Overview

* KVH Q2 2025 net income $0.9 mln, up from $2.4 mln loss last year

* Revenue for Q2 2025 fell 7% yr/yr due to Coast Guard contract downgrade

* Adjusted EBITDA beats analyst expectations

Outlook

* KVH sees increased competition from low-cost LEO alternatives

* Company notes LEO services now over 30% of airtime sales

* KVH anticipates continued growth in maritime airtime subscribers

* Company highlights transition to LEO-focused service offerings

Result Drivers

* LEO TRANSITION - KVH's shift to LEO cservices drove a sequential increase in revenue, offsetting declines in legacy GEO services

* SUBSCRIBER GROWTH - Maritime airtime subscribers grew 8% sequentially, driven by demand for Starlink and OneWeb services

* COST REDUCTION - Operating expenses decreased by $2.3 mln, primarily due to lower salaries and benefits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.05

Q2 Beat $2.70 $2.38

Adjusted mln mln (1

EBITDA Analyst)

Q2 $9.50

Operatin mln

g

Expenses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)