By Amira McKee

Shares of KVH Industries climbed after the company swung to a profit and logged higher revenue in the fourth quarter.

The stock jumped 9.9% to $6.67 in Tuesday morning trading. The shares have gained 25% in the past year.

The telecommunications equipment company recorded a fourth-quarter net income of $331,000, or 2 cents a share, compared with a net loss of $4.3 million, or 22 cents a share, a year earlier.

Revenue rose 13% to $30.5 million.

The company attributed the top-line gains to a 27% increase in service revenue to $28.3 million, driven by an increase in subscribers for both Starlink and OneWeb. The growth was partially offset by a 52% decline in product revenues to $2.2 million, primarily due to discounted pricing, the company said.

In October, KVH Industries purchased the maritime satellite-service business of a satellite services provider operating in the Asia-Pacific region. Fourth-quarter services revenue included $2.5 million attributable to the business combination, the company said.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

March 10, 2026 10:34 ET (14:34 GMT)

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