Welcome to our dedicated page for KVH Industries news (Ticker: $KVHI), a resource for investors and traders seeking the latest updates and insights on KVH Industries stock.
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KVH Industries, Inc. reported a 14% decrease in total revenues for the first quarter of 2024 compared to the same period in 2023. Airtime revenue dropped by 13%. The company recorded $2.2 million in employee termination costs due to manufacturing activities wind-down. Net loss was $3.2 million, and non-GAAP adjusted EBITDA decreased to $2.0 million. KVH's CEO highlighted the impact of industry disruption and discussed plans to adapt to competition, reducing revenue expectations for 2024 due to customer transitions to Starlink.
KVH Industries, Inc. (Nasdaq: KVHI) will release its financial results for the first quarter ending on March 31, 2024, on May 6, 2024. The investor conference call will be hosted by CEO Mr. Brent Bruun and CFO Mr. Anthony Pike at 4:30 p.m. ET. A live broadcast and audio replay will be available online at investors.kvh.com.
