Tomer Yosef-Or resigned as Director at KORE Group Holdings, Inc..
“On August 17, 2023, Tomer Yosef-Or resigned from the Board of Directors of the Company (the “Board”) and all committees of the Board.”
KORE Group Holdings, Inc. — fact timeline
Source-grounded facts extracted from KORE Group Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
KORE Group Holdings, Inc. reported the quarter ended June 30, 2023 results: revenue $69.5 million, net income $19.5 million, EPS $0.24 per share. Guidance reaffirmed.
“Financial Performance for Second Quarter 2023, Compared to the Same Period of 2022: • Total revenue decreased by 2% to $69.5 million, compared to $70.9 million in the second quarter of 2022. In Q2 2022, KORE had 2G/3G revenue and LTE transition project revenue from our largest customer, which, as expected, did not repeat in Q2 2023. Excluding the impact of LTE transition project revenue, Non-Core customers 2 , and the Twilio IoT acquisition, second quarter normalized revenue increased by 2% year-over-year. • IoT Connectivity revenue of $48.3 million increased by 8%, compared to $44.7 million in the second quarter of 2022. The second quarter of 2022 included 2G/3G revenue from Non-Core customers, largely offset by revenue from Twilio IoT in the second quarter of 2023. • IoT Solutions revenue declined by 19% to $21.3 million, compared to $26.2 million one year ago, as this segment faced a difficult year-over-year comparison owing to the one-time LTE transition engagement at our largest c”
KORE Group Holdings, Inc. shareholders approved Ratify BDO USA, LLP as independent registered public accounting firm for fiscal year ending December 31, 2022 at the 2023-06-15 meeting.
“With respect to Proposal 2 (to ratify BDO USA, LLP as the Company’s independent registered public accounting firm for fiscal year ending December 31, 2022), 49,797,312 shares, or 98.88% of the votes cast, voted for the proposal, 559,685 shares voted against the proposal, and 4,793 shares abstained from voting on the proposal.”
KORE Group Holdings, Inc. shareholders approved Election of three Class II directors to serve until the 2026 annual meeting at the 2023-06-15 meeting.
“With respect to Proposal 1 (election of three Class II directors to serve until the annual meeting of stockholders to be held in 2026, or until their successors are elected and qualified), the nominees were elected by the following votes: Director Shares For Shares Against Shares Abstained/ Withheld Broker Non-Votes Michael K. Palmer 42,165,207 5,155,586 18,807 3,022,190 Mark Neporent 41,273,791 6,047,002 18,807 3,022,190 H. Paulett Eberhart 46,546,130 774,663 18,807 3,022,190”
Jason Dietrich was appointed as Executive Vice President & Chief Revenue Officer at KORE Group Holdings, Inc..
“On June 12, 2023, KORE Group Holdings, Inc. (the “Company”) announced that Jason Dietrich was appointed to the newly created role of Executive Vice President & Chief Revenue Officer.”
KORE Group Holdings, Inc. completed an acquisition involving Twilio Inc. (closed 2023-06-01).
“As previously disclosed, on March 26, 2023, KORE Group Holdings, Inc., a Delaware corporation (“ KORE ”), entered into a Purchase Agreement (the “ Purchase Agreement ”) with Twilio Inc. (“ Twilio ”), whereby KORE agreed to purchase, or to cause one or more of its subsidiaries to purchase, subject to the satisfaction or waiver of the conditions set forth therein, the “internet of things” business of Twilio, through the purchase of certain assets, including certain technology and intellectual property rights, and the assumption of certain liabilities, of Twilio and certain of its subsidiaries (the “ Transaction ”).”
KORE Group Holdings, Inc. reported 2023 results: revenue $300 million to $310 million. Guidance reaffirmed.
“The Company is maintaining its 2023 revenue guidance 2 of a range of $300 million to $310 million and maintaining adjusted EBITDA, a non-GAAP metric 3 , guidance of $60 million to $62 million.”
KORE Group Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $66.0 million, net income -$18.5 million, EPS -$0.24.
“Financial Performance for First Quarter 2023, Compared to the Same Period of 2022: • Total revenue decreased by 4.4% to $66.0 million, compared to $69.0 million. In Q1 2022, KORE had a significant amount of 2G/3G revenue and LTE transition project revenue from our largest customer. The LTE project revenue alone was approximately $8.6 million, which, as expected, did not repeat in Q1 2023. Excluding LTE transition project revenue, normalized revenue increased by 9.0%. • IoT Connectivity revenue of $43.5 million declined by 1.3% compared to$44.1 million in the first quarter of 2022, which was the highest Non-Core customer and 2G/3G revenue quarter in 2022, making for a difficult comparison. Excluding Non-Core customers, IoT Connectivity revenue increased 7.0%. • IoT Solutions revenue declined by 9.7% to $22.4 million, compared to$24.8 million one year ago as this segment also faced a difficult year-over-year comparison, owing to the one-time LTE transition engagement at our largest custo”
KORE Group Holdings, Inc. received a nyse deficiency notice notice regarding late filing (rules 802.01E).
“April 3, 2023, the Company received a notice from the New York Stock Exchange (the “NYSE”) indicating that the Company is not in compliance with the NYSE’s continued listing requirements under the timely filing criteria outlined in Section 802.01E of the NYSE Listed Company Manual as a result of the Company’s failure to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 Form 10-K”) with the Securities and Exchange Commission (the “SEC”). The NYSE informed the Company that, under the NYSE’s rules, the Company will have six months from the due date”
KORE Group Holdings, Inc. entered into Purchase Agreement with Twilio Inc. valued at $28 million (effective 2023-03-26).
“KORE agreed to purchase, subject to the satisfaction or waiver of the conditions set forth therein, the “internet of things” business of Twilio (the “Business”), through the purchase of certain assets, including certain technology and intellectual property rights, and the assumption of certain liabilities, of Twilio (the “Transaction”).”
KORE Group Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $268.4 million. Guidance initiated.
“Fourth quarter revenue of $62.4 million exceeded our expectations bringing full-year 2022 revenue to $268.4 million, an increase of 8.1% over full-year 2021 and beating our previously upward revised guidance range of $265 to $267 million.”
KORE Group Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $62.4 million, net income $68.8 million, EPS $0.90 per share. Guidance initiated.
“Preliminary Financial Performance for Fourth Quarter 2022, Compared to the Same Period of 2021: • Total revenue decreased by 3.1% to $62.4 million, compared to $64.4 million. In Q4 2021, we had LTE transition project revenue of approximately $7.0 million, which, as expected, did not repeat in Q4 2022. Excluding LTE transition project revenue, normalized revenue increased by 10.9%. • IoT Connectivity revenue of $43.7 million increased by 1.0% compared to $43.3 million in the fourth quarter of 2021. • IoT Solutions revenue declined by 11.4% to $18.7 million, compared to $21.1 million a year ago. A difficult year-over-year comparison drove the decline in IoT Solutions. The fourth quarter of 2021 included a significant amount of revenue related to the one-time LTE transition project at our largest customer; this project was completed in the second quarter of 2022. • Net loss increased to $68.8 million, or $0.90 per share, compared to $12.2 million, or $0.17 per share, a year ago.”
R. Michael Thurston resigned as Senior Vice President, Corporate Controller at KORE Group Holdings, Inc..
“On January 8, 2023, R. Michael Thurston informed the Company that he will resign as the Company’s Senior Vice President, Corporate Controller effective January 20, 2023.”
KORE Group Holdings, Inc. reported the quarter ended September 30, 2022 results: revenue $66.6 million, net income $13.0 million, EPS $0.17 per share. Guidance raised.
“(“CaaS”), today reported financial and operational results for the quarter ended September 30, 2022. KORE: Company Highlights • Third quarter revenue of $66.6 million exceeded our expectations bringing year-to-date revenue to $205.9 million, an increase of 12% over the first nine months of 2021 • The Company is increasing its 2022 revenue”
James Geisler was appointed as Director at KORE Group Holdings, Inc..
“(ii) James Geisler to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2022.”
H. Paulett Eberhart was appointed as Director at KORE Group Holdings, Inc..
“effective February 16, 2022, the Board appointed each of (i) H. Paulett Eberhart to serve as a Director of the Company until the Annual Meeting of Stockholders of the Company in 2023”
Mark Neporent was appointed as Director at KORE Group Holdings, Inc..
“the Board appointed Mark Neporent to serve as a Director of the Company, to serve until the Annual Meeting of Stockholders of the Company in 2023, effective February 16, 2023.”
Chan W. Galbato resigned as Director at KORE Group Holdings, Inc..
“On February 16, 2022, Chan W. Galbato resigned from the Board of Directors of the Company (the “Board”) and all committees of the Board.”
Puneet Pamnani departed as Chief Financial Officer at KORE Group Holdings, Inc..
“Puneet Pamnani stepped down from his role as the Company’s Chief Financial Officer, effective November 23, 2021 (the “Transition Date”), and is expected to depart from the Company on February 28, 2022.”
Jack W. Kennedy Jr. was appointed as Executive Vice President, Chief Legal Officer and Secretary at KORE Group Holdings, Inc..
“On December 14, 2021, the Board voted to appoint Jack W. Kennedy Jr., age 46, as the Company’s Executive Vice President, Chief Legal Officer and Secretary.”
Tushar K. Sachdev was appointed as Executive Vice President and Chief Technology Officer at KORE Group Holdings, Inc..
“On December 14, 2021, the Board voted to appoint Tushar K. Sachdev, age 48, as the Company’s Executive Vice President and Chief Technology Officer.”
Louise P. Winstone was appointed as Executive Vice President and Chief Human Resources Officer at KORE Group Holdings, Inc..
“On December 14, 2021, the Board of Directors of the Company (the “Board”) voted to appoint Louise P. Winstone, age 43, as the Company’s Executive Vice President and Chief Human Resources Officer.”
Paul Holtz was named as interim Chief Financial Officer at KORE Group Holdings, Inc..
“Effective November 22, 2021, Paul Holtz, the Company’s SVP of Corporate Performance, Planning and Analytics, has been named as interim Chief Financial Officer”
Puneet Pamnani departed as Chief Financial Officer at KORE Group Holdings, Inc..
“Puneet Pamnani has stepped down from his role as the Company’s Chief Financial Officer”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.