earnings
confidence high
sentiment neutral
materiality 0.65
KORE posts Q1 2025 revenue down 5% YoY, FCF positive; guides FY2025 EBITDA up ~19%
KORE Group Holdings, Inc.
2025-Q1 EPS reported
-$0.77
revenue$72,142,000
- Q1 revenue $72.1M (-5.1% YoY); connectivity $53.9M (-6.9%), solutions $18.2M (+0.7%).
- Net loss improved to $14.9M from $17.6M; Adj. EBITDA $14.5M (20% margin), essentially flat.
- Free cash flow positive $0.6M vs -$2.8M; operating cash flow $2.9M, up from $1.9M.
- FY2025 guidance: revenue $288-298M, Adj. EBITDA $62-67M, FCF $10-14M (midpoints +2%, +19%, +443% YoY).
- Completed restructuring with 25% headcount cut, targeting $20-22M annual savings; one-time cost $5-6M.
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