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.

Earnings data Q3 2021

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Earnings data Q3 2024

Earnings data Q4 2024

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) 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.

KORE Reports Third Quarter 2023 Results: Announces Successful Refinancing and Preferred Stock Issuance Transactions

ATLANTA , Oct. 26, 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, announced that on Thursday, November 9, 2023, after the U.S. market close it will release its financial results for the third quarter, which ended September 30, 2023. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m.

KORE to Report Third Quarter 2023 Financial Results on November 9, 2023

KORE Group Holdings, Inc. (NYSE:KORE ) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Charley Brady - Vice President, Investor Relations Romil Bahl - President and Chief Executive Officer Paul Holtz - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Latimore - Northland Capital Markets Scott Searle - ROTH MKM Meta Marshall - Morgan Stanley Matt Niknam - Deutsche Bank Operator Thanks, and welcome to the KORE Group Holdings second quarter earnings conference call. At this time, all participants are in a listen-only mode.

KORE Group Holdings, Inc. (KORE) Q2 2023 Earnings Call Transcript

ATLANTA , Aug. 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 June 30, 2023.

KORE Reports Second Quarter 2023 Results; Maintains 2023 Revenue and Adjusted EBITDA Guidance

ATLANTA , July 26, 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, announced that on Wednesday, August 9, 2023, after the U.S. market close it will release its financial results for the second quarter, which ended June 30, 2023. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m.

KORE Group Holdings to Report Second Quarter 2023 Financial Results on August 9, 2023

Jason Dietrich named as Executive Vice President and Chief Revenue Officer, and Júlio Tesser named as Vice President, Latin America ATLANTA , June 12, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE, KORE WS), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, announced today the appointment of two new leaders to help drive KORE's next phase of growth. Jason Dietrich joins the Company as Executive Vice President and Chief Revenue Officer, responsible for leading KORE's global sales and marketing teams.

KORE names new sales leaders to continue growth and expansion

Twilio

ATLANTA , June 1, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) (NYSE: KOREWS), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, announced today the closing of the acquisition of Twilio's (NYSE: TWLO) IoT business unit. KORE and Twilio previously announced on March 27, 2023, that the two organizations had entered into a definitive agreement for the acquisition.

KORE Continues Journey to Become World's First IoT Hyperscaler with Closing of Acquisition of Twilio's IoT Business Unit

KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Charley Brady - Vice President-Investor Relations Romil Bahl - President and Chief Executive Officer Paul Holtz - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Lance Vitanza - Cowen Aditya Dagaonkar - Northland Capital Markets Meta Marshall - Morgan Stanley Walter Piecyk - LightShed Operator Greetings, and welcome to the KORE Group Holdings First Quarter 2023 Earnings Call. [Operator Instructions].

KORE Group Holdings, Inc. (KORE) Q1 2023 Earnings Call Transcript

KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.15 per share a year ago.

KORE Group Holdings, Inc. (KORE) Reports Q1 Loss, Tops Revenue Estimates

ATLANTA , May 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 March 31, 2023.

KORE Reports First Quarter 2023 Results; Reiterates 2023 Guidance

ATLANTA , April 24, 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, announced that on Tuesday, May 9, 2023, after the U.S. market close it will release its financial results for the first quarter, which ended March 31, 2023. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m.

KORE Group Holdings to Report First Quarter 2023 Financial Results on May 9, 2023

ATLANTA , March 31, 2023 /PRNewswire/ -- KORE  Group Holdings, Inc.  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today announced additional details relating to the anticipated filing of its Annual Report on Form 10-K for fiscal year 2022 (the "10-K"). On March 17, 2023, KORE filed a Form 12b-25 to provide notice that the Company was unable to file the 10-K on or prior to the March 16, 2023 due date and that the Company anticipated filing the 10-K on or prior to fifteen days after such due date.

KORE Provides Additional Details Relating to Anticipated Filing of its Annual Report on Form 10-K for Fiscal Year 2022

KORE Group Holdings, Inc. (NYSE:KORE ) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ET Company Participants Charley Brady - Vice President-Investor Relations Romil Bahl - President and Chief Executive Officer Paul Holtz - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Aditya Dagaonkar - Northland Capital Scott Searle - Roth Capital Partners Lance Vitanza - Cowen Matthew Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Operator Greetings and welcome to the KORE Group Holdings Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

KORE Group Holdings, Inc. (KORE) Q4 2022 Earnings Call Transcript

KORE Group Holdings, Inc. (KORE) delivered earnings and revenue surprises of -15.38% and 2.70%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

KORE Group Holdings, Inc. (KORE) Reports Q4 Loss, Tops Revenue Estimates

ATLANTA , March 27, 2023 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today reported preliminary unaudited financial and operational results for the quarter and full year ended December 31, 2022.

KORE Reports Preliminary and Unaudited Fourth Quarter and Full-Year 2022 Results; Provides Full-Year 2023 Revenue Guidance of $300 to $310 Million, Representing Year-Over-Year Growth of 12% to 15%

KORE and Twilio have signed an agreement for KORE to acquire the IoT unit of Twilio, bringing best-in-class IoT customers and talent to KORE ATLANTA , March 27, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE, KORE WS), a global leader in Internet of Things ("IoT") Solutions and worldwide IoT Connectivity-as-a-Service ("IoT CaaS"), announced today the signing of a definitive agreement to acquire Twilio's IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world's leading pure-play IoT provider. As consideration for the acquisition, Twilio (NYSE:TWLO), the customer engagement platform that drives real-time, personalized experiences for today's leading brands, will receive 10 million shares of KORE common stock, which will represent approximately 11.5% of KORE's issued and outstanding shares.

KORE to Acquire Twilio's IoT Business Unit and Accelerate Progress Towards Building the World's First 'IoT Hyperscaler'

ATLANTA, March 17, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), will hold a conference call on Monday, March 27 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2022. Financial results will be issued in a press release prior to the call. The Company has filed Form 12b-25 with the Securities and Exchange Commission (SEC) to extend the filing deadline for its Form 10-K for fifteen calendar days until Friday, March 31, 2022.

KORE Sets Fourth Quarter and Full Year 2022 Conference Call for Monday, March 27, 2023, at 5:00 p.m. ET

ATLANTA , Feb. 27, 2023 /PRNewswire/ --   KORE Group Holdings, Inc .  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today announced that Romil Bahl, President and CEO and Paul Holtz, Executive VP, CFO and Treasurer, will be attending the 35th Annual ROTH Conference, in Laguna Niguel, California March 12-14, 2023.

KORE To Participate At The 35th Annual ROTH Technology Event

ATLANTA , Jan. 9, 2023 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today announces that KORE will be participating in the Needham Growth Conference on Thursday, January 12, 2023.

KORE To Participate In Needham Growth Conference

KORE's comprehensive suite of IoT solutions and services simplify the complexities involved in providing an "aging in place" Connected Health solution that improves the quality of life for seniors ATLANTA , Nov. 29, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announces its collaboration with Care Daily, a technology-based, in-home senior care company driven by artificial intelligence (AI) and IoT. The senior population in the United States is anticipated to grow to 95 million by 2060, accounting for 23 percent of the nation's population.

In-Home Senior Care Powered by Care Daily Artificial Intelligence and Supported Through KORE IoT Connectivity and Managed Services

KORE Group Holdings, Inc. (NYSE:KORE ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Charley Brady – Vice President-Investor Relations Romil Bahl – President and Chief Executive Officer Paul Holtz – Chief Financial Officer Conference Call Participants Scott Searle – Roth Capital Matt Niknam – Deutsche Bank Meta Marshall – Morgan Stanley Walter Piecyk – Lightshed Lance Vitanza – Cowen Operator Greetings and welcome to the KORE Group Holdings Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

KORE Group Holdings, Inc. (KORE) Q3 2022 Earnings Call Transcript

ATLANTA , Nov. 14, 2022 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today reported financial and operational results for the quarter ended September 30, 2022.

KORE Reports Third Quarter 2022 Results, Increases Revenue Guidance for 2022

ATLANTA , Nov. 7, 2022 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today announces that Romil Bahl, President and CEO and Paul Holtz, Executive VP, CFO and Treasurer, will be attending ROTH's 11th Annual Technology Event, which will be held at the Yale Club in New York City on November 16, 2022.

KORE To Participate At The 11th Annual ROTH Technology Event

KORE Group Holdings, Inc. (KORE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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