KORE Group Holdings

KORE Group Holdings, Inc. engages in the provision of Internet of things (IoT) solutions and worldwide IoT connectivity-as-a-services. It offers connectivity-enablement as-a-service, IoT device management services, IoT security and location-based services. The company was founded in 2002 and is headquartered in Atlanta, GA.

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KORE Group Holdings reports mixed Q4 results, eyes growth opportunities

KORE Group Holdings reported mixed Q4 2022 results with revenue decline but improved margins and EBITDA, while full-year results showed revenue growth and financial statement adjustments.
The company faces challenges from high debt-servicing costs and potential margin dilution, but sees opportunities in organic growth, 5G adoption, and strategic partnerships.
Management remains cautiously optimistic about the Twilio acquisition and Ericsson partnership, aiming for revenue growth and margin management in 2023.
Overall, KORE Group Holdings is focused on navigating challenges, leveraging strengths, and capitalizing on growth opportunities in the evolving IoT market.

KORE Group Holdings beats revenue forecasts, eyes satellite tech expansion

KORE Group Holdings delivered strong Q1 2023 results, with revenue exceeding forecasts and gross margin improvement.
While facing challenges such as YoY revenue decline and lower EBITDA, KORE remains focused on innovation and cost management.
The company's emphasis on IoT solutions, potential shift towards satellite tech, and revenue guidance reaffirm its commitment to growth and market leadership.

KORE Group Holdings reports steady Q2 performance amid growth opportunities

KORE Group Holdings delivered steady Q2 performance with revenue growth and adjusted EBITDA improvement, though facing challenges in project-driven revenue fluctuations and margin pressures.
Strategic acquisitions, sustainability efforts, and transparent reporting position KORE well for future growth opportunities and market differentiation.
Investor focus on revenue growth, profitability, and business diversification underscores the importance of KORE's strategic decisions and operational efficiency.

KORE Group Holdings reports Q3 revenue growth amidst pricing challenges

KORE Group Holdings reported mixed Q3 2023 results with revenue growth driven by IoT connectivity but offset by declines in IoT solutions. Strong positioning in the competitive landscape with key collaborations and a focus on IoT connectivity business.
Challenges include pricing discussions intensifying, talent retention issues with Twilio IoT integration, and concerns raised by analysts. Opportunities lie in the global sales pipeline growth and continued focus on IoT connectivity and enterprise solutions.

KORE Group Holdings reports robust Q4 revenue growth and IoT focus for 2024

KORE Group Holdings reported strong revenue growth in Q4 2023 driven by IoT connectivity.
The company aims to improve profitability by focusing on high-margin IoT services in 2024.
Challenges with order deferrals and healthcare trials are being addressed for future stability.
Positive outlook on IoT market growth and eSIM technology positions KORE well for future success.

KORE Group Holdings reports robust Q1 revenue growth and strategic wins

KORE Group Holdings delivered strong revenue growth in Q1 2024, led by IoT connectivity, showcasing operational efficiency.
While facing challenges in IoT Solutions revenue and rising interest expenses, the company is focused on cost management and growth opportunities.
With a robust global sales pipeline and key market wins, KORE is well-positioned for revenue expansion and market diversification.
Overall, KORE's performance in Q1 demonstrates progress towards financial stability and a strategic focus on IoT connectivity for future growth.

KORE Group Holdings reports Q2 earnings, lowers 2024 revenue guidance

KORE Group Holdings' Q2 2024 earnings call highlighted a focus on cost reduction, workforce realignment, and innovation investment. Despite revised revenue guidance, the company aims for improved financial performance post-restructuring. Challenges include cost-conscious customer behavior and supply chain issues impacting revenue.

KORE Group Holdings reports steady Q3 growth amidst restructuring efforts

KORE Group Holdings saw steady revenue growth in Q3 2024 driven by IoT Connectivity, despite challenges in adjusted EBITDA and net loss figures.
The company's restructuring efforts and cost-saving initiatives have improved margins and cash flow, positioning it for future growth and operational efficiency.
With a focus on customer intimacy and profitable growth, KORE aims to leverage market opportunities and maintain financial stability in the coming year.

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KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $1 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.95 per share a year ago.

KORE Group Holdings, Inc. (KORE) Reports Q3 Loss, Tops Revenue Estimates

KORE Group Holdings, Inc. (NYSE:KORE ) Q3 2024 Earnings Conference Call November 19, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director of Investor Relations Ron Totton - President and Chief Executive Officer Paul Holtz - Chief Financial Officer Conference Call Participants Lance Vitanza - TD Cowen Mary Lenox - Morgan Stanley Operator Greetings and welcome to the KORE Group Holdings, Inc. Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all participants are in listen-only mode.

KORE Group Holdings, Inc. (KORE) Q3 2024 Earnings Call Transcript

Restructuring plan completed Growth in Connectivity and Connections On track to meet 2024 guidance ATLANTA , Nov. 19, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and nine months ended September 30, 2024. Q3 Highlights Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $68.6 million in the same period last year.

KORE Reports Third Quarter 2024 Results and Completion of Restructuring Plan

Company to restate Second Quarter 2024 Financial Statements No impact to Revenues, Cash Flows or Adjusted EBITDA expected for the period affected ATLANTA , Nov. 12, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's financial results for the third quarter of 2024 and live webcast to discuss those results from previously scheduled November 13, 2024 at 5PM ET to November 19, 2024 at the same time. The Company's management, in consultation with the Audit Committee of the Company's Board of Directors and in consultation with BDO USA, P.C.

KORE Reschedules Third Quarter 2024 Financial Results and Live Webcast

ATLANTA , Oct. 31, 2024 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on November 13, 2024, following the U.S. market closing it will release its financial results for the third quarter of 2024.

KORE to Report Third Quarter 2024 Results on November 13, 2024

KORE intends to cure the deficiency and return to compliance with NYSE listing standard ATLANTA , Sept. 16, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), a global leader in Internet of Things ("IoT") solutions and pioneering IoT hyperscaler, announced that on September 12, 2024, it received a notice ("Notice") from the New York Stock Exchange ("NYSE") notifying KORE that that it is not in compliance with Section 802.01B of the NYSE's Listed Company Manual ("Rule 802.01B") because KORE's average global market capitalization over a consecutive 30 trading-day period was less than $50 million, and, at the same time, its stockholders' equity was less than $50 million.

KORE Receives Continued Listing Standard Notice from NYSE

The headline numbers for Cerberus Telecom Acquisition (KORE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Cerberus Telecom Acquisition (KORE) Q2 Earnings: A Look at Key Metrics

KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $1.20 per share a year ago.

KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates

KORE Group Holdings, Inc. (KORE) Q2 2024 Earnings Call Transcript

Ron Totton appointed President and CEO and to the KORE Board of Directors Restructuring estimated to generate gross cash savings of $5 million to $6 million in 2024 with a $4 million to $5 million one-time severance charge and $20 million to $22 million gross cash savings annually thereafter 2024 guidance updated ATLANTA , Aug. 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and six months ended June 30, 2024. Q2 Highlights Second quarter 2024 revenue was $67.9 million, a 2% decrease from $69.5 million in the same period last year.

KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth

ATLANTA , Aug. 7, 2024 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on August 15, 2024, before the U.S. market opens it will release its financial results for the second quarter of 2024.

KORE to Report Second Quarter 2024 Results on August 15, 2024

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ATLANTA , July 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, announced that Bruce Gordon has joined as Executive Vice President and Chief Operating Officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles.

KORE Announces Appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer

KORE common stock expected to begin trading on a 1-for-5 split adjusted basis on July 1, 2024 ATLANTA , June 21, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced that its Board of Directors has approved a 1-for-5 reverse stock split of the Company's common stock. The reverse stock split is expected to become effective at 12:01 a.m.

KORE to Effect a Reverse Stock Split

KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director, Investor Relations Ronald Totton - Interim President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Lance Vitanza - TD Cowen Karan Juvekar - Morgan Stanley Scott Searle - Roth MKM Operator Greetings, and welcome to the KORE Group Holdings' Inc. First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

KORE Group Holdings, Inc. (KORE) Q1 2024 Earnings Call Transcript

ATLANTA , May 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter ended March 31, 2024. Company Highlights First quarter 2024 revenue was $76.0 million, a 15.2% increase over the same period last year.

KORE Reports First Quarter 2024 Results

ATLANTA , May 9, 2024 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on May 15, 2024, after the U.S. market closes it will release its financial results for the first quarter of 2024.

KORE to Report First Quarter 2024 Results on May 15, 2024

Romil Bahl to step down and Ronald Totton named as Interim President and CEO ATLANTA , April 29, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE," the "Company," "we" or "our"), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that Romil Bahl will be stepping down as President and Chief Executive Officer and that the Company's Board of Directors (the "Board") has named Ronald Totton as the Company's Interim President and Chief Executive Officer, effective May 3, 2024. Romil Bahl has served as KORE's President and CEO since 2017.

KORE Announces President and CEO Transition

KORE Group Holdings, Inc. (NYSE:KORE ) Q4 2023 Results Conference Call April 11, 2024 8:00 AM ET Company Participants David Freund - Manager, M&A Romil Bahl - President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Scott Searle - Roth MKM Michael Latimore - Northland Capital Markets Mary Lenox - Morgan Stanley Operator Hello, and welcome to the KORE Group Holdings' Fourth Quarter 2023 Earnings Call and Webcast. As a reminder, this conference is being recorded.

KORE Group Holdings, Inc. (KORE) Q4 2023 Earnings Call Transcript

ATLANTA , April 11, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter and full year ended December 31, 2023. Company Highlights The Company is providing 2024 revenue guidance in the range of $300 to $305 million and Adjusted EBITDA, a non-GAAP metric1, guidance in a range of $64 to $66 million, reflecting a re-acceleration in IoT Connectivity growth.

KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity

ATLANTA , April 8, 2024 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on Thursday, April 11, 2024, before the U.S. market open it will release its financial results for the fourth quarter and full year ended December 31, 2023.

KORE to Report Fourth Quarter and Full Year 2023 Results on April 11, 2024

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of KORE Group Holdings, Inc. (the “Company”), each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share (the “Warrants”) — ticker symbol KORE.WS — from the NYSE. Trading in the Company's Warrants will be suspended immediately. Trading in the Company's common stoc.

NYSE to Commence Delisting Proceedings with Respect to the Warrants of KORE Group Holdings, Inc. (KORE.WS)

ATLANTA , Nov. 16, 2023 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE, KORE.WS) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that it has completed its previously announced transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital ("Whitehorse") and a $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P.

KORE Announces Completion of Comprehensive Debt Refinancing and Strategic Investment

KORE Group Holdings, Inc. (KORE) Q3 2023 Earnings Call Transcript

ATLANTA , Nov. 9, 2023 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE, KORE.WS) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, today reported financial and operational results for the quarter ended September 30, 2023.

News for KORE Group Holdings Stock (KORE)