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KVH Industries Q2 revenue up 5% YoY to $26.6mln.
ByAinvest
Thursday, Aug 7, 2025 7:11 am ET1min read
• KVH Industries reports Q2 2025 financial results • Total revenues up 5% to $26.6mln from Q1 2025 • Airtime revenue increases 5% to $21.1mln • Revenues down 7% from Q2 2024 • Company cites US Coast Guard contract downgrade and LEO satellite transition • KVH to hold conference call to discuss results today at 9:00am ET
KVH Industries (Nasdaq: KVHI) has released its financial results for the second quarter of 2025, showing a mixed performance amid ongoing business transformation. The company reported total revenues of $26.6 million, up 5% from the first quarter of 2025 but down 7% year-over-year. Airtime revenue reached $21.1 million, up 5% quarter-over-quarter, while net income was $0.9 million, compared to a net loss of $2.4 million in Q2 2024.The company attributes the year-over-year revenue decline to the U.S. Coast Guard contract downgrade and the transition to Low Earth Orbit (LEO) satellite services. However, sequential revenue growth suggests the transformation strategy is gaining traction. LEO services now represent over 30% of airtime service sales, up from less than 10% a year ago.
Key highlights include the sale of 50 Enterprise Centers generating $4.9 million in net cash and an 8% sequential growth in maritime airtime subscribers to over 8,000 vessels. The company's CommBox Edge Communications Gateway activations increased by over 24% from Q1 2025.
KVH Industries will hold a conference call today, August 7, 2025, at 9:00 a.m. ET to discuss these results. Investors can access the live broadcast at investors.kvh.com, and an audio replay will be available on the same website for two weeks following the call.
[1] https://www.stocktitan.net/news/KVHI/kvh-industries-to-host-second-quarter-conference-call-on-august-7-7uvo04ottdh1.html
[2] https://www.stocktitan.net/news/KVHI/kvh-industries-reports-second-quarter-2025-0xo333z03146.html
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