How did KVHI's revenue and expenses shift in Q4 2024 compared to previous quarters?

**KVHI's revenue and expenses in Q4 2024 showed notable shifts compared to previous quarters**:

1. **Revenue Decline**:
- KVHI's total revenue for Q4 2024 was $26.92 million.
- This was a decrease from the previous quarter's revenue of $28.971 million.
- The decline in revenue was primarily due to a reduction in service sales, which fell by $4.987 million.
- However, product sales increased by $763,000, driven by higher sales volumes of Starlink and VSAT Broadband products.

2. **Expenses**:
- There were no reported expenses for Q4 2024.
- In Q3 2024, there were also no reported expenses.
- The lack of expense data for these quarters makes it difficult to analyze changes in cost structure.

3. **Net Loss Improvement**:
- Despite the revenue decline, KVHI reported a net loss of $1.199 million for Q4 2024.
- This was a significant improvement from the net loss of $4.369 million in the same period last year.
- The decrease in net loss was attributed to lower costs of sales and reduced general and administrative expenses.
4. **Strategic Moves**:
- KVHI has recently agreed to sell its Middletown office headquarters and nearby factory, which is expected to bring in $12 million.
- The company has also authorized a $10 million stock buyback program, reflecting confidence in its strategic opportunities.

In conclusion, KVHI experienced a decline in revenue due to reduced service sales but showed improvement in net loss position due to lower costs and strategic financial decisions. The lack of expense data prevents a full analysis of financial shifts, but the overall trend suggests a company adapting to challenges with strategic initiatives.