earnings
confidence high
sentiment neutral
materiality 0.65
KORE Q1 revenue down 5% YoY to $72.1M; connections up 8% to 19.8M, FCF positive $0.6M
KORE Group Holdings, Inc.
2025-Q1 EPS reported
-$0.77
revenue$72,142,000
- Revenue $72.1M (-5% YoY); IoT Connectivity $53.9M (-7%), IoT Solutions $18.2M (+1%).
- Total connections 19.8M (+8% YoY); ARPU $0.91 (down from $1.05).
- Operating expenses $41.6M (-15% YoY); cash from ops $2.9M (+51%), FCF $0.6M (+121%).
- FY2025 guidance reaffirmed: revenue $288-298M, Adj EBITDA $62-67M, FCF $10-14M.
- IoT Solutions Margin 33% (+210 bps); Non-GAAP Margin 39.9% (+370 bps).