Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 156

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 indicated, certain financial data relating to our operations expressed as a percentage of net sales:

Three Months EndedSix Months Ended June 30,June 30, 2025202420252024Sales:Service86.6 %86.1 %85.9 %85.8 %Product13.4 13.9 14.1 14.2 Net sales100.0 100.0 100.0 100.0 Cost and expenses:Costs of service sales53.4 53.9 54.7 50.9 Costs of product sales12.3 15.0 13.5 16.6 Research and development3.4 8.1 4.0 9.3 Sales, marketing and support18.8 18.6 19.2 18.5 General and administrative13.4 14.4 13.7 16.3 Total costs and expenses101.3 110.0 105.1 111.6 Loss from operations(1.3)(10.0)(5.1)(11.6)Interest income2.2 3.1 2.2 3.1 Other income (expense), net3.1 (1.3)1.6 (1.0)Income (loss) before income tax expense (benefit)4.0 (8.2)(1.3)(9.5)Income tax expense (benefit)0.4 — 0.2 0.1 Net income (loss)3.6 %(8.2)%(1.5)%(9.6)%

Three months ended June 30, 2025 and 2024 

Net Sales

Our net sales for the three months ended June 30, 2025 and 2024 were as follows: 

ChangeFor the three months ended June 30,2025 vs. 202420252024$%(dollars in thousands)Service$23,049 $24,674 $(1,625)(7)%Product3,574 3,999 (425)(11)%Net sales$26,623 $28,673 $(2,050)(7)%

Net sales decreased by $2.1 million, or 7%, for the three months ended June 30, 2025 as compared to the three months ended