{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-009284","form_type":"8-K","ticker":"KORE","cik":"0001855457","company_name":"KORE Group Holdings, Inc.","filed_at":"2023-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.182721+00:00","generated_at":"2026-06-17T15:36:49.910734+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KORE reports Q4 revenue $62.4M, net loss $68.8M; FY23 guidance $300-310M","bullets":["Q4 revenue $62.4M (-3.1% YoY); full-year $268.4M (+8.1% YoY), beating raised guidance of $265-267M.","Net loss $68.8M ($0.90/share) includes ~$57M non-cash goodwill impairment; prior year loss $12.2M.","2023 revenue guidance $300-310M (12-15% YoY growth); adjusted EBITDA $60-62M.","Agreed to acquire Twilio's IoT business for 10M shares of KORE common stock.","Announced multi-year alliance with Google Cloud; introduced OmniSIM SAFE eSIM."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-009284","json":"https://secwatch.observer/filing/0001628280-23-009284.json","markdown":"https://secwatch.observer/filing/0001628280-23-009284.md","text":"https://secwatch.observer/filing/0001628280-23-009284.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023009284/0001628280-23-009284-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023009284/kore-20230327.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T15:36:49.910734+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"24382d8a243e48cd08c9767fa72d60004f68c16e","claim":"KORE Group Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $268.4 million. Guidance initiated.","evidence_excerpt":"Fourth quarter revenue of $62.4 million exceeded our expectations bringing full-year 2022 revenue to $268.4 million, an increase of 8.1% over full-year 2021 and beating our previously upward revised guidance range of $265 to $267 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023009284/0001628280-23-009284-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2022"},{"label":"Revenue","value":"$268.4 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"9c8580697aed94ef68449bfa7309c2fa66dadc2f","claim":"KORE Group Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $62.4 million, net income $68.8 million, EPS $0.90 per share. Guidance initiated.","evidence_excerpt":"Preliminary Financial Performance for Fourth Quarter 2022, Compared to the Same Period of 2021: • Total revenue decreased by 3.1% to $62.4 million, compared to $64.4 million. In Q4 2021, we had LTE transition project revenue of approximately $7.0 million, which, as expected, did not repeat in Q4 2022. Excluding LTE transition project revenue, normalized revenue increased by 10.9%. • IoT Connectivity revenue of $43.7 million increased by 1.0% compared to $43.3 million in the fourth quarter of 2021. • IoT Solutions revenue declined by 11.4% to $18.7 million, compared to $21.1 million a year ago. A difficult year-over-year comparison drove the decline in IoT Solutions. The fourth quarter of 2021 included a significant amount of revenue related to the one-time LTE transition project at our largest customer; this project was completed in the second quarter of 2022. • Net loss increased to $68.8 million, or $0.90 per share, compared to $12.2 million, or $0.17 per share, a year ago.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023009284/0001628280-23-009284-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$62.4 million"},{"label":"Net income","value":"$68.8 million"},{"label":"EPS","value":"$0.90 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}