30, 2025 and 2024, respectively: Three Months Ended June 30,Six Months Ended June 30,2025202420252024Cost of service sales$6 $7 $13 $14 Cost of product sales5 5 10 14 Research and development41 174 (8)263 Sales, marketing and support77 74 154 145 General and administrative305 462 602 808 $434 $722 $771 $1,244 (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).

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