Kore Group Holdings Stock Price, News & Analysis

KORE Group Holdings, a leader in IoT Solutions, plans to file its Form 10-K within the 15-day extension provided by SEC Rule 12b-25. A conference call is scheduled for March 27, 2023, at 5:00 p.m. ET to discuss Q4 and full-year results for 2022. The filing deadline for Form 10-K has been extended to March 31, 2023. Financial results will be released prior to the call. Investors can join via dial-in or webcast. The company's solutions aim to simplify IoT complexities for various organizations, enhancing operational results.

KORE Group Holdings, a leader in IoT solutions, will participate in the 35th Annual ROTH Conference held in Laguna Niguel, California, from March 12-14, 2023. Romil Bahl, President and CEO, and Paul Holtz, Executive VP and CFO, will engage in one-on-one and small group meetings with institutional investors. This event highlights KORE's commitment to connecting with investors and showcases its industry expertise. KORE is traded under the ticker symbol KORE on the NYSE. For more details, interested parties can register at Roth Conference Registration.

KORE, a leader in IoT solutions, will unveil its new software MODGo at Mobile World Congress Barcelona from February 27 to March 2, 2023. MODGo is a SaaS solution designed to streamline IoT asset management, addressing challenges in implementation and logistics. It allows organizations to manage the entire lifecycle of connected devices, covering aspects like deployment, monitoring, and inventory management. KORE collaborated with IMS to develop MODGo, aiming to simplify complex processes and improve operational efficiency. The launch emphasizes KORE's commitment to enhancing IoT experiences for businesses and consumers alike.

KORE Group Holdings (NYSE: KORE) announced its participation in the Needham Growth Conference on January 12, 2023. CEO Romil Bahl and CFO Paul Holtz will host virtual one-on-one meetings with institutional investors and present at 4:30 pm ET. The webcast can be accessed on the KORE investor relations website and will be available for replay for 90 days post-event. KORE is recognized as a leader in IoT solutions and Connectivity-as-a-Service, helping organizations simplify IoT complexities.

KORE (NYSE: KORE) announced a collaboration with Amazon Web Services (AWS) to enhance IoT device connectivity and security. Utilizing the innovative OmniSIM SAFE solution, KORE aims to address security challenges in global Massive IoT deployments. This eSIM technology adheres to the GSMA IoT SIM Applet for Secure End-2-End standard, fostering safer device communications. KORE's approach supports zero-touch provisioning, simplifying device management. The company anticipates significant growth in IoT, expecting up to 75 billion connected devices by 2030.

KORE has announced a multi-year alliance with Google Cloud to enhance IoT capabilities for global businesses. This partnership aims to leverage Google Cloud's infrastructure alongside KORE's IoT Solutions, simplifying IoT deployment for enterprises. KORE's innovative platform will be integrated into Google Cloud, facilitating better device management and connectivity. The collaboration is set to expand market paths for various industries including healthcare, logistics, and retail, ultimately aiming to improve operational outcomes through enhanced IoT services.

KORE (NYSE: KORE) has partnered with Care Daily, an AI-driven in-home senior care company, to enhance Connected Health solutions for seniors. With the senior population projected to reach 95 million by 2060, KORE aims to support the aging-in-place trend by providing scalable IoT connectivity and managed services. Care Daily's AI-assistant platform, validated for its efficacy in aiding caregivers, will leverage KORE's services to streamline operations and hardware logistics. This collaboration seeks to empower seniors with safe, autonomous living while facilitating real-time health monitoring.

KORE Group Holdings reported Q3 2022 revenue of $66.6 million, slightly down by 1.8% year-over-year, but raised its revenue guidance for the year to $265-$267 million, marking a 12% year-to-date increase. The company generated $9.8 million in cash flow from operations in Q3, and its IoT Connectivity revenue grew by 4.4%, despite foreign exchange headwinds. However, the net loss increased to $13 million, driven by higher SG&A expenses and interest costs. KORE's business development funnel shows promising opportunities valued at over $400 million.