分组1 - KORE Group Holdings, Inc. reported a quarterly loss of $0.45 per share, which aligns with the Zacks Consensus Estimate, showing improvement from a loss of $1 per share a year ago [1] - Cerberus Telecom Acquisition posted revenues of $68.69 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 5.51%, and down from $68.92 million year-over-year [2] - Cerberus Telecom Acquisition shares have increased approximately 31.7% year-to-date, outperforming the S&P 500's gain of 16.4% [3] 分组2 - The earnings outlook for Cerberus Telecom Acquisition is crucial for investors, as it includes current consensus earnings expectations and recent changes in these expectations [4] - The estimate revisions trend for Cerberus Telecom Acquisition was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The current consensus EPS estimate for the upcoming quarter is -$0.37 on revenues of $76.8 million, and -$1.95 on revenues of $293 million for the current fiscal year [7] 分组3 - The Internet - Software industry, where Cerberus Telecom Acquisition operates, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Elastic, another company in the same industry, is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year change of -1.7%, with revenues anticipated to be $418.13 million, up 14.4% from the previous year [9][10]

Core Points - The KORE Group Holdings, Inc. is conducting its Third Quarter 2025 Earnings Call, with a focus on discussing the company's financial results and performance [1][2]. Group 1: Earnings Call Overview - The call is led by Vik Vijayvergiya, Vice President of Investor Relations and Corporate Development, who encourages participants to follow along with the earnings presentation and press release [2]. - The company has made available a recording of the call on its Investor Relations page for future reference [2]. Group 2: Financial Information - The company will discuss non-GAAP financial information during the call, which serves as a supplement to the GAAP metrics [4]. - A reconciliation of non-GAAP metrics to GAAP reported figures is provided for clarity [4].

Financial Data and Key Metrics Changes - The company's revenue for Q3 2025 was $68.7 million, remaining flat year over year [11] - Adjusted EBITDA increased by 12%, or $1.5 million, to $14.5 million compared to Q3 2024 [4][12] - Net loss improved to $12.7 million from $19.4 million in the prior year, aided by a tax benefit from recent U.S. legislation [13][14] - Cash generated from operations was $1.1 million, while free cash flow improved by $1.1 million to negative $1.1 million [5][14] Business Line Data and Key Metrics Changes - IoT connectivity revenue was flat at $56.7 million, with a sequential growth of 1.7% over Q2 2025 [11] - IoT solutions revenue decreased slightly to $11.9 million, primarily due to timing of customer orders [11] - Average revenue per user per month (ARPU) decreased to $0.94 from $1.01 in Q3 2024, attributed to new connections from lower ARPU use cases [12] Market Data and Key Metrics Changes - Total connections grew by 9% year over year, surpassing 20.5 million [7] - The company secured $11.3 million in new and expansion EARR, indicating strong sales momentum [6][8] Company Strategy and Development Direction - The company is focused on a five-pillar value creation plan aimed at profitable growth [5] - Recent product innovations include the launch of KORE One, a unified customer platform, and a new connectivity offering [6] - The company is executing a facility rationalization plan and deploying AI tools to enhance productivity [7] Management's Comments on Operating Environment and Future Outlook - Management emphasized the ongoing transformation of the company, highlighting improved profitability and operational discipline [14] - The company has suspended guidance for the remainder of fiscal year 2025 due to ongoing discussions regarding a potential acquisition [15] Other Important Information - The company received a letter from existing investors expressing interest in acquiring all common stock not already held by them [15] - A special committee has been formed to review and negotiate potential strategic transactions [15] Q&A Session Summary - No specific questions and answers were provided in the content, thus this section is not applicable.

T h i r d Q u a r t e r 2 0 2 5 E a r n i n g s P r e s e n t a t i o n November 12, 2025 Di scl aime rs Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. KORE's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statement ...

Accessibility StatementSkip Navigation Growth in Adjusted EBITDA, Connections and Free Cash Flow and an improvement in Net Loss ATLANTA, Nov. 12, 2025 /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 year-to-date period ended September 30, 2025. Third Quarter 2025 Company Highlights "We del ...

Financial Performance - Total Revenue for Q3 2025 was $68.7 million, roughly flat compared to $68.9 million in Q3 2024[5] - Adjusted EBITDA rose to $14.5 million, an increase of 12% from $12.986 million in Q3 2024[5][24] - Net Loss improved to $12.7 million, a reduction of $6.7 million or 35% from the previous year[5] - Free Cash Flow increased to negative $1.1 million, an improvement of $1.1 million from the same period last year[5] - Overall gross profit margin for the company was 37.8% for Q3 2025, compared to 35.4% in Q3 2024[28] - Non-GAAP profit margin for the overall business was 55.2% for the three months ended September 30, 2025, compared to 56.7% in the same period of 2024[28] Connectivity Metrics - Total Connections increased to 20.5 million, up 9% from 18.8 million in the same period last year[5] - IoT Connectivity revenue accounted for 79% of total revenue for the nine months ended September 30, 2025, totaling $166.7 million[6] - The average total connections for the nine months ended September 30, 2025, was 20.1 million, compared to 18.4 million in the same period last year[6] Revenue Breakdown - IoT Connectivity revenue for the three months ended September 30, 2025, was $56,747,000, slightly up from $56,721,000 in 2024[28] - IoT Solutions revenue for the three months ended September 30, 2025, was $11,945,000, down from $12,199,000 in 2024[28] Profitability Metrics - Gross profit margin for IoT Connectivity increased to 40.9% in Q3 2025 from 39.0% in Q3 2024[28] - Non-GAAP profit margin for IoT Connectivity was 59.6% for the three months ended September 30, 2025, compared to 60.9% in the same period of 2024[28] - Total gross profit for the nine months ended September 30, 2025, was $76,962,000, down from $79,836,000 in 2024[28] Strategic Initiatives - The company is suspending guidance for the remainder of Fiscal Year 2025 due to ongoing strategic review discussions with potential acquirers[7][8] - The company is actively evaluating a potential strategic transaction with Searchlight Capital Partners and Abry Partners[7] Cash Flow - For the three months ended September 30, 2025, net cash provided by operating activities was $1,063,000, compared to $1,176,000 in the same period of 2024[26] - For the nine months ended September 30, 2025, net cash provided by operating activities was $8,038,000, compared to $7,066,000 in 2024[26] - Free cash flow for the three months ended September 30, 2025, was $(1,130,000), a decrease from $(2,217,000) in the same period of 2024[26]

Revenue Performance - Total revenue for the three months ended September 30, 2025, was $68.692 million, a slight decrease of $228 thousand or less than 1% compared to $68.920 million in the same period of 2024[113] - Services revenue decreased by approximately $1.136 million for the three months ended September 30, 2025, primarily due to the sale of certain intangible assets[113] - Products revenue increased by approximately $0.908 million for the three months ended September 30, 2025, driven by additional volume from key customers and SIM shipments[114] - For the nine months ended September 30, 2025, total revenue was $212.084 million, a decrease of $679 thousand or less than 1% compared to $212.763 million in 2024[110] - Services revenue for the nine months ended September 30, 2025, decreased by approximately $6.315 million, primarily due to the sale of certain intangible assets and a decrease in revenue from CEaaS[115] - Products revenue increased by approximately $5.636 million for the nine months ended September 30, 2025, primarily driven by additional volume from key customers[116] - IoT Connectivity revenue for the three months ended September 30, 2025, was $56.747 million, relatively flat compared to $56.721 million in 2024[116] - IoT Solutions revenue decreased by approximately $0.254 million for the three months ended September 30, 2025, primarily due to the sale of certain intangible assets[119] Cost and Expenses - For the three months ended September 30, 2025, the total cost of revenue was $30,743, a slight increase of $24 compared to $30,719 in 2024, with a year-over-year change of 0%[123] - The cost of services decreased by approximately $0.4 million (2%) for the three months ended September 30, 2025, primarily due to reduced labor costs[124] - The cost of products increased by approximately $0.4 million (5%) for the three months ended September 30, 2025, driven by increased hardware sales to key customers[124] - Selling, general, and administrative (SG&A) expenses for the three months ended September 30, 2025, were $28,457, a decrease of $1,001 (3%) compared to $29,458 in 2024[131] Profitability Metrics - EBITDA for the three months ended September 30, 2025, was $9,786, an increase from $7,453 in 2024[143] - Adjusted EBITDA for the three months ended September 30, 2025, was $14,530, compared to $12,986 in 2024, reflecting an increase of $1,544[143] - Overall gross profit margin for the nine months ended September 30, 2025, was 36.3%, a decrease from 37.5% in 2024, while Non-GAAP profit margin was 55.5%, slightly down from 56.2%[148] - Services revenue for the three months ended September 30, 2025, was $57,068,000, a decrease from $58,204,000 in 2024, with a gross profit margin of 41.8% compared to 39.2% in the previous year[148] - Products revenue increased to $11,624,000 in the three months ended September 30, 2025, from $10,716,000 in 2024, with a gross profit margin of 18.2%, up from 15.0%[148] - IoT Connectivity revenue for the three months ended September 30, 2025, was $56,747,000, slightly up from $56,721,000 in 2024, with a gross profit margin of 40.9% compared to 39.0%[152] - IoT Solutions revenue decreased to $11,945,000 in the three months ended September 30, 2025, from $12,199,000 in 2024, but gross profit margin improved to 22.9% from 18.8%[152] - Non-GAAP profit for services was $34,467,000 with a Non-GAAP margin of 60.4% for the three months ended September 30, 2025, compared to $35,253,000 and 60.6% in 2024[148] Tax and Income - The company recorded an income tax recovery of $3.6 million due to the impact of the One Big Beautiful Bill Act signed into law on July 4, 2025[105] - The income tax benefit for the three months ended September 30, 2025, was $(4,589), an increase of $4,177 (1,014%) compared to $(412) in 2024[136] - The effective tax rate for the three months ended September 30, 2025, was 26.5%, an increase of approximately 24% compared to 2.1% in 2024[136] - The company recorded a decrease in the valuation allowance of $3.6 million during the three months ended September 30, 2025, due to the enactment of the OBBBA[139] Cash Flow and Liquidity - Net cash provided by operating activities increased to $8,038,000 in 2025 from $7,066,000 in 2024, resulting in a free cash flow of $1,053,000 compared to a negative $5,111,000 in the previous year[145] - Cash provided by operating activities for the nine months ended September 30, 2025, increased to $8.038 million from $7.066 million in 2024, primarily due to a lower net loss and improved timing of receipts and payments[195] - Cash used in investing activities decreased to $6.985 million in 2025 from $12.177 million in 2024, mainly due to lower additions to intangible assets[196] - Cash used in financing activities decreased to $1.608 million in 2025 from $3.386 million in 2024, primarily due to lower scheduled principal payments on the Term Loan and reduced share repurchases[197] - As of September 30, 2025, the company had approximately $19.3 million in cash on hand and $25.0 million available on the revolving credit facility[200] - KORE's liquidity requirements are primarily met through non-operational sources, with uncertainty regarding long-term liquidity needs beyond one year[175] Debt and Financing - Total long-term debt as of September 30, 2025, was $295.325 million, slightly down from $295.661 million as of December 31, 2024[176] - The Company has a senior secured term loan of $185 million and a revolving credit facility of $25 million, with a maturity date of November 15, 2028[177] - The Series A-1 preferred stock has a liquidation preference of $1,000 per share and accrues dividends at a rate of 13% per year, compounded and payable quarterly[187] - The Total Net Leverage Ratio is set at 6.25:1.00 for quarterly periods ended March 31, 2024, and June 30, 2024, reducing to 5.25:1.00 for periods ending December 31, 2025, and thereafter[182] - The Backstop Notes, totaling $120 million, bear interest at a rate of 5.50% per annum and are due September 30, 2028[183] Operational Changes and Future Outlook - The company plans to exit two facilities in Q4 2025 as part of its restructuring efforts to focus on core service offerings[106] - The company has discontinued the use of Total Contract Value (TCV) as a key operational metric effective beginning in fiscal year 2025[169] - As of September 30, 2025, the sales funnel included 1,047 opportunities with an estimated Annual Recurring Revenue (eARR) of approximately $80 million[168] - Average Revenue per User (ARPU) was $0.94 for the three months ended September 30, 2025, down from $1.01 for the same period in 2024[172] - The company does not plan to issue any Inducement Awards in the future[193] - The company’s critical accounting policies and estimates have not materially changed since December 31, 2024[201] - The company expects quarter-to-quarter GAAP earnings volatility due to various factors, including changes in impairment assessments regarding goodwill[202] Customer Metrics - Total Number of Connections reached 20.5 million as of September 30, 2025, up from 19.7 million at the end of 2024, with Average Connections Count for the three months ended September 30, 2025, at 20.4 million compared to 18.6 million in 2024[160] - KORE's DBNER was 98% for the twelve months ended September 30, 2025, compared to 95% for the twelve months ended September 30, 2024[166] - Dollar-Based Net Expansion Rate (DBNER) reflects the growth from existing customers, indicating effective cross-sales and retention strategies[161]

Accessibility StatementSkip Navigation ATLANTA, Nov. 4, 2025 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company")), the global pure-play Internet of Things ("IoT") hyperscaler and leading provider of IoT Connectivity, Solutions, and Analytics, today announced that a Special Committee (the "Committee") of the Board of Directors (the "Board") of the Company received a non-binding letter (the "Letter") from Searchlight Capital Partners, L.P., on behalf of its affiliated investment ...

Core Insights - KORE Group Holdings, Inc. will release its financial results for the third quarter of 2025 on November 12, 2025, after the U.S. market closes [1] - A live webcast and Q&A session will be held on the same day at 5:00 p.m. Eastern time to discuss the financial results [1] Company Overview - KORE is recognized as a pioneer and leader in delivering mission-critical IoT solutions and services, aimed at simplifying the complexity of IoT for organizations of all sizes [2] - The company emphasizes its deep IoT knowledge, global reach, purpose-built solutions, and deployment agility, which significantly impact customers' business outcomes [2]

Core Viewpoint - KORE Mining Ltd. is initiating a non-brokered private placement to raise up to C$4 million through the issuance of units priced at C$0.12 each, aimed at advancing its development properties and for general corporate purposes [1][2][4]. Group 1: Private Placement Details - The company plans to issue up to 33,333,333 units, each consisting of one common share and one transferable common share purchase warrant [2]. - Each warrant allows the holder to acquire an additional common share at a price of C$0.16 for a period of 36 months from issuance [2]. - The offering is expected to close in early November, subject to necessary approvals, including from the TSX Venture Exchange [3]. Group 2: Use of Proceeds - Net proceeds from the private placement will be allocated to advance permitting and exploration of wholly owned development properties in California, as well as for working capital and general corporate purposes [4]. Group 3: Regulatory and Insider Participation - All securities issued will be subject to a statutory hold period of four months and one day from the closing date [5]. - Insiders may participate in the offering, which would be considered a related party transaction, but is expected to be exempt from formal valuation and minority shareholder approval requirements [6]. Group 4: Management Changes - Mr. Jay Sujir has resigned from the Board of Directors effective October 17, 2025, but will continue to serve in an advisory capacity [9]. - The Board expresses gratitude for Mr. Sujir's contributions during his nearly four years of service [9]. Group 5: Company Overview - KORE Mining focuses on responsibly creating value from its gold assets in California, advancing the Imperial project towards development while exploring district-scale gold assets [9].