KORE Q4 revenue $72.4M, net loss $33.7M; guides 2024 rev $300-305M, Adj EBITDA $64-66M

KORE Group Holdings, Inc.

2024-Q1 EPS reported -$0.19 revenue$75,975,000

Q4 revenue $72.4M (+16% YoY); net loss $33.7M (improved 52% YoY).
2024 revenue guidance $300-305M; Adj EBITDA $64-66M (33% YoY growth at midpoint).
IoT Connectivity revenue grew 27% in Q4; full-year closed-won TCV of $115M.
Landed first major Connected Health deal with $26M TCV for respiratory therapy program.
CTO Tushar Sachdev resigns effective April 30, 2024; duties reassigned internally.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Tushar Sachdev

Executive Vice President and Chief Technology Officer

KORE · KORE Group Holdings, Inc.

Effective: 2024-04-30
Filed: April 11, 2024, 7:59 PM ET

On April 5, 2024, Tushar Sachdev, Executive Vice President and Chief Technology Officer of the Company, notified the Company of his resignation, effective April 30, 2024, to pursue another opportunity.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.71

KORE Group Holdings, Inc. updated its the fiscal year and fourth quarter ended December 31, 2023 guidance (reaffirmed).

Period: the fiscal year and fourth quarter ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On April 11, 2024, KORE Group Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal year and fourth quarter ended December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tushar Sachdev resigned as Executive Vice President and Chief Technology Officer at KORE Group Holdings, Inc..

Action: resigned
Role: Executive Vice President and Chief Technology Officer

Exact text from the filing

On April 5, 2024, Tushar Sachdev, Executive Vice President and Chief Technology Officer of the Company, notified the Company of his resignation, effective April 30, 2024, to pursue another opportunity.

View on SEC.gov

321 earnings releases filed in the last 30 days. Browse all earnings releases →

KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

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