Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: KVH Industries, Inc. Roger Kuebel 401-608-8945 rkuebel@kvh.com KVH Industries Reports Fourth Quarter and Full Year 2023 Results MIDDLETOWN, RI, March 15, 2024 — KVH Industries, Inc., (Nasdaq: KVHI), reported financial results for the quarter and full year ended December 31, 2023 today. The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will ...

KVH Industries, Inc. (NASDAQ:KVHI) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants Roger Kuebel - Chief Financial Officer Brent Bruun - Chief Executive Officer Bob Balog - Chief Operating Officer Conference Call Participants Chris Quilty - Quilty Space Ryan Koontz - Needham & Company Operator Good day and thank you for standing by. Welcome to the Q3 2023 KVH Industries Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) Delaware 05-0420589 50 Enterprise Center, Middletown, RI 02842 (Address of Principal Executive Of ices) (Zip Code) (401) 847-3327 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of Each Clas ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-28082 KVH Industries, Inc. (Exact Name of Registrant as Specified in its Charter) Washington, D.C. 20549 FORM 10-Q (Mark One) (State or Other Jurisdiction of Incorporation or ...

Financial Data and Key Metrics Changes - The first quarter revenue was $33.7 million, an increase of $0.5 million from $33.2 million in Q1 2022 [14] - Gross profit margin for Q1 was 37%, down from 38% in the same period last year [14] - Adjusted EBITDA for the quarter was $3.3 million, compared to $1.8 million in the previous year [18] - The net loss from continuing operations was $12,000, compared to a net loss of $4.3 million in Q1 2022 [36] Business Line Data and Key Metrics Changes - Airtime revenue increased to $27 million, up 13% year-over-year [34] - Product revenue for Q1 was $4.9 million, a decrease of $1.6 million or 25% from the previous year, primarily due to a decline in VSAT product sales [16] - Airtime gross margin was 42%, slightly up from 41.2% last year [15] Market Data and Key Metrics Changes - The total subscriber base surpassed 7,000, indicating growth in customer acquisition [34] - The company is seeing a shift where more vessels are transitioning from L-band services to higher-throughput services [51] Company Strategy and Development Direction - The company aims to expand airtime revenue and subscriber base while converting competitor systems to gain market share [6] - A new 5G/LTE auto activation program has been launched to enhance service adoption among TracNet customers [8] - The company is pursuing a hybrid approach by integrating 5G and WiFi capabilities into its TracNet systems to counter new LEO systems entering the market [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strategic objectives for the year, including expanding value-added services and pursuing new hardware-agnostic approaches [31] - The company anticipates releasing several new products that will create new airtime revenue streams later this year or early 2024 [31] - Management noted that while challenges may arise, they remain optimistic about delivering healthy growth and sustained profitability [31] Other Important Information - The company has a strong balance sheet with a cash balance of $69 million and no debt [5] - Capital expenditures for the quarter were $2.1 million, with operational cash flow being positive by almost $2 million [19] - The company continues to expect full-year revenue between $145 million and $155 million and adjusted EBITDA between $17 million and $23 million [45] Q&A Session Summary Question: When does the new VSAT program start? - The program officially launched as of May 1 [47] Question: Is the H90 terminal orbit-specific? - The H90 terminal is Ku-band only and operates on the standard Flex network [48][49] Question: Will the new NGSO capacity replace the Starlink offering? - The new capacity is anticipated to be offered in tandem with existing services [50] Question: Are more vessels switching from L-band to higher-throughput services? - There is a noted shift where vessels are increasingly converting from L-band solutions to higher-throughput services [51]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-28082 KVH Industries, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation o ...

Financial Data and Key Metrics Changes - The company's fourth quarter revenue was $36 million, a 2% increase year-over-year, with operating income of $600,000 compared to an operating loss of $3.9 million in Q4 2021, marking the first operating profit in over six years [8][38]. - Adjusted EBITDA for the quarter was $4.3 million, up from $700,000 in the fourth quarter of 2021 [17]. - Airtime revenue increased by 12% to $26.8 million, with a gross margin of 43.5%, up 9 percentage points from the prior year [14][15]. Business Line Data and Key Metrics Changes - Product revenue for Q4 was $7.2 million, a decrease of 13% from $8.2 million in the previous year, primarily due to a decline in VSAT product sales [15]. - Operating expenses for the quarter were $12 million, down 23% from the fourth quarter of 2021 [16]. Market Data and Key Metrics Changes - The total subscriber base reached almost 6,900, with continued expansion into India, where the company is shipping legacy systems and plans to shift to new products upon regulatory approval [27]. - The company is launching initiatives to convert VSAT antennas from other manufacturers to work on its network without hardware changes, enhancing service offerings [28]. Company Strategy and Development Direction - The company aims to focus on mobile connectivity and value-added services, having divested from inertial navigation and radio businesses [4]. - Future strategies include expanding the suite of value-added services and pursuing subscriber growth through hardware-agnostic approaches [32][33]. Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the company's turnaround and plans for sustained profitability, emphasizing the importance of innovation and superior service [11][33]. - The company recognizes the competitive landscape with emerging non-geostationary orbit services but believes its hybrid solutions will provide superior value [30][31]. Other Important Information - The company received industry recognition for its TracNet product, highlighting its innovative design and performance [9]. - The company expects to see a reduction in cash balance in the first quarter as accounts payable normalizes [40]. Q&A Session Summary Question: How does the technology evolution on the antenna side impact the company? - Management acknowledged the competitive landscape with new technologies but emphasized the importance of integrated solutions for reliability [23][46]. Question: What are the demand signals in the maritime market? - Management noted that demand is strengthening as COVID-19 restrictions ease, particularly in the maritime sector [47]. Question: How does Starlink impact overall reported margins? - Management indicated that while Starlink offers lower costs per bit, the company plans to offset potential margin erosion through bundled services [70][57]. Question: Is there sufficient capacity in the Indian market for new services? - Management confirmed that through partnerships, capacity concerns are addressed, and new capacity is expected to come online [63][64].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) Delaware 05-0420589 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 50 Enterprise Center, Middletown, RI 02842 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tr ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-28082 KVH Industries, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-28082 KVH Industries, Inc. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or ...