KVH Industries, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 16, 2023 at 08:52 am EDT
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KVH Industries, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 36.01 million compared to USD 35.26 million a year ago. Net income was USD 0.591 million compared to net loss of USD 4.08 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.15 a year ago. Basic earnings per share was USD 0.03 compared to basic loss per share of USD 0.22 a year ago. Diluted earnings per share was USD 0.03 compared to diluted loss per share of USD 0.22 a year ago.
For the full year, the company reported revenue was USD 138.878 million compared to USD 133.911 million a year ago. Net income was USD 24.101 million compared to net loss of USD 9.763 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 0.63 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted loss per share from continuing operations of USD 0.63 a year ago. Basic earnings per share was USD 0.1.29 compared to basic loss per share of USD 0.54 a year ago. Diluted earnings per share was USD 1.29 compared to diluted loss per share of USD 0.54 a year ago.
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. 
