Brief: KVH Industries Q1 Revenue $36.6 Mln Versus Refinitiv Ibes Estimate Of $37.4 Mln

KVH Industries

01/05/2020 12:15

May 1 (Reuters) - KVH Industries Inc  KVHI.O :
    * KVH INDUSTRIES REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 NON-GAAP LOSS PER SHARE $0.25 FROM CONTINUING
OPERATIONS
    * Q1 LOSS PER SHARE $0.35 FROM CONTINUING OPERATIONS
    * Q1 REVENUE $36.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$37.4
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.20 -- REFINITIV IBES
DATA
    * CAN NO LONGER BE CONFIDENT IN OUR PREVIOUS 2020 REVENUE
AND
EARNINGS GUIDANCE
    * ARE WITHDRAWING OUR PREVIOUS GUIDANCE
    * ENDED OUR Q1 WITH MORE THAN $41 MILLION IN CASH
    * KVH INDUSTRIES - TAKING MULTIPLE STEPS TO ALIGN COSTS WITH
BUSINESS ECONOMICS TO ENSURE THAT WE HAVE AMPLE CASH &OTHER
LIQUIDITY AS PANDEMIC CONTINUES

Source text for Eikon:  ID:nGNXbPmXNh 
Further company coverage:  KVHI.O 

 ((Reuters.Briefs@thomsonreuters.com;))