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

To continue reading this article, please do one of the following.



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. •

Calendar
PBN Hosted
Events

Save the Date - Thursday, May 29th - for the Business Women Awards Luncheon at the Providence Marriott. Winners to be announced May 2nd.
  • Manufacturing Awards
    Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thur ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News