KORE Group Holdings
KORE
Market cap $36.2M

2.00 USD

+0.12

6.38%

At close Nov 15, 4:00 PM EST

1 day

6.38%

5 days

-1.96%

1 month

-4.76%

3 months

-27.01%

6 months

-47.37%

Year to date

-51.22%

1 year

-9.09%

5 years

-94.43%

10 years

-94.43%

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 6,704 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

23.37% more ownership

Funds ownership: 16.98% [Q2] → 40.35% (+23.37%) [Q3]

28% less funds holding

Funds holding: 29 [Q2] → 21 (-8) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

58% less capital invested

Capital invested by funds: $23M [Q2] → $9.56M (-$13.4M) [Q3]

67% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 12

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 16

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$2

0%

upside

Avg. target

$2

0%

upside

High target

$2

0%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

TD Cowen

Colby Synesael

25% 1-year accuracy

1 / 4 met price target

0%upside

$2

Hold

Downgraded

23 Aug 2024

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Financial journalist opinion

KORE Reschedules Third Quarter 2024 Financial Results and Live Webcast

Company to restate Second Quarter 2024 Financial Statements No impact to Revenues, Cash Flows or Adjusted EBITDA expected for the period affected ATLANTA , Nov. 12, 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 it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's financial results for the third quarter of 2024 and live webcast to discuss those results from previously scheduled November 13, 2024 at 5PM ET to November 19, 2024 at the same time. The Company's management, in consultation with the Audit Committee of the Company's Board of Directors and in consultation with BDO USA, P.C.

KORE Reschedules Third Quarter 2024 Financial Results and Live Webcast

KORE to Report Third Quarter 2024 Results on November 13, 2024

ATLANTA , Oct. 31, 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 November 13, 2024, following the U.S. market closing it will release its financial results for the third quarter of 2024.

KORE to Report Third Quarter 2024 Results on November 13, 2024

KORE Receives Continued Listing Standard Notice from NYSE

KORE intends to cure the deficiency and return to compliance with NYSE listing standard ATLANTA , Sept. 16, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), a global leader in Internet of Things ("IoT") solutions and pioneering IoT hyperscaler, announced that on September 12, 2024, it received a notice ("Notice") from the New York Stock Exchange ("NYSE") notifying KORE that that it is not in compliance with Section 802.01B of the NYSE's Listed Company Manual ("Rule 802.01B") because KORE's average global market capitalization over a consecutive 30 trading-day period was less than $50 million, and, at the same time, its stockholders' equity was less than $50 million.

KORE Receives Continued Listing Standard Notice from NYSE

Zacks Investment Research

Compared to Estimates, Cerberus Telecom Acquisition (KORE) Q2 Earnings: A Look at Key Metrics

The headline numbers for Cerberus Telecom Acquisition (KORE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Cerberus Telecom Acquisition (KORE) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates

KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $1.20 per share a year ago.

KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates

KORE Group Holdings, Inc. (KORE) Q2 2024 Earnings Call Transcript

KORE Group Holdings, Inc. (KORE) Q2 2024 Earnings Call Transcript

KORE Group Holdings, Inc. (KORE) Q2 2024 Earnings Call Transcript

KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth

Ron Totton appointed President and CEO and to the KORE Board of Directors Restructuring estimated to generate gross cash savings of $5 million to $6 million in 2024 with a $4 million to $5 million one-time severance charge and $20 million to $22 million gross cash savings annually thereafter 2024 guidance updated ATLANTA , Aug. 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 three and six months ended June 30, 2024. Q2 Highlights Second quarter 2024 revenue was $67.9 million, a 2% decrease from $69.5 million in the same period last year.

KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth

KORE to Report Second Quarter 2024 Results on August 15, 2024

ATLANTA , Aug. 7, 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 August 15, 2024, before the U.S. market opens it will release its financial results for the second quarter of 2024.

KORE to Report Second Quarter 2024 Results on August 15, 2024

Top 4 Tech And Telecom Stocks That May Rocket Higher In July

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. `

Top 4 Tech And Telecom Stocks That May Rocket Higher In July

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

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