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$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of KORE Group Holdings, Inc. (NYSE: KORE)
Prnewswire· 2026-02-27 19:15
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of KORE Group Holdings, Inc. (NYSE: KORE) [Accessibility Statement] Skip NavigationNEW YORK, Feb. 27, 2026 /PRNewswire/ -- Class Action Attorney [Juan Monteverde] with [Monteverde & Associates PC](the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York Cit ...
Shareholder Alert: The Ademi Firm investigates whether KORE Group Holdings Inc. is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-02-27 15:14
Shareholder Alert: The Ademi Firm investigates whether KORE Group Holdings Inc. is obtaining a Fair Price for its Public Shareholders [Accessibility Statement] Skip NavigationMILWAUKEE, Feb. 27, 2026 /PRNewswire/ -- Ademi LLP is investigating KORE (NYSE: KORE) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Searchlight Capital Partners and Abry Partners.Click [here] to learn how to join our investigation and obtain additional information or cont ...
KORE Announces Agreement to be Acquired by Searchlight Capital Partners and Abry Partners
Prnewswire· 2026-02-27 12:00
KORE Announces Agreement to be Acquired by Searchlight Capital Partners and Abry Partners [Accessibility Statement] Skip NavigationKORE shareholders to receive $9.25 per share in cash, representing approximately 700% premium to the unaffected priceATLANTA and NEW YORK, Feb. 27, 2026 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and leading provider of IoT Connectivity, Solutions and Analytics, Searchlight Capital ...
Kore Announces The Passing Of Board Member Barry Brandon
Thenewswire· 2026-02-14 01:00
Core Viewpoint - KORE Mining Ltd. has announced the passing of Mr. Barry Brandon, a director since April 2024, and is currently seeking a qualified independent director to fill the vacancy [1][2]. Company Information - KORE Mining is focused on responsibly creating value from its portfolio of gold assets in California, USA, and is advancing the Imperial project towards development while exploring district-scale gold assets [2]. Director Search - The company has initiated a search for a qualified independent director to fill the vacancy left by Mr. Brandon and will provide updates on this process in due course [2][7].
KORE Group Holdings, Inc. (KORE) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2025-11-13 01:00
分组1 - KORE Group Holdings, Inc. reported a quarterly loss of $0.45 per share, which aligns with the Zacks Consensus Estimate, showing improvement from a loss of $1 per share a year ago [1] - Cerberus Telecom Acquisition posted revenues of $68.69 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 5.51%, and down from $68.92 million year-over-year [2] - Cerberus Telecom Acquisition shares have increased approximately 31.7% year-to-date, outperforming the S&P 500's gain of 16.4% [3] 分组2 - The earnings outlook for Cerberus Telecom Acquisition is crucial for investors, as it includes current consensus earnings expectations and recent changes in these expectations [4] - The estimate revisions trend for Cerberus Telecom Acquisition was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The current consensus EPS estimate for the upcoming quarter is -$0.37 on revenues of $76.8 million, and -$1.95 on revenues of $293 million for the current fiscal year [7] 分组3 - The Internet - Software industry, where Cerberus Telecom Acquisition operates, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Elastic, another company in the same industry, is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year change of -1.7%, with revenues anticipated to be $418.13 million, up 14.4% from the previous year [9][10]
KORE Group Holdings, Inc. (KORE) Q3 2025 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-11-12 23:31
Core Points - The KORE Group Holdings, Inc. is conducting its Third Quarter 2025 Earnings Call, with a focus on discussing the company's financial results and performance [1][2]. Group 1: Earnings Call Overview - The call is led by Vik Vijayvergiya, Vice President of Investor Relations and Corporate Development, who encourages participants to follow along with the earnings presentation and press release [2]. - The company has made available a recording of the call on its Investor Relations page for future reference [2]. Group 2: Financial Information - The company will discuss non-GAAP financial information during the call, which serves as a supplement to the GAAP metrics [4]. - A reconciliation of non-GAAP metrics to GAAP reported figures is provided for clarity [4].
KORE(KORE) - 2025 Q3 - Earnings Call Transcript
2025-11-12 23:00
Financial Data and Key Metrics Changes - The company's revenue for Q3 2025 was $68.7 million, remaining flat year over year [11] - Adjusted EBITDA increased by 12%, or $1.5 million, to $14.5 million compared to Q3 2024 [4][12] - Net loss improved to $12.7 million from $19.4 million in the prior year, aided by a tax benefit from recent U.S. legislation [13][14] - Cash generated from operations was $1.1 million, while free cash flow improved by $1.1 million to negative $1.1 million [5][14] Business Line Data and Key Metrics Changes - IoT connectivity revenue was flat at $56.7 million, with a sequential growth of 1.7% over Q2 2025 [11] - IoT solutions revenue decreased slightly to $11.9 million, primarily due to timing of customer orders [11] - Average revenue per user per month (ARPU) decreased to $0.94 from $1.01 in Q3 2024, attributed to new connections from lower ARPU use cases [12] Market Data and Key Metrics Changes - Total connections grew by 9% year over year, surpassing 20.5 million [7] - The company secured $11.3 million in new and expansion EARR, indicating strong sales momentum [6][8] Company Strategy and Development Direction - The company is focused on a five-pillar value creation plan aimed at profitable growth [5] - Recent product innovations include the launch of KORE One, a unified customer platform, and a new connectivity offering [6] - The company is executing a facility rationalization plan and deploying AI tools to enhance productivity [7] Management's Comments on Operating Environment and Future Outlook - Management emphasized the ongoing transformation of the company, highlighting improved profitability and operational discipline [14] - The company has suspended guidance for the remainder of fiscal year 2025 due to ongoing discussions regarding a potential acquisition [15] Other Important Information - The company received a letter from existing investors expressing interest in acquiring all common stock not already held by them [15] - A special committee has been formed to review and negotiate potential strategic transactions [15] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.
KORE(KORE) - 2025 Q3 - Earnings Call Presentation
2025-11-12 22:00
T h i r d Q u a r t e r 2 0 2 5 E a r n i n g s P r e s e n t a t i o n November 12, 2025 Di scl aime rs Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. KORE's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statement ...
KORE Reports Third Quarter 2025 Results
Prnewswire· 2025-11-12 21:15
Core Insights - KORE Group Holdings, Inc. reported a solid quarter with a 12% increase in Adjusted EBITDA and a total of over 20.5 million connections, indicating successful execution of its profitable growth strategy [2][12]. Financial Performance - Total revenue for the third quarter of 2025 was $68.7 million, roughly flat compared to the same period last year [12]. - IoT Connectivity revenue was $56.7 million, accounting for 83% of total revenue, while IoT Solutions revenue was $11.9 million, making up 17% [4]. - The net loss decreased to $12.7 million, an improvement of $6.7 million or 35% from the same period last year [12]. - Adjusted EBITDA increased to $14.5 million, up $1.5 million or 12% year-over-year [12]. Operational Metrics - The period-end total connections reached 20.5 million, up 9% from 18.8 million in the same period last year [12]. - The average total connections for the period were 20.4 million, compared to 18.6 million in the previous year [4]. Strategic Developments - The company is currently in discussions regarding a potential acquisition of its outstanding shares by Searchlight Capital Partners and Abry Partners, leading to the suspension of guidance for the remainder of Fiscal Year 2025 [5][6].
KORE(KORE) - 2025 Q3 - Quarterly Results
2025-11-12 21:14
Financial Performance - Total Revenue for Q3 2025 was $68.7 million, roughly flat compared to $68.9 million in Q3 2024[5] - Adjusted EBITDA rose to $14.5 million, an increase of 12% from $12.986 million in Q3 2024[5][24] - Net Loss improved to $12.7 million, a reduction of $6.7 million or 35% from the previous year[5] - Free Cash Flow increased to negative $1.1 million, an improvement of $1.1 million from the same period last year[5] - Overall gross profit margin for the company was 37.8% for Q3 2025, compared to 35.4% in Q3 2024[28] - Non-GAAP profit margin for the overall business was 55.2% for the three months ended September 30, 2025, compared to 56.7% in the same period of 2024[28] Connectivity Metrics - Total Connections increased to 20.5 million, up 9% from 18.8 million in the same period last year[5] - IoT Connectivity revenue accounted for 79% of total revenue for the nine months ended September 30, 2025, totaling $166.7 million[6] - The average total connections for the nine months ended September 30, 2025, was 20.1 million, compared to 18.4 million in the same period last year[6] Revenue Breakdown - IoT Connectivity revenue for the three months ended September 30, 2025, was $56,747,000, slightly up from $56,721,000 in 2024[28] - IoT Solutions revenue for the three months ended September 30, 2025, was $11,945,000, down from $12,199,000 in 2024[28] Profitability Metrics - Gross profit margin for IoT Connectivity increased to 40.9% in Q3 2025 from 39.0% in Q3 2024[28] - Non-GAAP profit margin for IoT Connectivity was 59.6% for the three months ended September 30, 2025, compared to 60.9% in the same period of 2024[28] - Total gross profit for the nine months ended September 30, 2025, was $76,962,000, down from $79,836,000 in 2024[28] Strategic Initiatives - The company is suspending guidance for the remainder of Fiscal Year 2025 due to ongoing strategic review discussions with potential acquirers[7][8] - The company is actively evaluating a potential strategic transaction with Searchlight Capital Partners and Abry Partners[7] Cash Flow - For the three months ended September 30, 2025, net cash provided by operating activities was $1,063,000, compared to $1,176,000 in the same period of 2024[26] - For the nine months ended September 30, 2025, net cash provided by operating activities was $8,038,000, compared to $7,066,000 in 2024[26] - Free cash flow for the three months ended September 30, 2025, was $(1,130,000), a decrease from $(2,217,000) in the same period of 2024[26]