KVH sales and profit up in second quarter

MIDDLETOWN – KVH Industries Inc.’s profit soared 138 percent in the second quarter, to $453,000, or 3 cents per diluted share, from $190,000, or 1 cent per diluted share, during the same period in 2011. More
This item is available in full to subscribers. If you are a current subscriber, log in to continue.

You can access an additional 12 stories by registering for a free account. Click here to continue.

Otherwise, purchase a subscription to continue.

You can also purchase this single article, if you prefer. Click here to continue.
technology

KVH sales and profit up in second quarter

Posted 8/6/12

MIDDLETOWN – KVH Industries Inc.’s profit soared 138 percent in the second quarter, to $453,000, or 3 cents per diluted share, from $190,000, or 1 cent per diluted share, during the same period in 2011.

The company also reported sales of $32 million during the three months ended June 30, a rise of 5 percent compared to the $30.6 million reported during the same quarter last year.

For the six months ended June 30, revenue was $58.7 million, up 7 percent compared to the $55 million reported during the first half of 2011.

KVH reported a net loss of $0.9 million, or 6 cents per diluted share, for the first six months of this year, an improvement on the net loss of $1.3 million, or 9 cents per diluted share during the first six months of 2011.

Revenue from the company’s mini-VSAT Broadband business grew 68 percent compared to the second quarter of 2011. In the second quarter, total mobile communications revenue was up 26 percent to roughly $24 million and maritime satellite TV sales increased 13 percent year over year. •

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

The 2nd Annual Healthiest Employers event will recognize employers who have strong, effective Health and Wellness programs in the region. Deadline for enrollment is June 28th.
Advertisement
National
Local
Latest News