{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-016840","form_type":"8-K","ticker":"KORE","cik":"0001855457","company_name":"KORE Group Holdings, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.277575+00:00","generated_at":"2026-06-15T10:07:29.085700+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"KORE Q1 revenue $66.0M beats expectations; reaffirms FY 2023 revenue $300-310M guidance","bullets":["Q1 revenue $66.0M, down 4.4% YoY but up 5.7% sequentially; net loss $18.5M ($0.24/share).","Gross margin expanded 500+ bps to 54.0% from 48.9% YoY; adjusted EBITDA $13.3M, down 12.8% YoY.","Reaffirms FY 2023 revenue $300-310M and adjusted EBITDA $60-62M; expects YoY revenue growth in H2 2023.","IoT Solutions revenue (ex-LTE transition) grew ~35% YoY; IoT Connectivity revenue down 1.3% YoY.","Sales funnel TCV over $500M (+15% seq.); Twilio IoT acquisition on track for June 1 close."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-016840","json":"https://secwatch.observer/filing/0001628280-23-016840.json","markdown":"https://secwatch.observer/filing/0001628280-23-016840.md","text":"https://secwatch.observer/filing/0001628280-23-016840.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023016840/0001628280-23-016840-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023016840/kore-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:07:29.085700+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":"06e55c3761b8dc90d6254e15807152e0c35761ca","claim":"KORE Group Holdings, Inc. reported 2023 results: revenue $300 million to $310 million. Guidance reaffirmed.","evidence_excerpt":"The Company is maintaining its 2023 revenue guidance 2 of a range of $300 million to $310 million and maintaining adjusted EBITDA, a non-GAAP metric 3 , guidance of $60 million to $62 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023016840/0001628280-23-016840-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2023"},{"label":"Revenue","value":"$300 million to $310 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"e0bdf0d746692e4061ba9a0acd9b2059ba689619","claim":"KORE Group Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $66.0 million, net income -$18.5 million, EPS -$0.24.","evidence_excerpt":"Financial Performance for First Quarter 2023, Compared to the Same Period of 2022: • Total revenue decreased by 4.4% to $66.0 million, compared to $69.0 million. In Q1 2022, KORE had a significant amount of 2G/3G revenue and LTE transition project revenue from our largest customer. The LTE project revenue alone was approximately $8.6 million, which, as expected, did not repeat in Q1 2023. Excluding LTE transition project revenue, normalized revenue increased by 9.0%. • IoT Connectivity revenue of $43.5 million declined by 1.3% compared to$44.1 million in the first quarter of 2022, which was the highest Non-Core customer and 2G/3G revenue quarter in 2022, making for a difficult comparison. Excluding Non-Core customers, IoT Connectivity revenue increased 7.0%. • IoT Solutions revenue declined by 9.7% to $22.4 million, compared to$24.8 million one year ago as this segment also faced a difficult year-over-year comparison, owing to the one-time LTE transition engagement at our largest custo","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000162828023016840/0001628280-23-016840-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$66.0 million"},{"label":"Net income","value":"-$18.5 million"},{"label":"EPS","value":"-$0.24"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}