Quarterly ResultAug 6, 2026, 04:03 PM
KVH Industries Q2 Sales Up 26.7% to $33.7M; Net Income $0.16M
AI Summary
KVH Industries reported a significant increase in net sales for the second quarter and first half of 2026, with Q2 sales rising 26.7% to $33.7 million. However, net income for the quarter decreased to $0.16 million from $0.93 million in the prior year. For the six months, the company returned to profitability with $0.75 million net income compared to a loss in 2025. The company is continuing a staged wind-down of product manufacturing operations, expected to cease by the end of 2026, and has invested heavily in prepaid Starlink data.
Key Highlights
- Net sales for Q2 2026 increased 26.7% to $33.7 million from $26.6 million in Q2 2025.
- Net income for Q2 2026 was $0.16 million, down from $0.93 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.01, compared to $0.05 in Q2 2025.
- Net sales for the six months ended June 30, 2026, rose 26.9% to $66.0 million.
- Net income for the six months ended June 30, 2026, was $0.75 million, up from a $(0.78) million loss in 2025.
- Cash and cash equivalents decreased to $57.7 million as of June 30, 2026, from $69.9 million.
- Net cash used in operating activities was $(6.38) million for the six months, compared to $3.82 million provided in 2025.
- The company is continuing a staged wind-down of product manufacturing operations, expected to cease by end of 2026.
Price Impact
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