Projo Biz Blog

KVH Industries, of Middletown, this morning reported fourth quarter financial results that showed net income of $300,000, or two cents a share, compared with profits of $1 million, or six cents a share, in the comparable period a year ago.

Revenue was $21.2 million, up 8 percent from the fourth quarter of 2007.

"While the economic situation is a serious challenge for all companies, our innovative strategic plan and diversified business model are generating revenue from satellite communications on land, sea, and air, as well as growth from our defense and commercial businesses," said Martin Kits van Heyningen, KVH's chief executive officer.

 Tags  KVH Martin Kits van Heyningen

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