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KORE to Report Third Quarter 2024 Results on November 13, 2024
Prnewswire· 2024-10-31 12:00
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 will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss t ...
KORE Receives Continued Listing Standard Notice from NYSE
Prnewswire· 2024-09-16 12:52
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. ...
Compared to Estimates, Cerberus Telecom Acquisition (KORE) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-15 15:01
For the quarter ended June 2024, KORE Group Holdings, Inc. (KORE) reported revenue of $67.87 million, down 2.4% over the same period last year. EPS came in at -$0.99, compared to -$1.20 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $73.37 million, representing a surprise of -7.50%. The company delivered an EPS surprise of -45.59%, with the consensus EPS estimate being -$0.68. While investors closely watch year-over-year changes in headline numbers -- revenue and e ...
KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-15 14:47
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -45.59%. A quarter ago, it was expected that this company would post a loss of $0.40 per share when it actually produced a loss of $0.70, delivering a surprise of -75%. Over the last four quarters, the company h ...
KORE(KORE) - 2024 Q2 - Earnings Call Transcript
2024-08-15 14:09
KORE Group Holdings, Inc. (NYSE:KORE) Q2 2024 Earnings Conference Call August 15, 2024 8:30 AM ET Company Participants Vik Vijayvergiya - Director of Investor Relations Ron Totton - President and Chief Executive Officer Paul Holtz - Chief Financial Officer Conference Call Participants Lance Vitanza - TD Cowen Scott Searle - Roth Capital Partners Michael Allen - Deutsche Bank Aditya Dagaonkar - Northland Capital Operator Greetings, and welcome to the KORE Group Holdings' Inc. Second Quarter 2024 Earnings Con ...
KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth
Prnewswire· 2024-08-15 11:30
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 ...
KORE(KORE) - 2024 Q2 - Quarterly Results
2024-08-15 10:17
EXHIBIT 10.1 EXECUTIVE EMPLOYMENT AGREEMENT THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made as of August 14, 2024 (the "Effective Date"), by and among KORE Group Holdings, Inc. (the "Company"), KORE Wireless Group Inc. ("KORE") and Ronald Totton (the "Executive"). Certain capitalized terms used in this Agreement are defined in Section 10. WHEREAS, on April 29, 2024, the Company and the Executive entered into that certain Letter Agreement whereby the Executive was employed by the Company as th ...
KORE(KORE) - 2024 Q2 - Quarterly Report
2024-08-14 20:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________ FORM 10-Q _____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-40856 _____________________________ KORE Group Holdings, Inc. (Exact name of registrant as specified in ...
KORE to Report Second Quarter 2024 Results on August 15, 2024
Prnewswire· 2024-08-07 15:40
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 will host a live webcast, followed by a question-andanswer period the same day at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss the finan ...
KORE Announces Appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer
Prnewswire· 2024-07-08 12:00
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. In connection with his employment, the Company made a grant to Gordon of an aggregate of 100,000 restricted stock units ("RSUs"), where each RSU represents the right to receive one sh ...