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KVH Industries 2013 revenue up 18%

KVH Industries, Inc. (NASDAQ: KVHI) said its revenue for the fourth quarter of 2013 was USD38.9m, down two percent from the quarter ended December 31, 2012.

A net loss for the period of USD0.4m, or USD0.02 per share was reported. During the same period last year the company reported net income of USD2.8m, or USD0.18 per diluted share, with revenues of USD39.5m.

For the year ended December 31, 2013, revenue was USD162.3m, up 18 percent from the USD137.1m reported for the year ended December 31, 2012. KVH reported net income of USD4.5m, or USD0.30 on a per share basis for the full year 2013. During the same period last year, the company reported net income of USD3.6m, or USD0.24 on a per diluted share basis.

KVH Industries is a leading manufacturer of solutions that provide global high-speed Internet, television, and voice services via satellite to mobile users at sea, on land, and in the air as well as a provider of commercially-licensed news, sports, music, movies and training videos to the merchant marine market.


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