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KORE Group Holdings, Inc. - $KORE STOCK NEWS

Welcome to our dedicated page for KORE Group Holdings news (Ticker: $KORE), a resource for investors and traders seeking the latest updates and insights on KORE Group Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KORE Group Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KORE Group Holdings's position in the market.

News
KORE Announces President and CEO Transition
Rhea-AI Summary

KORE Group Holdings, Inc. announced the transition of Romil Bahl as President and CEO, with Ronald Totton appointed as Interim President and CEO. Bahl led KORE's growth strategy, enabling a significant increase in IoT connected devices and services, leading to its listing on the NYSE. The change, effective May 3, 2024, aims to position KORE for further success in the IoT market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.35%
Tags
none
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News
Dan Cebula, Vice President for Connected Health at KORE, Appointed to Board of Directors for The Medical Alert Monitoring Association
Rhea-AI Summary
KORE appoints Dan Cebula, VP for Connected Health, to the Board of Directors of The Medical Alert Monitoring Association. Cebula's expertise will drive awareness and growth for the personal emergency response system category. The partnership aims to enhance end-user safety and create better health outcomes for patients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
management
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News
KORE helps GoRout Tackle Communication Between Players and Coaches
Rhea-AI Summary
KORE partners with GoRout to enhance on-field communication between players and coaches through wearable devices, improving gameplay by delivering real-time information. GoRout's rugged devices enable instant communication, play calls, and pitches, with over 2,000 devices launched with KORE's help. The devices are powered by Super SIM®, offering global connectivity through 400 carriers in 185 countries. The partnership aims to revolutionize athletic performance through IoT technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.52%
Tags
none
News
KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity
Rhea-AI Summary
KORE Group Holdings, Inc. reported strong financial results for Q4 2023, with revenue growing by 16% year-over-year. The company provided 2024 revenue guidance of $300-$305 million and Adjusted EBITDA guidance of $64-$66 million, reflecting a re-acceleration in IoT Connectivity growth. KORE's 2024 outlook anticipates a 33% year-over-year Adjusted EBITDA growth. The company landed its first major Connected Health pre-configured solution win and received industry recognition for its IoT offerings. Despite challenges in 2023, KORE remains confident in its growth prospects for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.66%
Tags
earnings
-
News
KORE to Report Fourth Quarter and Full Year 2023 Results on April 11, 2024
Rhea-AI Summary
KORE Group Holdings, Inc. (KORE) to release financial results for Q4 and full year 2023 on April 11, 2024. The global IoT hyperscaler will host a live webcast to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.63%
Tags
conferences earnings
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News
KORE and Medical Guardian Collaborate to Launch First eSIM-Powered Medical Alert Device
Rhea-AI Summary
KORE and Medical Guardian collaborate on the first medical alert device using eSIM technology to enhance 24/7 emergency response coverage. The device aims to improve healthcare access and address disparities by enabling seamless connectivity. KORE's OmniSIM technology allows for wireless switching of network carriers, future-proofing safety devices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.34%
Tags
none
News
KORE Named a Leader by Gartner in the Magic Quadrant for Managed IoT Connectivity Services, Worldwide, for Fifth Consecutive Time
Rhea-AI Summary
KORE, a leading IoT solutions provider, has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Managed IoT Connectivity Services for the fifth consecutive year. The company's commitment to delivering innovative IoT solutions has been praised by Gartner, highlighting KORE's ability to provide global connectivity solutions tailored for diverse markets and use cases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.41%
Tags
none
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News
KORE Receives 2023 IoT Excellence Award
Rhea-AI Summary
KORE, a global IoT solutions leader, has been honored with the 2023 IoT Excellence Award for its Super SIM, offering an API-first approach, self-service buying experience, maximum uptime, network choice, and deep troubleshooting visibility. KORE's CaaS solutions, including Super SIM, ensure optimal coverage, quality, and cost in wireless connectivity, unlocking the potential of global IoT deployments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
-
News
KORE Announces Completion of Comprehensive Debt Refinancing and Strategic Investment
Rhea-AI Summary
KORE Group Holdings, Inc. (NYSE: KORE, KORE.WS) announced the completion of transactions to refinance its term loan, reducing debt by almost $120 million and extending maturity. The company received a $150 million strategic investment from Searchlight Capital Partners, L.P., reducing cash interest expenses by approximately $14 million per year and adding approximately $15 million in cash to KORE's balance sheet. Searchlight appointed two members to the Board of Directors, bringing deep expertise in the communications and technology sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
58.86%
Tags
none
News
KORE Reports Third Quarter 2023 Results: Announces Successful Refinancing and Preferred Stock Issuance Transactions
Rhea-AI Summary
KORE Group Holdings, Inc. (NYSE: KORE, KORE.WS) reported financial results for Q3 2023, including a $300 million term loan refinance, a $150 million strategic investment, and a return to year-over-year growth. The company's total revenue increased by 4% to $68.6 million, driven by strong growth in high margin IoT Connectivity business. KORE's sales funnel now includes almost 1,700 opportunities with an estimated potential TCV of over $740 million, and the company added over 300,000 connections in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.69%
Tags
earnings
Stock KORE logo
KORE Group Holdings, Inc.

NYSE:KORE

KORE Rankings

#4587 Ranked by Market Cap
#5378 Ranked by Stock Gains
N/A Ranked by Dividends

KORE Stock Data

65.31M
36.48M
22.21%
54.17%
0.19%
Wireless Telecommunications Carriers (except Satellite)
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Link
United States of America
ATLANTA

About KORE

the internet of things (iot) means many things to many people - the developer in a lab, the entrepreneur in a garage, the ceo in the corner office - each have their own vision. kore provides the people, expertise and technology to support the many visions of the iot, from the inspiration of things and the innovation of things to the internet of things. founded in 2003, kore quickly rose to become the world’s largest managed network services provider specializing in iot and machine-to-machine (m2m) communications. today, kore is a global leader in software service and platforms that power the iot, with millions of active on-network units. kore is the brand behind successful iot brands, and kore team members are the people powering iot: • sales and engineering teams delve deep into customer needs to understand their vision, creating customized solutions for rapid go-to-market timelines. • the technical support team ensures client technical issues are handled with urgency. • the device ce