KORE corrects FY2022 revenue, Q4 2023 Adj. EBITDA; guides FY2024 revenue $300-305M

KORE Group Holdings, Inc.

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

Corrected FY2022 revenue and Q4 2023 Adjusted EBITDA due to clerical errors; no other changes.
Q4 2023 revenue $72.4M (+16% YoY); net loss $33.7M (improved 52%); Adj. EBITDA $13.8M (-12%).
FY2024 revenue guidance $300-305M; Adj. EBITDA guidance $64-66M; IoT Connectivity expected to grow 20%.
Closed-won TCV for FY2023 $115M; first major Connected Health win of $26M TCV in Q1 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KORE Group Holdings, Inc. updated its quarter and year ended December 31, 2023 guidance (initiated).

Period: quarter and year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On April 12, 2024, the Company issued a press release disclosing its financial results for the quarter and year ended December 31, 2023.

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KORE Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001855457-24-000012

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