Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 40

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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ulatedOtherComprehensive LossTreasury StockTotalStockholders’Equity SharesAmountSharesAmountBalance at December 31, 202321,067 $211 $165,140 $(1,704)$(4,185)(1,456)$(12,090)$147,372 Net loss— — — (5,539)— — — (5,539)Other comprehensive income— — — — 194 — — 194 Stock-based compensation— — 1,244 — — — — 1,244 Issuance of common stock under employee stock purchase plan24 — 95 — — — — 95 Exercise of stock options and issuance of restricted stock awards, net of forfeitures79 1 11 — — — — 12 Balance at June 30, 202421,170 $212 $166,490 $(7,243)$(3,991)(1,456)$(12,090)$143,378 

See accompanying Notes to Unaudited Consolidated Financial Statements.6

KVH INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited) 

Six Months Ended June 30, 20252024Cash flows from operating activities:Net loss$(780)$(5,539)Adjustments to reconcile net loss to net cash used in operating activities:Provision for credit losses153 138 Depreciation and amortization5,494 6,985 Deferred income taxes4 36 (Gain) loss on disposals of fixed assets(8)1,211 Gain on sale of fixed assets located at 50 Enterprise Center Middletown, Rhode Island(1,330)— Compensation expense related to stock-based awards and employee stock purchase plan771 1,244 Unrealized currency translation loss915 208 Changes in operating assets and liabilities:Accounts receivable(3,826)(1,801)Inventories2,695 (3,669)Prepaid expenses and other current assets2,455 (14,867)Other non-current assets297 604 Accounts payable(1,092)4,841 Deferred revenue329 (182)Accrued compensation, product warranty and other(2,258)(4,666