MIDDLETOWN, R.I. (AP) — MIDDLETOWN, R.I. (AP) — KVH Industries Inc. (KVHI) on Friday reported a loss of $12.2 million in its fourth quarter.

On a per-share basis, the Middletown, Rhode Island-based company said it had a loss of 63 cents. Losses, adjusted for non-recurring costs and stock option expense, were 13 cents per share.

The maker of mobile communication and navigation equipment posted revenue of $31.5 million in the period.

For the year, the company reported a loss of $15.4 million, or 81 cents per share. Revenue was reported as $132.4 million.

KVH expects full-year revenue in the range of $125 million to $135 million.

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