---
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"
generated_at: "2026-06-11T23:26:31.218253+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KORE Q2 revenue $69.5M, net loss $19.5M; maintains FY2023 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001855457-23-000010
- JSON: https://secwatch.observer/filing/0001855457-23-000010.json
- Plain text: https://secwatch.observer/filing/0001855457-23-000010.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended June 30, 2023
  - Revenue: $69.5 million
  - Net income: $19.5 million
  - EPS: $0.24 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1855457/000185545723000010/0001855457-23-000010-index.htm

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