KVH Industries Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
KVH Industries, Inc. (KVHI)
Last kvh industries, inc. earnings: 5/1 07:00 am
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ir.kvh.com
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Source: Yahoo! Finance
The company will hold a conference call to discuss these results at 9:00 a.m. ET today, which can be accessed at investors.kvh.com. Following the call, a replay of the webcast will be available through the company's website. Fourth Quarter Highlights Total revenues from continuing operations decreased by 13% in the fourth quarter of 2023 to $31.5 million from $36.0 million in the fourth quarter of 2022. VSAT airtime revenue decreased by $1.0 million, to $25.9 million, or 4% in the fourth quarter of 2023 compared to the fourth quarter of 2022. We recorded a $5.2 million inventory write-down and a $3.6 million charge for excess purchase order obligations related to reduced demand for our hardware products, which has led to the staged wind-down of our manufacturing activities in our facility in Middletown, Rhode Island in the first half of 2024. Net loss from continuing operations in the fourth quarter of 2023 was $12.2 million, or $0.63 per share, compared to a net income of $
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News
- Global Maritime Satellite Industry Report 2024-2033: Integration of IoT in Maritime Communications, Rise of High-Throughput Satellite, and Migration to Flat-Panel Antennas Gaining Momentum [Yahoo! Finance]Yahoo! Finance
- KVH Industries, Inc. (NASDAQ: KVHI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- KVH Industries, Inc. (NASDAQ: KVHI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- KVH Industries, Inc. (NASDAQ: KVHI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- KVH Industries, Inc. (NASDAQ: KVHI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
KVHI
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- KVHI's page on the SEC website