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KVH Industries Reports Third Quarter 2025 Results
Globenewswire· 2025-11-06 12:00
Core Insights - KVH Industries reported strong third-quarter results with a focus on airtime revenue and subscriber growth, achieving record vessel subscriber growth and communication terminal shipments [3][4][5] Financial Performance - Total revenue for Q3 2025 was $28.5 million, a sequential increase of 7% from Q2 2025 but a 2% decrease from $29.0 million in Q3 2024 [5][6] - Service revenue increased by 10% from the prior quarter and 4% year-over-year, reaching $25.4 million, driven by a $0.7 million increase in airtime service sales [4][7] - Product revenue decreased by 33% year-over-year to $3.1 million, primarily due to declines in Starlink, VSAT Broadband, and TracVision product sales [8][12] - The net loss for Q3 2025 was $6.9 million, or $0.36 per share, compared to a net loss of $1.2 million, or $0.06 per share, in Q3 2024 [4][6][30] - Non-GAAP adjusted EBITDA for Q3 2025 was $1.4 million, down from $2.9 million in Q3 2024 [4][30] Subscriber Growth - The total subscribing vessel count increased by a record 11% to approximately 9,000 compared to Q2 2025, marking a 26% increase year-to-date [4][5] - LEO service sales represented over 40% of airtime service sales in Q3 2025, up from less than 15% in Q3 2024, indicating a strategic shift towards low-earth orbit services [7][11] Operating Expenses - Operating expenses decreased by $1.7 million to $9.5 million in Q3 2025 compared to $11.3 million in Q3 2024, attributed to lower professional fees and a reduction in dues and subscriptions [9][13] Recent Developments - The company completed the sale of 75 Enterprise Center in September 2025, generating net cash of $7.8 million [5] - KVH linkHUB Media Server received CREST Cybersecurity Accreditation on September 3, 2025, enhancing its product offerings [15]
KVH Industries to Host Third Quarter Conference Call on November 6, 2025
Globenewswire· 2025-11-04 13:43
Core Viewpoint - KVH Industries, Inc. will announce its financial results for Q3 2025 on November 6, 2025, with a conference call hosted by the CEO and CFO [1] Company Overview - KVH Industries, Inc. is a global leader in maritime and mobile connectivity, operating through the KVH ONE network [3] - The company was founded in 1982 and is headquartered in Middletown, RI, with R&D and manufacturing operations in the same location and over a dozen offices worldwide [3] - KVH provides connectivity solutions for various sectors, including commercial maritime, leisure marine, military/government, and land mobile applications, featuring products like TracNet, TracPhone, and TracVision [3]
KVH Industries to Host Second Quarter Conference Call on August 7, 2025
Globenewswire· 2025-08-04 15:00
Company Overview - KVH Industries, Inc. is a global leader in maritime and mobile connectivity, operating through the KVH ONE network [3] - The company was founded in 1982 and is headquartered in Middletown, RI, with research, development, and manufacturing operations also in Middletown and over a dozen offices worldwide [3] - KVH provides connectivity solutions for various sectors including commercial maritime, leisure marine, military/government, and land mobile applications, featuring product lines such as TracNet, TracPhone, and TracVision [3] Financial Results Announcement - KVH Industries will announce its financial results for the second quarter ending June 30, 2025, on August 7, 2025 [1] - An investor conference call will be held at 9:00 a.m. ET, hosted by CEO Brent Bruun and CFO Anthony Pike [1] Investor Engagement - A live broadcast of the conference call will be available online at investors.kvh.com, with an audio replay accessible for at least two weeks post-call [2] - Investors can submit questions during or after the call via email to IR@kvh.com [2]
KVH Industries to Host First Quarter Conference Call on May 7, 2025
Globenewswire· 2025-05-05 12:32
Company Overview - KVH Industries, Inc. is a global leader in maritime and mobile connectivity, operating through the KVH ONE network [3] - The company was founded in 1982 and is headquartered in Middletown, RI, with research, development, and manufacturing operations also in Middletown and over a dozen offices worldwide [3] - KVH provides connectivity solutions for various sectors including commercial maritime, leisure marine, military/government, and land mobile applications, featuring product lines such as TracNet, TracPhone, and TracVision [3] Financial Results Announcement - KVH Industries will announce its financial results for the first quarter ending March 31, 2025, on May 7, 2025 [1] - An investor conference call will be held at 9:00 a.m. ET, hosted by CEO Brent Bruun and CFO Anthony Pike [1] Investor Engagement - A live broadcast of the conference call will be available online at investors.kvh.com, with an audio replay accessible for at least two weeks post-call [2] - Investors can submit questions during or after the call via email to IR@kvh.com [2]