secwatch.observer — SEC 8-K summary
======================================

Issuer:     KORE Group Holdings, Inc. (KORE)
CIK:        0001855457
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001855457-24-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KORE Q1 revenue up 15.2% to $76.0M; net loss narrows; reaffirms FY guidance
---------------------------------------------------------------------------

- Revenue $76.0M (+15.2% YoY); IoT Connectivity $57.9M (+33% YoY, organic +11%).
- Net loss $17.6M vs. $18.5M a year ago; Adjusted EBITDA $14.8M (+10.7% YoY).
- Closed-won TCV $52M (incl. $26M Connected Health contract), up from $28M last year.
- Reaffirms FY2024 revenue guidance $300M-$305M and Adjusted EBITDA $64M-$66M.
- IoT Solutions revenue $18.1M, -19% YoY due to timing and shift from low-margin hardware.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000046/0001855457-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855457/000185545724000046/kore-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001855457-24-000046

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