KORE Group Holdings
KORE

$3.32

8.14%

Market Cap: 55.2M

About: Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions). Geographically, the company generates a majority of its revenue from the United States and the rest from other countries.

Employees: 600

Communication Services Communications Services

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

14% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 7

9% more funds holding

Funds holding: 34 [Q4 2023] → 37 (+3) [Q1 2024]

1.18% less ownership

Funds ownership: 24.44% [Q4 2023] → 23.26% (-1.18%) [Q1 2024]

23% less capital invested

Capital invested by funds: $19.6M [Q4 2023] → $15.1M (-$4.51M) [Q1 2024]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 1 (-1) [Q1 2024]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price forecasts over the past 6 months

Low target

$17.50

427%

upside

Avg. target

$17.50

427%

upside

High target

$17.50

427%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Roth MKM

Scott Searle

427%upside

$17.5

Buy

Maintained

12 Apr 2024

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Financial journalist opinion

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KORE Announces Appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer

ATLANTA , July 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, announced that Bruce Gordon has joined as Executive Vice President and Chief Operating Officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles.

KORE Announces Appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer

KORE to Effect a Reverse Stock Split

KORE common stock expected to begin trading on a 1-for-5 split adjusted basis on July 1, 2024 ATLANTA , June 21, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced that its Board of Directors has approved a 1-for-5 reverse stock split of the Company's common stock. The reverse stock split is expected to become effective at 12:01 a.m.

KORE to Effect a Reverse Stock Split

KORE Group Holdings, Inc. (KORE) Q1 2024 Earnings Call Transcript

KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director, Investor Relations Ronald Totton - Interim President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Lance Vitanza - TD Cowen Karan Juvekar - Morgan Stanley Scott Searle - Roth MKM Operator Greetings, and welcome to the KORE Group Holdings' Inc. First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

KORE Group Holdings, Inc. (KORE) Q1 2024 Earnings Call Transcript

KORE Reports First Quarter 2024 Results

ATLANTA , May 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter ended March 31, 2024. Company Highlights First quarter 2024 revenue was $76.0 million, a 15.2% increase over the same period last year.

KORE Reports First Quarter 2024 Results

KORE to Report First Quarter 2024 Results on May 15, 2024

ATLANTA , May 9, 2024 /PRNewswire/ -- KORE Group Holdings, Inc . (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on May 15, 2024, after the U.S. market closes it will release its financial results for the first quarter of 2024.

KORE to Report First Quarter 2024 Results on May 15, 2024

KORE Announces President and CEO Transition

Romil Bahl to step down and Ronald Totton named as Interim President and CEO ATLANTA , April 29, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE," the "Company," "we" or "our"), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that Romil Bahl will be stepping down as President and Chief Executive Officer and that the Company's Board of Directors (the "Board") has named Ronald Totton as the Company's Interim President and Chief Executive Officer, effective May 3, 2024. Romil Bahl has served as KORE's President and CEO since 2017.

KORE Announces President and CEO Transition

KORE Group Holdings, Inc. (KORE) Q4 2023 Earnings Call Transcript

KORE Group Holdings, Inc. (NYSE:KORE ) Q4 2023 Results Conference Call April 11, 2024 8:00 AM ET Company Participants David Freund - Manager, M&A Romil Bahl - President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Scott Searle - Roth MKM Michael Latimore - Northland Capital Markets Mary Lenox - Morgan Stanley Operator Hello, and welcome to the KORE Group Holdings' Fourth Quarter 2023 Earnings Call and Webcast. As a reminder, this conference is being recorded.

KORE Group Holdings, Inc. (KORE) Q4 2023 Earnings Call Transcript

KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity

ATLANTA , April 11, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter and full year ended December 31, 2023. Company Highlights The Company is providing 2024 revenue guidance in the range of $300 to $305 million and Adjusted EBITDA, a non-GAAP metric1, guidance in a range of $64 to $66 million, reflecting a re-acceleration in IoT Connectivity growth.

KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity

KORE to Report Fourth Quarter and Full Year 2023 Results on April 11, 2024

ATLANTA , April 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc . (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on Thursday, April 11, 2024, before the U.S. market open it will release its financial results for the fourth quarter and full year ended December 31, 2023.

KORE to Report Fourth Quarter and Full Year 2023 Results on April 11, 2024

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