For the year ended Dec. 31, KVH Industries Inc. (Nasdaq: KVHI) today reported its profit fell 32.0 percent to $2.50 million, from the year-ago $3.67 million, on revenue that grew 2.5 percent to $80.91 million...

...For the fourth quarter, however, KVH posted a profit of $1.0 million – or 10 times the year-ago period’s $100,000 – erasing the third quarter’s $20,000 loss.

 “We closed out 2007 on a very strong note, with increasing sales and profits,” CEO Martin Kits van Heyningen said in a statement today. “These improvements are the result of...a complete update to our mobile satellite product line and the launch of two new maritime communication solutions.”...

Mobile communications revenue rose 16 percent compared with a year ago to $14.1 million, led by boating industry sales...“We are currently supporting broadband connections throughout Europe, the North Atlantic, and the Americas and are moving ahead with plans to expand the mini-VSAT Broadband coverage area significantly in 2008 and 2009...Meanwhile, defense-related sales, including the company’s fiber-optic gyro guidance units and TacNav military navigation systems, rose 7 percent to $5.6 million, KVH said...