Communication firm KVH Q3 revenue drops

KVH Industries

06/11/2025 12:26

Overview

KVH Q3 2025 revenue down 2% yr/yr due to decreased product sales

Adjusted EBITDA for Q3 2025 misses analyst expectations

Net loss in Q3 2025 was $6.9 mln, impacted by inventory write-down

Outlook

KVH notes increased competition from low-cost alternatives and LEO providers

Result Drivers

LEO SERVICES GROWTH - Airtime revenue increased due to strategic focus on low-earth orbit services, despite U.S. Coast Guard contract downgrade

SUBSCRIBER GROWTH - Record 11% increase in subscribing vessel count to approximately 9,000, driven by strategic focus on airtime revenue

INVENTORY WRITE-DOWN - $5.5 mln inventory write-down due to reduced demand for hardware products and price reductions for TracNet H-series terminals

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.36
Q3 Adjusted EBITDA
Miss
$1.40 mln
$2.66 mln (1 Analyst)
Q3 Operating Expenses
$9.50 mln


Press Release: ID:nGNXwq5kL

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)