KVH Industries, Inc. Announces Impairment Results for the Three Months Ended September 30, 2023
November 09, 2023 at 08:55 am EST
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KVH Industries, Inc. announced impairment results for the three months ended September 30, 2023. The company reported Goodwill impairment charge of $5,333,000. Long-lived assets impairment charge of $657,000.
KVH Industries, Inc. is a provider of technology-driven connectivity solutions to primarily maritime customers globally. The Company provides global high-speed Internet and Voice over Internet Protocol (VoIP) services via satellite to mobile users at sea and on land. It is also a provider of commercially licensed entertainment, including news, sports, music, and movies, to commercial customers in the maritime and hotel markets, along with supplemental value-added cybersecurity, email, and crew Internet services. It provides integrated, end-to-end services, software, and hardware that support its customersâ need for access to the Internet, VoIP, operations content, and entertainment services while on the move. The Company also manufactures in-motion, stabilized antennas that provide receive-only satellite television services. The Company also offers variety of value-added services to its maritime customers as well as news content to its hotel customers.
KVH INDUSTRIES, INC. 
