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.)