MIDDLETOWN, R.I. (AP) — MIDDLETOWN, R.I. (AP) — KVH Industries Inc. (KVHI) on Tuesday reported profit of $331,000 in its fourth quarter.
The Middletown, Rhode Island-based company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 7 cents per share.
The maker of mobile communication and navigation equipment posted revenue of $30.5 million in the period.
For the year, the company reported a loss of $7.4 million, or 38 cents per share. Revenue was reported as $111 million.
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