earnings
confidence high
sentiment neutral
materiality 0.65
KORE Q3 revenue up 0.4% to $68.9M; net loss narrows 80%; guidance tightened
KORE Group Holdings, Inc.
2024-Q3 EPS reported
-$6.28
revenue$212,763,000
- Q3 revenue $68.9M, up 0.4% YoY; IoT Connectivity grew 3% to $56.7M, Solutions down 9% to $12.2M.
- Net loss $19.4M, improved from $95.4M loss a year ago (prior year goodwill impairment).
- Adjusted EBITDA $13.0M, down 8% YoY; closed-won TCV $32M, +19% YoY.
- Completed restructuring plan; connections 18.8M, ARPU $1.01.
- FY2024 guidance tightened: revenue $280-285M, Adjusted EBITDA $54-55M.