Kore Group Holdings (KORE) Stock News

KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler specializing in IoT Connectivity, Solutions and Analytics, has scheduled its Q2 2025 earnings release for August 14, 2025, after U.S. market close.

The company will host a live webcast at 5:00 p.m. Eastern time, including a Q&A session. Investors can access the event through the webcast or join via phone using the U.S. dial-in (877) 407-3039 or international dial-in (215) 268-9922 with Conference ID 13755120.

KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler specializing in Connectivity, Solutions, and Analytics, has been added to the Russell Microcap® Index following the 2025 Russell indexes reconstitution, effective June 30, 2025.

The inclusion reflects KORE's growing market recognition and progress in executing its value creation plan. The Russell Microcap® Index membership, which lasts for one year, is determined by market capitalization rankings and includes the top 4,000 US stocks. Russell indexes serve as benchmarks for approximately $10.6 trillion in assets as of June 2024.

KORE Group Holdings (KORE) has achieved a significant milestone of 20 million Total IoT Connections, reinforcing its position as one of the largest global IoT connectivity providers. Founded over 20 years ago, KORE has evolved from a machine-to-machine connectivity pioneer into a comprehensive IoT solutions provider. CEO Ron Totton emphasized the company's commitment to reliability, scale, and innovation, announcing their next target of 30 million connections. The achievement has been validated by testimonials from key partners including Linxup, Halo Collar, Status Awareness Systems Australia, and Intellishift, who highlighted KORE's reliable connectivity, proactive support, and ability to enable business expansion across new geographies.

KORE Group Holdings has appointed Anthony Bellomo as Executive Vice President, Chief Financial Officer and Treasurer, effective June 2, 2025. Bellomo joins from Mitel Networks Corporation where he served as Group VP of Finance M&A and Chief Accounting Officer since 2018, bringing 15 years of financial leadership experience. He holds multiple professional certifications including CPA and CFA, with degrees from the University of Waterloo. Bellomo succeeds Paul Holtz, who departed on May 30, 2025, but will remain as a non-executive advisor until June 30, 2025 to ensure a smooth transition.

KORE Group Holdings (NYSE: KORE), an IoT hyperscaler, reported Q1 2025 results with mixed performance. Total Connections grew 8% YoY to 19.8 million. Operating cash flow increased 51% to $2.9 million, while Free Cash Flow rose 121% to $0.6 million, both positive for the second consecutive quarter. Operating expenses decreased 15% to $41.6 million following restructuring efforts. Total revenue declined to $72.1 million from $76.0 million YoY. IoT Solutions margin improved to 33.0%, up 210 basis points YoY. The company maintained its 2025 guidance, expecting revenue of $288-298 million, Adjusted EBITDA of $62-67 million, and Free Cash Flow of $10-14 million.

KORE, in collaboration with Winnebago and Robo, has unveiled Winnebago Connect™, an innovative IoT platform transforming the RV experience. The system integrates KORE's managed IoT services for global connectivity, Robo's software platform for user interface and intelligent features, and Ericsson's network solutions with dual-carrier Wi-Fi and edge computing.

The platform offers smart features including GPS tracking, real-time notifications, remote climate control, and intelligent energy management for off-grid power optimization. Powered by Ericsson's Cradlepoint routers, Winnebago Connect aims to enhance travel safety, convenience, and the overall RV ownership experience through advanced connectivity and automation.

KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler specializing in IoT Connectivity, Solutions and Analytics, has scheduled its Q1 2025 earnings release for May 15, 2025, after U.S. market close. The company will host a live webcast and Q&A session at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) on the same day to discuss the financial results. Interested participants can join via webcast or dial in using U.S. number (877) 407-3039 or international number (215) 268-9922 with Conference ID 13753735.

KORE, a global IoT hyperscaler, reported its Q4 and full-year 2024 results with notable growth in key metrics. The company achieved $286.1 million in total revenue, with IoT Connectivity revenue increasing by $24.5 million (12% year-over-year). Total connections grew by 1.2 million to reach 19.7 million.

Financial highlights include improved operating cash flow of $9.9 million and positive free cash flow of $1.6 million in Q4. The company completed a restructuring plan delivering over $20 million in annual run-rate savings. Despite progress, net loss for 2024 was $146.1 million, though this marked a 12.5% improvement from 2023.

Looking ahead to 2025, KORE projects:

• Revenue between $288-298 million
• Adjusted EBITDA of $62-67 million
• Free Cash Flow of $10-14 million

KORE Group Holdings (NYSE: KORE), an IoT solutions provider, received a notice from the NYSE on April 16, 2025, regarding its non-compliance with listing standards due to delayed filing of its 2024 Annual Report (Form 10-K). The notice grants KORE a six-month period until October 15, 2025, to file the report and regain compliance.

While the notice doesn't immediately affect KORE's NYSE listing, the exchange may initiate delisting proceedings if deemed necessary. The company attributes the delay to additional time needed for financial reporting and closing procedures, and expects to file the Form 10-K by April 30, 2025.