What caused KVHI's earnings to miss forecasts in Q4 2024?

KVHI's earnings fell short of forecasts in Q4 2024 due to a combination of factors: 1. **Revenue Shortfall**: The estimated revenue for Q4 2024 was $28.1 million, but the actual revenue was $28.67 million. This discrepancy suggests that while the company exceeded expectations in terms of revenue, the difference may not have been sufficient to meet earnings forecasts. 2. **Earnings Per Share (EPS) Miss**: The estimated EPS for Q4 2024 was -$0.04, which is close to the actual EPS of -$0.07 reported on August 2, 2024. The negative EPS indicates a loss for the period, which, when combined with the revenue shortfall, contributes to missing earnings forecasts. 3. **Strategic Shifts and Challenges**: KVHI is undergoing strategic shifts, including a wind-down of its manufacturing operations and a focus on reducing costs. These shifts can lead to temporary disruptions in financial performance as the company adapts to new business models. 4. **Market Conditions**: The communications equipment provider operates in a competitive market, and market conditions, such as increased competition or changes in customer demand, can impact financial performance. In summary, KVHI's earnings miss in Q4 2024 was likely a result of a combination of revenue shortfall, negative EPS, strategic shifts, and challenging market conditions.