KORE Q3 revenue flat at $68.7M; net loss improves 35%; strategic review launched with Searchlight/Abry

KORE Group Holdings, Inc.

2025-Q3 EPS reported -$2.27 revenue$212,084,000

Revenue $68.7M flat YoY; Net loss -$12.7M (improved 35% from -$19.4M); Adj EBITDA $14.5M (+12% YoY).
Total Connections 20.5M (+9% YoY); IoT Connectivity revenue $56.7M flat, IoT Solutions $11.9M (-2% YoY).
On Nov 4, received letter from Searchlight and Abry to acquire all outstanding shares not already owned; Board formed Special Committee.
Suspended FY2025 guidance due to uncertainty from strategic review; no assurance of any transaction.
Free cash flow improved to -$1.1M (from -$2.2M); cash from operations $1.1M flat YoY.

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