KVH Industries Reports First Quarter 2025 Results

About this update from Kvh Industries, Inc.

[{"type":"image","alt":"KVH Industries, Inc.","displaySize":"","headline":null,"caption":"KVH Industries, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":133,"url":"https://media.zenfs.com/en/globenewswire.com/700870720ab5b0891c2066ee90287236"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/u.6Lp9ocFZ.i7VvAojHkfA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4NjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/700870720ab5b0891c2066ee90287236","width":300,"height":133}},"lazy":false},{"type":"text","content":"MIDDLETOWN, R.I., May 07, 2025 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (Nasdaq: KVHI), reported financial results for the quarter ended March 31, 2025 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 be available through the company’s website.","length":388,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues decreased by 13% in the first quarter of 2025 to $25.4 million from $29.3 million in the first quarter of 2024, due to our ongoing transition to low earth orbit (“LEO”) satellite services and the downgrade of the U.S. Coast Guard contract in the third quarter of 2024. Total revenues in the first quarter of 2025 decreased $1.5 million from $26.9 million in the fourth quarter of 2024.","length":400,"tagName":"p"}]},{"val":[{"type":"text","content":"Airtime revenue decreased $3.5 million, or 15%, to $20.0 million in the first quarter of 2025 compared to the first quarter of 2024. The U.S. Coast Guard contract downgrade reduced airtime revenue by $2.5 million year-over-year. Airtime revenue decreased $0.8 million to $20.0 million in the first quarter of 2025 from $20.8 million in the fourth quarter of 2024; the U.S. Coast Guard contract downgrade accounted for $0.5 million of that decrease. ","length":463,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss in the first quarter of 2025 was $1.7 million, or $0.09 per share, compared to net loss of $3.2 million, or $0.16 per share, in the first quarter of 2024.","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Non-GAAP adjusted EBITDA was $1.0 mill...

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