CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands

Total

Common Stock

Additional Paid-in Capital

Retained Earnings (Accumulated Deficit)

Accumulated Other Comprehensive Loss

Treasury Stock

Beginning balance (in shares) at Dec. 31, 2022

20,631,000

Beginning balance at Dec. 31, 2022

$ 158,438

$ 206

$ 160,475

$ 13,718

$ (4,110)

$ (11,851)

Beginning balance, treasury stock (in shares) at Dec. 31, 2022

(1,433,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net loss

(15,422)

Other comprehensive loss

(75)

^[1]

(75)

Stock-based compensation

2,078

Issuance of common stock under employee stock purchase plan (in shares)

17,000

Issuance of common stock under employee stock purchase plan

$ 123

123

Acquisition of treasury stock (in shares)

(23,000)

Acquisition of treasury stock

$ (239)

Exercise of stock options and issuance of restricted stock awards, net of forfeitures (in shares)

419,000

Exercise of stock options and issuance of restricted stock awards, net of forfeitures

$ 2,469

$ 5

2,464

Ending balance (in shares) at Dec. 31, 2023

19,610,790

21,067,000

Ending balance at Dec. 31, 2023

$ 147,372

$ 211

165,140

(1,704)

(4,185)

$ (12,090)

Ending balance, treasury stock (in shares) at Dec. 31, 2023

(1,456,109)

(1,456,000)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net loss

$ (11,048)

(11,048)

Other comprehensive loss

153

^[1]

153

Stock-based compensation

2,027

Issuance of common stock under employee stock purchase plan (in shares)

27,000

Issuance of common stock under employee stock purchase plan

$ 109

109

Acquisition of treasury stock (in shares)

Exercise of stock options and issuance of restricted stock awards, net of forfeitures (in shares)

147,000

Exercise of stock options and issuance of restricted stock awards, net of forfeitures

$ 12

$ 1

Ending balance (in shares) at Dec. 31, 2024

21,066,899

21,241,000

Ending balance at Dec. 31, 2024

$ 138,625

$ 212

$ 167,287

$ (12,752)

$ (4,032)

$ (12,090)

Ending balance, treasury stock (in shares) at Dec. 31, 2024

(1,456,109)

(1,456,000)

[1]	Tax impact was nominal for all periods.

KVH INDUSTRIES INC \DE\ 10-K