KVH reports increased revenue

Middletown-based KVH Industries has reported that revenue for the fourth quarter of last year was $21.2 million, up 8 percent from the similar quarter in 2007. Net income for the period was $0.3 million, or 2 cents per diluted share. During the same period the previous year the company reported net income of $1.0 million, or 6 cents per diluted share. For the year, revenue was $82.4 million, up 2 percent compared with $80.9 million for 2007. KVH reported net income of $3.1 million, or 21 cents on a per diluted share basis, for last year, versus net income of $2.5 million, or 17 cents on a per diluted share basis, for 2007.

Full Story: KVH reports increased revenue Source: Providence Journal, February 7th, 2009

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