Satellite company KVH Q2 revenue down 7% on US Coast Guard contract downgrade
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KVH reported a 7% decline in Q2 2025 revenue, attributed to a downgrade in its US Coast Guard contract. However, net income improved to $0.9 million from a $2.4 million loss last year, and adjusted EBITDA exceeded analyst expectations. The company is transitioning to low Earth orbit (LEO) services, which now account for over 30% of airtime sales, and anticipates continued growth in maritime subscribers. Operating expenses were reduced by $2.3 million, mainly due to lower salaries and benefits.
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