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Quarterly Financial Results (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Results (Unaudited)
Quarterly Financial Results (Unaudited)

The following financial information for interim periods includes transactions which affect comparability of the quarterly results for the year ended December 31, 2014. During the second quarter of 2013 and the third quarter of 2014, the Company acquired Headland Media Limited (now known as KVH Media Group) and Videotel, respectively, as described in Note 9 “Acquisitions,” resulting in increased service sales and service gross margins.
Financial information for interim periods was as follows:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(in thousands, except per share amounts)
2014
 
 
 
 
 
 
 
Product sales
$
18,007

 
$
20,998

 
$
16,862

 
$
25,276

Service sales
18,978

 
19,924

 
27,388

 
25,158

Gross profit
14,593

 
17,485

 
18,802

 
22,567

Net (loss) income
$
(1,123
)
 
$
55

 
$
151

 
$
958

Net (loss) income per share (a):
 
 
 
 
 
 
 
Basic
$
(0.07
)
 
$
0.00

 
$
0.01

 
$
0.06

Diluted
$
(0.07
)
 
$
0.00

 
$
0.01

 
$
0.06

2013
 
 
 
 
 
 
 
Product sales
$
25,216

 
$
25,886

 
$
20,331

 
$
18,862

Service sales
14,711

 
17,311

 
19,885

 
20,086

Gross profit
15,769

 
18,026

 
16,527

 
15,390

Net (loss) income
1,963

 
1,549

 
1,386

 
(365
)
Net (loss) income per share (a):
 
 
 
 
 
 
 
Basic
$
0.13

 
$
0.10

 
$
0.09

 
$
(0.02
)
Diluted
$
0.13

 
$
0.10

 
$
0.09

 
$
(0.02
)
 
(a)
Net (loss) income per share is computed independently for each of the quarters. Therefore, the net (loss) income per share for the four quarters may not equal the annual net (loss) income per share data.