Company: KVHI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001007587-25-000012
Chunk: 41

Company: KVH INDUSTRIES INC \DE\
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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)Net cash provided by (used in) operating activities$3,819 $(15,457)Cash flows from investing activities:Capital expenditures(3,498)(5,105)Cash paid for acquisition of intangible asset(17)(21)Proceeds from sale of fixed assets1,200 — Proceeds from the sale of fixed assets located at 50 Enterprise Center Middletown, Rhode Island4,926 — Purchases of marketable securities— (1,426)Maturities and sales of marketable securities— 21,000 Net cash provided by investing activities$2,611 $14,448 Cash flows from financing activities:Proceeds from stock options exercised and employee stock purchase plan28 96 Purchase of treasury stock(1,256)— Net cash (used in) provided by financing activities$(1,228)$96 Effect of exchange rate changes on cash and cash equivalents157 (24)Net increase (decrease) in cash and cash equivalents5,359 (937)Cash and cash equivalents at beginning of period50,572 11,294 Cash and cash equivalents at end of period$55,931 $10,357 Supplemental disclosure of non-cash investing and financing activities:Amounts in accrued other and accounts payable related to property and equipment additions$18 $21 

See accompanying Notes to Unaudited Consolidated Financial Statements.7

KVH INDUSTRIES, INC. AND SUBSIDIARIES

Notes to Consolidated Interim Financial Statements

(Unaudited, all amounts in thousands except per share amounts)

(1)    Description of Business

KVH Industries, Inc. (together with its subsidiaries, the Company or KVH) develops, markets, and supports mobile connectivity and managed services and products for the marine and land markets.KVH’s service sales primarily represent revenue earned from satellite Internet airtime services. KVH provides, for monthly fixed and per-usage fees, satellite connectivity encompassing broadband Internet and Voice over Internet Protocol (VoIP) services, to its TracNet® H-series and TracPhone® V-HTS series customers via KVH’s global high-throughput satellite (HTS) network. Revenue from our cellular airtime service supplements KVH’s satellite-only airtime revenue following the July 2022 launch of the KVH ONE® hybrid network and TracNet H-series terminals. This service and product combination integrates global satellite service with KV