KVH INDUSTRIES INC \DE\

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.

KVH Industries reported a 27% increase in total revenues to $33.7 million for the second quarter of 2026, primarily driven by a 29% rise in service revenue. Airtime revenue saw a significant 31% increase, largely due to growth in Starlink and OneWeb subscribers, with LEO service sales now comprising over 55% of total airtime sales. Despite strong revenue growth and an increase in Non-GAAP adjusted EBITDA to $3.0 million, net income decreased to $0.2 million, or $0.01 per share, compared to $0.9 million, or $0.05 per share, in the prior year quarter. The company noted a substantial decrease in VSAT service sales and TracVision product sales due to competition.

KVH Industries reported strong revenue growth for the second quarter and first half of 2026, driven by a significant increase in LEO (Low Earth Orbit) service sales, particularly from Starlink and OneWeb subscribers. Total revenues for Q2 2026 rose 27% year-over-year to $33.7 million, with service revenue increasing 29%. However, net income for Q2 2026 decreased to $0.2 million from $0.9 million in Q2 2025. Non-GAAP adjusted EBITDA saw an 11% increase to $3.0 million for the quarter, and the company achieved positive net income for the first six months of 2026, reversing a loss from the prior year period.

KVH Industries, Inc. announced it will release its second-quarter financial results for the period ended June 30, 2026, on Thursday, August 6, 2026. Following the release, the company will host an investor conference call at 9:00 a.m. ET, led by CEO Brent Bruun and CFO Anthony Pike. A live webcast and an audio replay of the call will be accessible via the company's investor relations website.

KVH Industries reported a significant turnaround in its first quarter 2026 financial results, achieving a net income of $0.59 million and a 27.1% increase in net sales to $32.3 million. This marks a substantial improvement from a net loss of $1.71 million in the prior year. However, the company experienced a notable increase in net cash used in operating activities, reaching $(8.26) million, and continues with its plan to wind down product manufacturing by the end of 2026, while expanding its LEO service portfolio with a significant Starlink data purchase.

KVH Industries reported strong financial results for the first quarter ended March 31, 2026, with total revenues increasing 27% year-over-year to $32.3 million. The company achieved a net income of $0.6 million, or $0.03 per share, a significant improvement from a net loss of $1.7 million in the prior year's quarter. This growth was primarily driven by a 30% increase in service revenue, particularly from strong Starlink and OneWeb adoption, with LEO service sales now comprising over 45% of airtime service sales. The company also completed the migration of its Rhode Island operations to a new facility.

KVH Industries reported strong financial results for the first quarter of 2026, with total revenues increasing 27% year-over-year to $32.3 million. The company achieved a net income of $0.6 million, a significant improvement from a net loss of $1.7 million in the prior year's quarter. This growth was primarily driven by a substantial increase in service sales, particularly from LEO services like Starlink and OneWeb, and improved product sales. The company also completed the relocation of its Rhode Island operations.

KVH Industries, Inc. announced it will release its financial results for the first quarter ended March 31, 2026, on Wednesday, May 6, 2026. Following the release, the company will host an investor conference call at 9:00 a.m. ET, led by CEO Brent Bruun and CFO Anthony Pike. A live broadcast and an audio replay of the call will be accessible on the company's investor relations website.

KVH Industries, Inc. announced its 2026 Annual Meeting of Stockholders will be held on June 10, 2026, with a record date of April 15, 2026. Key proposals include the election of two Class III directors, an advisory vote on 2025 executive compensation, and the ratification of Grant Thornton LLP as the independent auditor. The Compensation Committee exercised discretion to award full target bonuses for 2025 to named executive officers, despite not fully achieving all corporate performance goals, citing strategic accomplishments such as a property sale, an acquisition, and strong LEO service revenue growth.