Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 144

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 144
---
 customers.The Company offers a comprehensive family of mobile satellite antenna services and products that provide access to the Internet, television, and VoIP services while on the move. Service sales of airtime service accounted for 79% and 80% of the Company's consolidated net sales for the three months ended June 30, 2025 and 2024, respectively, and 79% and 80% of the Company's consolidated net sales for the six months ended June 30, 2025 and 2024, respectively. The balance of service sales are comprised of distribution of commercially licensed entertainment and news, product repairs, and extended warranty sales. Product sales accounted for 13% and 14% of the Company's consolidated net sales for the three months ended June 30, 2025 and 2024, respectively, and 14% of the Company's consolidated net sales for the both the six months ended June 30, 2025 and 2024.No other single product class accounts for 10% or more of the Company's consolidated net sales.The Company operates in a number of major geographic areas, including internationally. Revenues from international locations primarily include Singapore, Canada, South American countries, European Union countries and other European countries, and countries in Africa, the Middle East and Asia/Pacific, including India. Revenues are based upon customer location, and revenues from international locations represented 78% and 71% of consolidated net sales for the three months ended June 30, 2025 and 2024, respectively, and 79% and 72% of consolidated net sales for the six months ended June 30, 2025 and 2024, respectively. Sales to Singapore customers represented 21% and 20% of the Company's consolidated net sales for the three months ended June 30, 2025 and 2024, respectively. No other individual foreign country represented 10% or more of the Company's consolidated net sales for the three months ended June 30, 2025 or 2024. Sales to Singapore customers represented 22% and 21% of the Company's consolidated net sales for the six months ended June 30, 2025 and 2024, respectively. No other individual foreign country represented 10% or more of the Company's consolidated net sales for the six months ended June 30, 2025 or 2024.Business and Credit ConcentrationsConcentrations of risk with respect to trade accounts receivable are generally limited due