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Kvh industries CEO Brent Bruun sells $8,597 in stock

Published 03/04/2025, 21:22
Kvh industries CEO Brent Bruun sells $8,597 in stock
KVHI
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Brent Bruun, the CEO of KVH Industries Inc. (NASDAQ:KVHI), a technology company with a market capitalization of $103 million and current trading price of $5.18, recently sold a portion of his holdings in the company. The company maintains a strong balance sheet with more cash than debt and a healthy current ratio of 7.72x. According to a recent SEC filing, Bruun disposed of 1,663 shares of KVH common stock on April 2, 2025, at a price of $5.17 per share, totaling approximately $8,597. Following this transaction, Bruun retains ownership of 178,295 shares in the company. The sale was conducted to cover taxes owed on a restricted stock award that vested on March 31, 2025. InvestingPro analysis reveals additional insights about KVHI’s valuation and financial health, with 6 more exclusive ProTips available to subscribers.

In other recent news, KVH Industries reported its Q4 2024 financial results, which fell short of expectations, causing concern among investors. The company announced a loss per share of -$0.22, significantly missing the forecasted -$0.04, while revenue reached $26.9 million, below the anticipated $28.1 million. This represented a 4.5% decline in revenue compared to the same period last year. In response to the earnings miss, KVH Industries’ stock experienced a negative reaction, reflecting investor disappointment. Additionally, the company’s airtime gross margin decreased to 28.2%. Looking forward, KVH Industries has projected 2025 revenue between $115 million and $125 million, with adjusted EBITDA expected to range from $9 million to $15 million. The company is focusing on new revenue sources, including STARLINK and OneWeb, to counteract the decline in GEO airtime revenue. Despite current challenges, KVH Industries is making strategic moves to adapt to market transitions, including the integration of LEO solutions and hybrid connectivity offerings.

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