Company: KVHI
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001007587-25-000003
Chunk: 117

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 117
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Net loss$(11,048)$(15,422)Net loss per common shareBasic$(0.57)$(0.81)Diluted$(0.57)$(0.81)Weighted average number of shares outstanding:Basic19,389 19,130 Diluted19,389 19,130 

See accompanying Notes to Consolidated Financial Statements.42

KVH INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(in thousands)

Year Ended December 31,20242023Net loss$(11,048)$(15,422)Other comprehensive income (loss), net of tax:Unrealized gain on available-for-sale securities— 12 Foreign currency translation adjustment153 (87)Other comprehensive income (loss), net of tax (1)153 (75)Total comprehensive loss$(10,895)$(15,497)

(1) Tax impact was nominal for all periods.

See accompanying Notes to Consolidated Financial Statements.43

 KVH INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY 

(in thousands)

 Common StockAdditionalPaid-inCapitalRetained Earnings (Accumulated Deficit)AccumulatedOtherComprehensiveLossTreasury StockTotalStockholders’Equity SharesAmountSharesAmountBalance at December 31, 202220,631 $206 $160,475 $13,718 $(4,110)(1,433)$(11,851)$158,438 Net loss— — — (15,422)— — — (15,422)Other comprehensive loss— — — — (75)— — (75)Stock-based compensation— — 2,078 — — — — 2,078 Issuance of common stock under employee stock purchase plan17 — 123 — — — — 123 Acquisition of treasury stock— — — — — (23)(239)(239)Exercise of stock options and issuance of restricted stock awards, net of forfeitures419 5 2,464 — — — — 2,469 Balance at December 31, 202321,067 $211 $165,140 $(1,704)$(4,185)(