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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ATLANTA , Aug. 11, 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 June 30, 2022.

KORE Reports Record Second Quarter 2022 Results

ATLANTA , July 28, 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), will hold a conference call on Thursday, August 11 at 5:00 p.m. Eastern time (2:00 p.m.

KORE Sets Second Quarter 2022 Conference Call for Thursday, August 11, 2022 at 5:00 p.m. ET

KORE named a 2022 Global Competitive Strategy Leader in the Internet of Things Professional Services Industry ATLANTA , July 7, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announces that it has been named a 2022 Global Competitive Strategy Leader in the Internet of Things Professional Services Industry by research and consulting firm Frost & Sullivan. The award highlights KORE's strengths in innovation and customer impact through its comprehensive end-solution enablement services across IoT Connectivity, Solutions & Analytics, which combine to effectively simplify the complexities of IoT, and accelerate time-to-market for our customers.

KORE Recognized for Innovation and Customer Success by Frost & Sullivan

ATLANTA , June 27, 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), reported today that the Company has been added as a member of the broad-market Russell 3000® Index, effective today after the US markets open, as part of the 2022 Russell indexes reconstitution. "In our time as a public company, KORE has delivered meaningful revenue growth and demonstrated that it is a resilient company with a strong business model," said President and CEO Romil Bahl.

KORE Announces Addition to the Russell 3000 Index

KORE moves to Pittsford location to expand managed services to IoT customers PITTSFORD, N.Y. , May 24, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet  of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), celebrated the ribbon cutting of its new location in Pittsford, N.Y.

KORE Cutting Ribbon on New Operational Headquarters for IoT Managed Services

KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2022 Earnings Conference Call May 16, 2022 5:00 PM ET Company Participants Vik Vijayvergiya - Vice President, Investor Relations Romil Bahl - President, Chief Executive Officer and Director Paul Holtz - Chief Financial Officer Conference Call Participants Mike Latimore - Northland Capital Markets Lance Vitanza - Cowen Scott Searle - Roth Capital Matt Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Operator Greetings and welcome to the KORE Wireless Group First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

KORE Group Holdings, Inc. (KORE) CEO Romil Bahl on Q1 2022 Results - Earnings Call Transcript

ATLANTA , May 16, 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 March 31, 2022. "KORE built off a record-setting 2021 with a strong start to 2022.

KORE Reports First Quarter 2022 Results

ATLANTA , May 2, 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), will hold a conference call on Monday, May 16 at 5:00 p.m. Eastern time (2:00 p.m.

KORE Sets First Quarter 2022 Conference Call for Monday, May 16, 2022 at 5:00 p.m. ET

Additional board members bring world-class experience from leading international organizations ATLANTA , April 14, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today that it has added three new members to its Board of Directors in an effort to continue its strategy of providing top-tier, global IoT solutions and services. The KORE Board of Directors is now joined by Paulett Eberhart, James Geisler, and Mark Neporent.

KORE Appoints Three New Members to its Board of Directors

Guests discuss business challenges they solve using IoT and provide insight and advice ATLANTA , April 6, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service, is launching its new podcast, "The Decade of IoT," which discusses the real-world adoption of IoT. The podcast aims to go beyond the hype and dive into actual use cases where IoT is making a real difference to business outcomes.

KORE Premiers 'Decade of IoT' Podcast Discussing How Businesses Are Using IoT to Drive Real Value

Despite a bottom-line miss, investors were impressed by the company's Q4 performance.

Why KORE Group Holdings Was a Winner on Wednesday

KORE Group Holdings, Inc. (KORE) CEO Romil Bahl on Q4 2021 Results - Earnings Call Transcript

ATLANTA , March 29, 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 fourth quarter and full year ended December 31, 2021. "We have never been more excited about our position as the only pure-play IoT company in the public markets," said Bahl.

KORE Reports Fourth Quarter and Full Year 2021 Results

Holtz previously held finance leadership roles with Technology and SaaS companies, most recently as Interim CFO of KORE ATLANTA , March 22, 2022 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) (NYSE: 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 Paul Holtz, who had been serving as the Company's interim Chief Financial Officer, has been named KORE's Executive Vice President, Chief Financial Officer and Treasurer. After a comprehensive search, we are pleased to name Paul Holtz as our CFO going forward.

KORE Names Paul Holtz as Chief Financial Officer

ATLANTA, March 15, 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), will hold a conference call on Tuesday, March 29 at 5:00 p.m. Eastern time (2:00 p.m.

KORE Sets Fourth Quarter and Full Year 2021 Conference Call for Tuesday, March 29, 2022 at 5:00 p.m. ET

ATLANTA, March 2, 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), is scheduled to participate at the following financial conferences during March 2022: KORE Sets March 2022 Financial Conference Schedule. Morgan Stanley Technology, Media and Telecom Conference 2022 Date and Time: Held in-person March 7-10, 2022 at the Palace Hotel in San Francisco, CA.

KORE Sets March 2022 Financial Conference Schedule

ATLANTA , March 1, 2022 /PRNewswire/ -- Romil Bahl, KORE President and CEO, has recently been tapped for key leadership and advisory roles in the technology space, including Chairman of the IoT M2M Council (IMC), Member of Perficient's Board of Directors, and member of the Forbes Technology Council. IoT plays a critical role as we move towards becoming a truly connected planet.

Leading Organizations Appoint KORE President and CEO Romil Bahl to Board and Advisory Roles

ATLANTA, Feb. 22, 2022 /PRNewswire/ -- KORE  (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), with support from Kigen, the global pioneers of OPEN IoT SAFE technology, and Energy Web, the non-profit focused on building operating systems for energy grids, announced today a collaboration that provides a secure and global connectivity solution for smart grid applications, designed with eSIM and OPEN IoT SAFE technology. KORE's award-winning OmniSIM solution, powered by eSIM and multi-IMSI technology, is enabling customers like Energy Web with resilient, future-proof connectivity.

KORE Collaborates with Kigen and Energy Web to Provide Integrated, eSIM-Based, Trusted Identity System for Smart Grid Applications

KORE Group (KORE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy KORE Group (KORE) Ahead of Earnings?

ATLANTA, Feb. 2, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (CaaS), today announced that it has been named by Gartner as a Leader in the Magic Quadrant for Managed IoT Connectivity Services. The evaluation was based on specific criteria that analyzed the company's overall completeness of vision and ability to execute.

KORE Named as a Leader in 2022 Gartner® 2022 Magic Quadrant™ for Managed IoT Connectivity Services

ATLANTA, Jan. 26, 2022 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (CaaS), today announced that its new KORE Developer Portal has been selected as the winner of the "M2M Innovative Solution of the Year" award in the 6th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today. KORE Developer Portal Wins "M2M Innovative Solution of the Year" Award in 2022 IoT Breakthrough Awards Program.

KORE Developer Portal Wins "M2M Innovative Solution of the Year" Award in 2022 IoT Breakthrough Awards Program

ATLANTA, Dec. 29, 2021 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (CaaS), is marking the end of a successful year with new solutions and accolades along with KORE's listing on the New York Stock Exchange. "It has been impressive how the KORE team has stayed focused on our transformation despite the pandemic and our 'go public' effort," said Romil Bahl, President and CEO of KORE.

KORE Celebrates 2021 Business Momentum Highlighted by Innovative Product Launches, Industry Awards and NYSE Listing

ATLANTA, Dec. 7, 2021 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced that members of its executive leadership team will participate virtually in the following investor conference in December 2021: KORE to Present at Oppenheimer's 5G Summit. Oppenheimer 5G Summit: Wireless and Cloud Convergence Begins •         Date: December 14, 2021 Time: 3:45 p.m.

KORE to Present at Oppenheimer's 5G Summit

ATLANTA, Nov. 29, 2021 /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 Paul Holtz, SVP of Corporate Performance, Planning and Analytics, has been named as interim Chief Financial Officer, while KORE identifies a permanent successor. He succeeds Puneet Pamnani, Chief Financial Officer (CFO), who is stepping down to pursue other opportunities.

KORE Announces CFO Transition

ATLANTA, Nov. 22, 2021 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today the launch of KORE OmniSIM™, a true global eSIM solution that makes IoT connectivity more accessible and seamless across the globe. Next-generation connectivity, KORE OmniSIM™ provides zero-touch provisioning and global resilient connectivity.

News for KORE Group Holdings Stock (KORE)