{"schema_version":"secwatch.filing_event.v1","accession":"0001855457-23-000010","form_type":"8-K","ticker":"KORE","cik":"0001855457","company_name":"KORE Group Holdings, Inc.","filed_at":"2023-08-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.805780+00:00","generated_at":"2026-06-11T23:26:31.218253+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"KORE Q2 revenue $69.5M, net loss $19.5M; maintains FY2023 guidance","bullets":["Revenue $69.5M, down 2% YoY; IoT Connectivity up 8% to $48.3M, IoT Solutions down 19% to $21.3M.","Net loss $19.5M ($0.24/share) vs $10.8M ($0.14/share) a year ago; adjusted EBITDA $14.2M, up 7% sequentially.","Total connections 18.5M as of June 30, including ~2.9M from Twilio IoT acquisition; added ~500K in Q2.","Sales funnel TCV ~$660M, up 32% sequentially; Q2 bookings highest in company history.","Maintains FY2023 revenue guidance $300M-$310M and adjusted EBITDA guidance $60M-$62M."],"urls":{"canonical":"https://secwatch.observer/filing/0001855457-23-000010","json":"https://secwatch.observer/filing/0001855457-23-000010.json","markdown":"https://secwatch.observer/filing/0001855457-23-000010.md","text":"https://secwatch.observer/filing/0001855457-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855457/000185545723000010/0001855457-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855457/000185545723000010/kore-20230809.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T23:26:31.218253+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":"780162053a6fdd2844855782c391b353db31adb8","claim":"KORE Group Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $69.5 million, net income $19.5 million, EPS $0.24 per share. Guidance reaffirmed.","evidence_excerpt":"Financial Performance for Second Quarter 2023, Compared to the Same Period of 2022: • Total revenue decreased by 2% to $69.5 million, compared to $70.9 million in the second quarter of 2022. In Q2 2022, KORE had 2G/3G revenue and LTE transition project revenue from our largest customer, which, as expected, did not repeat in Q2 2023. Excluding the impact of LTE transition project revenue, Non-Core customers 2 , and the Twilio IoT acquisition, second quarter normalized revenue increased by 2% year-over-year. • IoT Connectivity revenue of $48.3 million increased by 8%, compared to $44.7 million in the second quarter of 2022. The second quarter of 2022 included 2G/3G revenue from Non-Core customers, largely offset by revenue from Twilio IoT in the second quarter of 2023. • IoT Solutions revenue declined by 19% to $21.3 million, compared to $26.2 million one year ago, as this segment faced a difficult year-over-year comparison owing to the one-time LTE transition engagement at our largest c","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1855457/000185545723000010/0001855457-23-000010-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$69.5 million"},{"label":"Net income","value":"$19.5 million"},{"label":"EPS","value":"$0.24 per share"},{"label":"Guidance","value":"reaffirmed"},{"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"}