KVH Industries Q4 revenue rises on service strength
Overview
Maritime connectivity firm's Q4 2025 revenue rose 13% yr/yr, driven by service sales
Company reported Q4 net income of $0.3 mln, reversing a loss from Q4 2024
Company expanded share repurchase program to $15 mln
Outlook
KVH plans to introduce a vessel-based managed IT service soon
KVH sees opportunities in the transforming maritime connectivity market
Result Drivers
SERVICE SALES - Service revenue rose 27% yr/yr, driven by a $5.2 mln increase in LEO service sales, offset by a decline in VSAT sales
ACQUISITION IMPACT - Q4 service revenue included $2.5 mln from acquisition of maritime satellite service business in Asia-Pacific
PRODUCT SALES DECLINE - Product revenue fell 52% yr/yr, impacted by reduced Starlink, VSAT, and TracVision sales
Company press release: ID:nGNX2LFh1Q
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EPS |
| $0.02 |
|
Q4 Adjusted EBITDA | Beat | $3.10 mln | $2.99 mln (1 Analyst) |
Q4 Operating Expenses |
| $10.50 mln |
|
Q4 Revenue |
| $30.5 mln |
|
Analyst Coverage
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 32 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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