KVH Industries stock price drops over 4%, despite Q4 revenue exceeding expectations

LootboxPhobia · 2026-03-10T16:01:52+00:00

KVH Industries announces Q4 results, with adjusted earnings per share of $0.02 and revenue of $30.5 million, beating expectations. Despite a 27% increase in service revenue, product revenue declined by 52%. The company's net profit was $300,000, a significant improvement, and the board approved an increase in the share repurchase program to $15 million.

LootboxPhobia

2026-03-10 16:01:52

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Rhode Island, Middletown - On Tuesday, KVH Industries, Inc. (NASDAQ: KVHI) announced its fourth-quarter results, meeting earnings expectations but exceeding revenue forecasts.

The company’s stock fell 4.45% in after-hours trading.

This maritime connectivity service provider reported adjusted earnings per share of $0.02 for the quarter, in line with analyst expectations.

Revenue reached $30.5 million, surpassing the consensus estimate of $29.34 million and up 13% from $26.9 million in Q4 2024.

Service revenue drove growth, increasing 27% year-over-year to $28.3 million, mainly due to increased sales of LEO satellite services from Starlink and OneWeb subscribers. Product revenue declined 52% to $2.2 million, pressured by discounted pricing and competition from low-cost alternatives.

The company posted a net profit of $300,000, or $0.02 per share, compared to a net loss of $4.3 million, or -$0.22 per share, in the same period last year. Adjusted EBITDA reached $3.1 million, up from $500,000 in Q4 2024.

CEO Brent C. Bruun stated, “As LEO satellite technology and new market entrants continue to reshape the competitive landscape, the maritime connectivity market is undergoing a fundamental transformation. Over the past year, we doubled our investment in Starlink to support growing demand, surpassed 1,000 CommBox Edge subscribers, and are preparing to launch on-vessel managed IT services in the near term.”

For the full fiscal year 2025, revenue declined 2% to $111 million, compared to $113.8 million in 2024. The company reported a net loss of $7.4 million, or -$0.38 per share, versus a net loss of $11 million, or -$0.57 per share, in 2024.

The board approved increasing the share repurchase program from $10 million to $15 million, citing recent revenue growth and improved profitability, and believing the company’s stock is undervalued.

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