Middletown's KVH posts a loss in 3rd quarter

KVH Industries Inc., based in Middletown, yesterday reported a third-quarter net loss of $800,000, or 8 cents a share, compared with flat earnings in the year-ago period.

Third-quarter revenue was $15.7 million, down 10 percent from the quarter ended Sept. 30 last year.

For the nine months ended this Sept. 30, revenue was $61.2 million, or flat compared with the same period last year. KVH reported net income of $2.8 million, or 19 cents on a per-diluted share basis for the period, versus net income of $1.5 million, or 10 cents on a per-diluted share basis, in the year-ago period.

Full Story: KVH posts a loss in 3rd quarter Source: Providence Journal, October 22nd, 2008

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