Published on 9 Nov 2023 on GuruFocus.com via Yahoo Finance

KVH Industries Inc (KVHI) Faces Challenges in Q3 2023 Despite Strategic Partnerships

KVH Industries Inc (NASDAQ:KVHI) reports a 5% decrease in total revenues from continuing operations for Q3 2023 compared to Q3 2022.Non-GAAP adjusted EBITDA from continuing operations increased to $4.5 million, excluding impairment charges.Net loss from continuing operations was $4.2 million, including a $6.0 million impairment charge.Strategic partnerships with Starlink and Kognitive Networks highlight KVH's transition to a multi-orbit, multi-channel integrated solution provider.

Warning! GuruFocus has detected 3 Warning Signs with KVHI.

On November 9, 2023, KVH Industries Inc (NASDAQ:KVHI) released its financial results for the third quarter ended September 30, 2023. The company reported a decrease in total revenues from continuing operations to $33.5 million, down by 5% from $35.2 million in the same quarter of the previous year. This decline was primarily due to a 37% decrease in product revenues, which was partially offset by a 3% increase in VSAT airtime revenue.