KVH Industries, a provider of high-bandwidth communications products, tactical navigation systems, and fiber optic products, reported its results for the third quarter ended Sept. 30, 2001. Revenue for the period was $7.9 million with a net loss of $1.6 million, or $0.14 per share. By comparison, KVH reported revenue of $7.5 million and a net profit of $18,238, or $0.00 per share for the third quarter ended Sept. 30, 2000.
For the nine months ended Sept. 30, 2001, revenue increased 13% to $23.9 million from $21.1 million for the nine months ended Sept. 30, 2000. KVH reported a net loss of $5.1 million, or $0.51 per share for the nine months ended Sept. 30, 2001, versus $1.0 million or $0.13 per share in the prior year.
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