secwatch.observer — SEC 8-K summary
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Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K/A
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001855457-24-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000012/0001855457-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000012/kore-20240405.htm
  HTML page:      https://secwatch.observer/filing/0001855457-24-000012

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