secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001855457-23-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000010/0001855457-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545723000010/kore-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001855457-23-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer