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) CEO Romil Bahl on Q3 2021 Results - Earnings Call Transcript

ATLANTA, Nov. 15, 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 reported financial and operational results for the third quarter and nine months ended September 30, 2021. "Following the successful closing of our business combination with Cerberus Telecom Acquisition Corp. ("CTAC"), and our subsequent NYSE listing, we are delighted to report a strong set of third quarter financial results.

KORE Reports Strong Third Quarter and Nine Month 2021 Results

ATLANTA, Nov. 1, 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), will hold a conference call on Monday, November 15 at 5:00 p.m. Eastern time (2:00 p.m.

KORE Sets Third Quarter 2021 Conference Call for Monday, November 15, 2021 at 5:00 p.m. ET

ATLANTA, Oct. 26, 2021 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), unveiled today a new Connected Health solution that enables customers to quickly incorporate the data telemetry component into their overall Connected Health offering, allowing their resources to focus on their primary business objective and value proposition. "Orchestrating the data telemetry from clinical trial participants, medical devices, sensors, etc.

KORE Announces Launch of Connected Health Telemetry Solution that Simplifies Remote Data Capture for Healthcare and Life Sciences Applications

ATLANTA and LOS ANGELES, Oct. 25, 2021 /PRNewswire/ -- Halo Collar with Cesar Millan, developers of the world's most advanced pet safety and training technology, has announced they will be premiering the new Halo Collar at Mobile World Congress in Los Angeles on Oct. 26, in collaboration with KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS). Founded by inventor Ken Ehrman and dog expert Cesar Millan, the Halo Collar provides the ultimate boundary training for dogs, big and small, for the ultimate peace of mind.

The New Halo Collar, the Go-Anywhere Wireless Fence, Launches in Collaboration with KORE at Mobile World Congress Los Angeles

ATLANTA, Oct. 19, 2021 /PRNewswire/ -- KORE (NYSE: KORE), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today that its President and CEO Romil Bahl  will address the issue of IoT security at Mobile World Congress, which takes place at the Los Angeles Convention Center in Los Angeles, California and starts Tuesday, Oct. 26, 2021. "CISOs are eager to shore up sensors, routers, and other IoT devices that are connected to their networks.

KORE President and CEO to Headline Mobile World Congress Session on IoT Security

ATLANTA, Oct. 11, 2021 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) ("KORE"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today that its President and CEO Romil Bahl  will participate in one of finance's longest-held traditions by opening the trading of equities on the New York Stock Exchange with the ringing of the Opening Bell®. Tune in on Tuesday, Oct. 12 at 9:26 a.m.

KORE to Ring Opening Bell on the New York Stock Exchange

Cerberus Telecom Acquisition Corp.

ATLANTA, Oct. 1, 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) announced that it will begin trading on the New York Stock Exchange today after completing the previously announced business combination between KORE Wireless Group, Inc. ("KORE Wireless") and Cerberus Telecom Acquisition Corp. (NYSE: CTAC.U, CTAC, CTAC WS) ("CTAC"). "I am thrilled to celebrate this milestone on the KORE journey.

KORE Debuts on NYSE After Closing Merger with Cerberus Telecom Acquisition Corp.

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