[SatNews] KVH Industries, Inc. (Nasdaq:KVHI) has reported financial results for the quarter ended December 31, 2010. Revenue for the fourth quarter of 2010 was $27.0 million, up 3 percent from the quarter ended December 31, 2009. Diluted earnings per share for the quarter totaled $0.02 on net income of $0.2 million. During the same period last year the company reported net income of $1.8 million or $0.13 per diluted share, on revenues of $26.3 million. For the year ended December 31, 2010, revenue was $112.2 million, up 26percentcompared to $89.1 million for the year ended December 31, 2009. KVH reported net income of $8.3 million or $0.56 on a per diluted share basis for the full year 2010. Excluding transaction costs associated with the acquisition of Virtek Communication, and a decrease to the deferred income tax asset valuation allowance, full year adjusted net income was $5.3 million, and adjusted diluted EPS was $0.36. For 2009, the company reported a net loss of $0.1 million or $0.01 per diluted share. To read the entire report, access this direct link.