secwatch.observer — SEC 8-K summary
======================================

Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001628280-22-029817
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORE Q3 2022 revenue $66.6M (-1.8% YoY); raises FY revenue guidance to $265-267M
--------------------------------------------------------------------------------

- Q3 revenue $66.6M (down 1.8% YoY); net loss $13.0M ($0.17/share) vs $4.5M loss in Q3 2021.
- IoT Connectivity revenue $43.4M (+4.4% YoY); IoT Solutions $23.3M (-11.7% YoY) due to completed LTE project.
- FY2022 revenue guidance raised to $265-267M; adjusted EBITDA guidance maintained at $63-64M.
- Cash from operations $9.8M in Q3; YTD $20.5M. Sales funnel TCV >$400M with 1,300+ opportunities.
- Strategic alliance with Ericsson to serve 8,500+ enterprise customers in the U.S.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000162828022029817/0001628280-22-029817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000162828022029817/kore-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029817

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer