other
confidence high
sentiment negative
materiality 0.70
KORE delays 10-K filing; discovers prior period tax misstatements; revenue/EBITDA unchanged
KORE Group Holdings, Inc.
- KORE delays 2022 10-K filing; expects to file by April 7, 2023.
- Management found misstatements in current/deferred income tax liabilities and benefits in foreign jurisdictions for prior periods.
- Revision of prior financial statements in 10-K, but no changes to previously reported Q4 and full-year 2022 revenue or adjusted EBITDA.
- Delay not due to disagreement with independent registered public accounting firm.