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 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.