earnings
confidence high
sentiment positive
materiality 0.70
KORE FY2024 rev $286.1M (+3.4%); IoT Connectivity up 12%; guided FY2025 rev $288-298M
KORE Group Holdings, Inc.
2025-Q1 EPS reported
-$0.77
revenue$72,142,000
- FY2024 revenue $286.1M (+3.4% YoY); IoT Connectivity $226.9M (+12% YoY); IoT Solutions $59.2M (-20% YoY).
- Net loss improved to $146.1M from $167.0M; Adj EBITDA $53.1M (down from $55.6M).
- Total connections 19.7M (+1.2M YoY); Q4 closed-won TCV $29.3M.
- FY2025 guidance: rev $288-298M; Adj EBITDA $62-67M; FCF $10-14M.
- Cash from ops $9.9M (+$16.3M YoY); Q4 FCF $1.6M vs -$15.5M.