---
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"
generated_at: "2026-06-17T15:36:49.910734+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KORE reports Q4 revenue $62.4M, net loss $68.8M; FY23 guidance $300-310M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-009284
- JSON: https://secwatch.observer/filing/0001628280-23-009284.json
- Plain text: https://secwatch.observer/filing/0001628280-23-009284.txt

## Key facts
- Earnings Releases
  KORE Group Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $268.4 million. Guidance initiated.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $268.4 million
  - Guidance: initiated
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855457/000162828023009284/0001628280-23-009284-index.htm
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $62.4 million
  - Net income: $68.8 million
  - EPS: $0.90 per share
  - Guidance: initiated
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855457/000162828023009284/0001628280-23-009284-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.