2 weeks ago - prnewswire.com

KORE common stock expected to begin trading on a 1-for-5 split adjusted basis on July 1, 2024 ATLANTA , June 21, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced that its Board of Directors has approved a 1-for-5 reverse stock split of the Company's common stock. The reverse stock split is expected to become effective at 12:01 a.m.

1 month ago - https://www.defenseworld.net

KORE Group Holdings, Inc. (NYSE:KORE – Free Report) – Investment analysts at Roth Capital cut their Q2 2024 EPS estimates for KORE Group in a report issued on Thursday, May 16th. Roth Capital analyst S. Searle now forecasts that the company will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.07). The consensus estimate for KORE Group’s current full-year earnings is ($0.25) per share. Roth Capital also issued estimates for KORE Group’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.34) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.22) EPS. Separately, Roth Mkm reissued a “buy” rating and set a $3.50 price target on shares of KORE Group in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.94. Check Out Our Latest Report on KORE KORE Group Price Performance Shares of KORE opened at $0.77 on Monday. The stock has a market capitalization of $64.26 million, a PE ratio of -0.41 and a beta of 2.71. The company has a 50 day moving average price of $0.77 and a 200-day moving average price of $0.77. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.26 and a current ratio of 1.37. KORE Group has a fifty-two week low of $0.32 and a fifty-two week high of $1.76. KORE Group (NYSE:KORE – Get Free Report) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.26) earnings per share for the quarter. KORE Group had a negative net margin of 57.97% and a negative return on equity of 123.65%. The firm had revenue of $72.47 million during the quarter. Institutional Inflows and Outflows A hedge fund recently bought a new stake in KORE Group stock. Worth Venture Partners LLC acquired a new stake in KORE Group Holdings, Inc. (NYSE:KORE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 37,038 shares of the company’s stock, valued at approximately $36,000. Hedge funds and other institutional investors own 57.45% of the company’s stock. About KORE Group (Get Free Report) KORE Group Holdings, Inc provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology for the business market. The company's products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services.

1 month ago - seekingalpha.com

KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director, Investor Relations Ronald Totton - Interim President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Lance Vitanza - TD Cowen Karan Juvekar - Morgan Stanley Scott Searle - Roth MKM Operator Greetings, and welcome to the KORE Group Holdings' Inc. First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

1 month ago - prnewswire.com

ATLANTA , May 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter ended March 31, 2024. Company Highlights First quarter 2024 revenue was $76.0 million, a 15.2% increase over the same period last year.

1 month ago - prnewswire.com

ATLANTA , May 9, 2024 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on May 15, 2024, after the U.S. market closes it will release its financial results for the first quarter of 2024.

2 months ago - prnewswire.com

Romil Bahl to step down and Ronald Totton named as Interim President and CEO ATLANTA , April 29, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE," the "Company," "we" or "our"), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that Romil Bahl will be stepping down as President and Chief Executive Officer and that the Company's Board of Directors (the "Board") has named Ronald Totton as the Company's Interim President and Chief Executive Officer, effective May 3, 2024. Romil Bahl has served as KORE's President and CEO since 2017.

2 months ago - seekingalpha.com

KORE Group Holdings, Inc. (NYSE:KORE ) Q4 2023 Results Conference Call April 11, 2024 8:00 AM ET Company Participants David Freund - Manager, M&A Romil Bahl - President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Scott Searle - Roth MKM Michael Latimore - Northland Capital Markets Mary Lenox - Morgan Stanley Operator Hello, and welcome to the KORE Group Holdings' Fourth Quarter 2023 Earnings Call and Webcast. As a reminder, this conference is being recorded.

2 months ago - prnewswire.com

ATLANTA , April 11, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter and full year ended December 31, 2023. Company Highlights The Company is providing 2024 revenue guidance in the range of $300 to $305 million and Adjusted EBITDA, a non-GAAP metric1, guidance in a range of $64 to $66 million, reflecting a re-acceleration in IoT Connectivity growth.

2 months ago - prnewswire.com

ATLANTA , April 8, 2024 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on Thursday, April 11, 2024, before the U.S. market open it will release its financial results for the fourth quarter and full year ended December 31, 2023.

7 months ago - businesswire.com

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the warrants of KORE Group Holdings, Inc. (the “Company”), each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share (the “Warrants”) — ticker symbol KORE.WS — from the NYSE. Trading in the Company's Warrants will be suspended immediately. Trading in the Company's common stoc.

7 months ago - prnewswire.com

ATLANTA , Nov. 16, 2023 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE, KORE.WS) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that it has completed its previously announced transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital ("Whitehorse") and a $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P.

7 months ago - seekingalpha.com

KORE Group Holdings, Inc. (KORE) Q3 2023 Earnings Call Transcript

8 months ago - prnewswire.com

ATLANTA , Nov. 9, 2023 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE, KORE.WS) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, today reported financial and operational results for the quarter ended September 30, 2023.

8 months ago - prnewswire.com

ATLANTA , Oct. 26, 2023 /PRNewswire/ -- KORE Group Holdings, Inc.  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, announced that on Thursday, November 9, 2023, after the U.S. market close it will release its financial results for the third quarter, which ended September 30, 2023. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m.

10 months ago - prnewswire.com

KORE intends to cure the deficiency and return to compliance with NYSE listing standard ATLANTA , Sept. 6, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) ("KORE"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, announced that on September 5, 2023, it received a notice ("Notice") from the New York Stock Exchange ("NYSE") notifying KORE that it is not in compliance with the NYSE's continued listing standards because as of August 30, 2023, the average closing price of KORE's Common Stock ("Common Stock") was less than $1.00 per share over a consecutive 30 trading-day period.

10 months ago - seekingalpha.com

KORE Group Holdings, Inc. (NYSE:KORE ) Q2 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Charley Brady - Vice President, Investor Relations Romil Bahl - President and Chief Executive Officer Paul Holtz - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Michael Latimore - Northland Capital Markets Scott Searle - ROTH MKM Meta Marshall - Morgan Stanley Matt Niknam - Deutsche Bank Operator Thanks, and welcome to the KORE Group Holdings second quarter earnings conference call. At this time, all participants are in a listen-only mode.

11 months ago - zacks.com

KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.15 per share a year ago.

11 months ago - prnewswire.com

ATLANTA , July 26, 2023 /PRNewswire/ -- KORE Group Holdings, Inc.  (NYSE: KORE, KORE WS) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions, and Analytics, announced that on Wednesday, August 9, 2023, after the U.S. market close it will release its financial results for the second quarter, which ended June 30, 2023. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m.

1 year ago - prnewswire.com

ATLANTA , June 1, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) (NYSE: KOREWS), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, announced today the closing of the acquisition of Twilio's (NYSE: TWLO) IoT business unit. KORE and Twilio previously announced on March 27, 2023, that the two organizations had entered into a definitive agreement for the acquisition.

1 year ago - seekingalpha.com

KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Charley Brady - Vice President-Investor Relations Romil Bahl - President and Chief Executive Officer Paul Holtz - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Lance Vitanza - Cowen Aditya Dagaonkar - Northland Capital Markets Meta Marshall - Morgan Stanley Walter Piecyk - LightShed Operator Greetings, and welcome to the KORE Group Holdings First Quarter 2023 Earnings Call. [Operator Instructions].

1 year ago - zacks.com

KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.20 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.15 per share a year ago.

1 year ago - seekingalpha.com

KORE Group Holdings, Inc. (NYSE:KORE ) Q4 2022 Earnings Conference Call March 27, 2023 5:00 PM ET Company Participants Charley Brady - Vice President-Investor Relations Romil Bahl - President and Chief Executive Officer Paul Holtz - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Aditya Dagaonkar - Northland Capital Scott Searle - Roth Capital Partners Lance Vitanza - Cowen Matthew Niknam - Deutsche Bank Meta Marshall - Morgan Stanley Operator Greetings and welcome to the KORE Group Holdings Fourth Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

1 year ago - zacks.com

KORE Group Holdings, Inc. (KORE) delivered earnings and revenue surprises of -15.38% and 2.70%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - prnewswire.com

KORE and Twilio have signed an agreement for KORE to acquire the IoT unit of Twilio, bringing best-in-class IoT customers and talent to KORE ATLANTA , March 27, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE, KORE WS), a global leader in Internet of Things ("IoT") Solutions and worldwide IoT Connectivity-as-a-Service ("IoT CaaS"), announced today the signing of a definitive agreement to acquire Twilio's IoT business unit as part of a growth strategy to provide customers with a unified, seamless approach to launching IoT solutions as the world's leading pure-play IoT provider. As consideration for the acquisition, Twilio (NYSE:TWLO), the customer engagement platform that drives real-time, personalized experiences for today's leading brands, will receive 10 million shares of KORE common stock, which will represent approximately 11.5% of KORE's issued and outstanding shares.

1 year ago - prnewswire.com

ATLANTA, March 17, 2023 /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, March 27 at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2022. Financial results will be issued in a press release prior to the call. The Company has filed Form 12b-25 with the Securities and Exchange Commission (SEC) to extend the filing deadline for its Form 10-K for fifteen calendar days until Friday, March 31, 2022.