FORM 10-Q/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended March 31, 1996
Commission file number: 0-28082
KVH Industries, Inc.
State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
Delaware 05-04020589
KVH Industries, Inc.
110 Enterprise Center
Middletown, RI 02842
(401) 847 3327
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ____ No X
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.
Title Outstanding
Common Stock, par value $0.01 6,786,553
<PAGE>
Item 6. Exhibits and Reports on Form 8-K
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
KVH Industries, Inc.
By:_____________________________________________________
Richard C. Forsyth Chief Financial and Accounting Officer
Date: June 24, 1996
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<CASH> 590,488
<SECURITIES> 0
<RECEIVABLES> 2,386,234
<ALLOWANCES> 64,955
<INVENTORY> 2,365,422
<CURRENT-ASSETS> 7,332,586
<PP&E> 2,318,988
<DEPRECIATION> 1,447,777
<TOTAL-ASSETS> 8,276,577
<CURRENT-LIABILITIES> 4,373,344
<BONDS> 0
0
12,982
<COMMON> 16,164
<OTHER-SE> 3,813,069
<TOTAL-LIABILITY-AND-EQUITY> 8,276,577
<SALES> 4,780,659
<TOTAL-REVENUES> 4,780,659
<CGS> 2,692,389
<TOTAL-COSTS> 2,692,389
<OTHER-EXPENSES> 1,774,725
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 935
<INCOME-PRETAX> 312,610
<INCOME-TAX> 125,042
<INCOME-CONTINUING> 187,568
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 187,568
<EPS-PRIMARY> .03
<EPS-DILUTED> .03
</TABLE>
