Company: KVHI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001007587-25-000022
Chunk: 42

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 forfeitures85 1 (1)— — — — — Balance at September 30, 202421,255 $213 $166,874 $(8,442)$(3,857)(1,456)$(12,090)$142,698 

 Common StockAdditionalPaid-inCapitalRetained DeficitAccumulatedOtherComprehensive LossTreasury StockTotalStockholders’Equity SharesAmountSharesAmountBalance at December 31, 202321,067 $211 $165,140 $(1,704)$(4,185)(1,456)$(12,090)$147,372 Net loss— — — (6,738)— — — (6,738)Other comprehensive income— — — — 328 — — 328 Stock-based compensation— — 1,629 — — — — 1,629 Issuance of common stock under employee stock purchase plan24 — 95 — — — — 95 Exercise of stock options and issuance of restricted stock awards, net of forfeitures164 2 10 — — — — 12 Balance at September 30, 202421,255 $213 $166,874 $(8,442)$(3,857)(1,456)$(12,090)$142,698 

See accompanying Notes to Unaudited Consolidated Financial Statements.6

KVH INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited) 

Nine Months Ended September 30, 20252024Cash flows from operating activities:Net loss$(7,714)$(6,738)Adjustments to reconcile net loss to net cash used in operating activities:Provision for credit losses67 35 Depreciation and amortization8,126 10,250 Impairment charge to goodwill and long-lived assets— 1,137 Deferred income taxes4 36 (Gain) loss on disposals of fixed assets(365)1,850 Gain on sale of fixed assets located at 50 Enterprise Center Middletown, Rhode Island(1,319)— Loss on sale of fixed assets located at 75 Enterprise Center Middletown, Rhode Island300 — Compensation expense