Financial Data and Key Metrics Changes - Total revenue for Q1 2022 was $41.1 million, a 3% decrease from $42.3 million in Q1 2021, primarily due to the absence of a large TACNAV order [9][33] - Net loss for Q1 2022 was $4.7 million, or $0.25 per share, compared to a net loss of $4.0 million, or $0.22 per share, in the same quarter last year [10][47] - Adjusted EBITDA for Q1 2022 was $1.9 million, an increase of $800,000 from $1.1 million in Q1 2021 [10][48] Business Line Data and Key Metrics Changes - Mobile connectivity revenue increased by $2.6 million, with airtime revenue rising to $24 million, a 12% increase year-over-year [20][38] - Inertial navigation revenue decreased by $3.8 million year-over-year, with TACNAV sales dropping from $4.5 million in Q1 2021 to $700,000 in Q1 2022 [27][41] - AgilePlans revenue increased by approximately 48% year-over-year, indicating strong growth in the commercial market [24] Market Data and Key Metrics Changes - The mobile connectivity segment's gross margin improved to 39%, up 4 percentage points from the previous year [36] - Airtime gross margin increased to 41%, up 7 percentage points from a year ago, attributed to the shutdown of the legacy network [40] - The company entered Q2 with a $25 million backlog across mobile connectivity and inertial navigation businesses due to supply chain issues [11][28] Company Strategy and Development Direction - The company is focusing on core businesses and has refined its strategic goals for 2022 to drive profitability and shareholder value [14] - A recent divestiture of the retail radio business provided a $2.5 million cash benefit, aligning with the strategy to focus on core operations [15][50] - The company is committed to evaluating product prices and has implemented price increases in response to rising costs [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain challenges but expressed confidence in strong demand in core markets [11][19] - The restructuring efforts are expected to yield benefits by Q3 2022, with a focus on aligning operations with revenue expectations [12][19] - The company anticipates consolidated annual revenue growth between 2% and 5% and adjusted EBITDA between $11 million and $15 million, assuming supply chain issues do not worsen [51] Other Important Information - The company reported a backlog of $20 million for inertial sensors due to supply chain disruptions [28] - The first anniversary of the TracPhone V30 terminal was celebrated, marking it as the most successful VSAT product in company history [23] Q&A Session Summary Question: Clarification on the radio business sale - The net proceeds from the sale of the radio business were $2.5 million, not $25 million as initially misstated [52][53] Question: Evaluation of non-core asset sales - The company is continuously evaluating opportunities to enhance shareholder value but currently has no specific non-core assets targeted for sale [54][56] Question: Impact of recession on business performance - The airtime business model is based on recurring revenue, which has shown resilience during past economic downturns, although leisure hardware sales may be impacted [60][61] Question: Equipment margins outlook - Supply chain challenges have led to increased costs, prompting price increases, but the company expects continued pressure on equipment margins [62][64] Question: Update on CEO search - The board is actively continuing the search for a new CEO, working with an external recruiting firm [70] Question: Overview of the shipping market - The maritime industry faces challenges, but demand for communication services remains strong despite higher fuel costs [72][74] Question: Update on KVH Watch integration - KVH Watch will be integrated with core products, with further updates expected in Q2 2022 [80] Question: Autonomous trucking customer adoption timeline - Significant uptake in autonomous trucking is not expected until late 2023 [82]

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, 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 o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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) Delaware 05-0420589 (State or Other ...

KVH Industries, Inc. (NASDAQ:KVHI) Q4 2021 Earnings Conference Call March 7, 2022 9:00 AM ET Company Participants Roger A. Kuebel - CFO Cathy-Ann Martine-Dolecki - Chairman Brent Bruun - Interim CEO Robert Balog - CTO Conference Call Participants Ric Prentiss - Raymond James Chris Quilty - Quilty Analytics Ryan Koontz - Needham & Company Operator Good day and welcome to the KVH Industries, Inc. Q4 2021 Year-End Earnings Conference Call. Today's conference is being recorded. At this time, I would like to tur ...

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, 2021 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, 2021 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 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 Are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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) Delaware 05-0420589 (State or Other ...

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, 2020 OR (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 ...

KVH Industries, Inc. (NASDAQ:KVHI) Q2 2020 Earnings Conference Call July 31, 2020 9:00 AM ET Company Participants Donald Reilly - Chief Financial Officer Martin Kits van Heyningen - Chief Executive Officer Brent Bruun - Chief Operating Officer Conference Call Participants Ric Prentiss - Raymond James Rich Valera - Needham & Company Chris Quilty - Quilty Analytics Operator Good day and welcome to the KVH Industries, Inc. Q2 2020 Earnings Conference Call. Today’s call is being recorded. At this time, I would ...