F o u r t h Q u a r t e r 2 0 2 4 E a r n i n g s P r e s e n t a t i o n April 30, 2025 1 Disclaimers 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 statements ...

Core Insights - KORE Group Holdings, Inc. reported significant financial improvements in 2024, driven by a focus on customer intimacy, operational excellence, and profitable growth [3][4] - The company added 1.2 million IoT connections in 2024, reaching a total of 19.7 million connections by year-end [4][11] - KORE's revenue for the full year was $286.1 million, a 3.4% increase from $276.6 million in 2023, primarily due to a $24.5 million increase in IoT Connectivity revenue [9][10] Financial Performance - Fourth quarter revenue was $73.3 million, up 1.1% from $72.5 million in the same quarter of 2023, with IoT Connectivity revenue increasing to $56.5 million [10] - For the full year, IoT Connectivity revenue reached $226.9 million, a 12% increase year-over-year, while IoT Solutions revenue declined to $59.2 million [9][11] - The net loss for the fourth quarter improved to $25.4 million from $33.7 million in the previous year, marking a 24.6% reduction [10] Cash Flow and Operational Metrics - Cash provided by operating activities for the fourth quarter was $2.8 million, an increase of $13.8 million compared to the same quarter in 2023 [10] - Free cash flow improved significantly to $1.6 million in the fourth quarter, compared to a negative $15.5 million in the same period of 2023 [10] - The company completed its restructuring plan, resulting in over $20 million in annual run-rate savings [9] Future Outlook - For the twelve months ending December 31, 2025, KORE expects revenue in the range of $288 million to $298 million, with Adjusted EBITDA projected between $62 million and $67 million [19]

Core Viewpoint - KORE Group Holdings, Inc. has received a notice from the NYSE regarding non-compliance due to the late filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 [1][2]. Group 1: Compliance and Filing Status - The NYSE notice indicates that KORE has six months from April 15, 2025, to regain compliance by filing the Form 10-K with the SEC [2]. - If KORE fails to file within the six-month period, the NYSE may grant an extension of up to six additional months at its discretion [2]. - The company anticipates filing the Form 10-K by April 30, 2025, due to the need for additional time and resources for financial reporting [3]. Group 2: Company Overview - KORE is recognized as a leader in IoT solutions, providing critical services that help organizations improve operational and business results [4]. - The company emphasizes its deep IoT knowledge, global reach, and purpose-built solutions to enhance customer business outcomes [4].

Core Insights - KORE Group Holdings and Banzai International are emerging tech companies positioned to benefit from the growing AI service industry, expected to experience substantial growth over the next five years [1] - KORE Group Holdings is focused on the IoT industry, which is projected to grow at a high teens CAGR over the next five to ten years, driven by the increase in connected devices and advancements in 5G technology [2][3] - Banzai International is well-positioned for a potential takeover, particularly by CRM companies looking to enhance their AI-assisted services, with a strong partnership already established with Salesforce [7][8] KORE Group Holdings - KORE Group Holdings operates in various sectors including healthcare, fleet management, and industrial production, with a forecast to cover over 19 million connected devices by 2025 [3] - The company is expected to see incremental top-line growth in fiscal 2025, with acceleration anticipated in 2026 and 2027, although current analyst coverage is limited [4] - Institutional ownership is significant, with a 50% institutional ratio, indicating strong support despite dwindling analyst coverage [5] Banzai International - Banzai International's stock has shown a notable increase, with a current price of $1.22, reflecting a 16.19% rise [7] - The company offers a range of services including a webinar platform and AI-powered tools, with a consensus forecast for nearly 90% revenue growth in fiscal 2025 [10] - Institutional ownership is nearly 100%, and there is a bullish sentiment among analysts, with one rating the stock as a Buy and projecting a 1000% upside [11]

Core Points - KORE Group Holdings, Inc. has postponed the release of its financial results for the fourth quarter and full year ended December 31, 2024, which was originally scheduled for April 15, 2025 [1][2] - The new expected date for the financial results release is after market close on April 30, 2025, along with the filing of its Annual Report on Form 10-K [1][2] - A live webcast conference call to discuss the financial results is scheduled for April 30, 2025, at 5:00 p.m. Eastern Daylight Time [2] Company Overview - KORE is recognized as a leader in providing mission-critical IoT solutions and services, aimed at simplifying the complexity of IoT for organizations of all sizes [3] - The company emphasizes its deep IoT knowledge, global reach, and purpose-built solutions to enhance operational and business results for its customers [3]

Core Insights - KORE Group Holdings, Inc. will release its financial results for Q4 2024 and the full year 2024 on April 15, 2025, after U.S. market closing [1] - A live webcast will be hosted on the same day at 5:00 p.m. Eastern time to discuss the financial results, followed by a Q&A session [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 to enhance operational and business results for its customers [2]

Core Insights - KORE Group Holdings, Inc. has appointed Jared Deith as Executive Vice President and Chief Revenue Officer, aiming to drive transformative growth in the IoT market [1][2][3] - Deith's previous role as Executive Vice President, Connected Health will be consolidated with his new responsibilities as CRO, indicating a strategic organizational redesign [2][3] - The CEO of KORE, Ron Totton, emphasized Deith's leadership qualities and customer focus, which are expected to enhance KORE's position in the IoT space [3] Company Overview - KORE is recognized as a leader in IoT solutions, providing critical services that help organizations improve operational and business outcomes [4] - The company aims to simplify the complexity of IoT through its deep knowledge, global reach, and purpose-built solutions [4]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" to maximize returns in a shorter time frame [1] Group 1: KORE Stock Performance - KORE's stock has experienced a significant four-week price change of 52.5%, indicating strong investor interest [2] - The stock has a high beta of 2.34, suggesting it moves 134% more than the market in either direction, reflecting its fast-paced momentum [3] - KORE has gained 11.9% over the past 12 weeks, demonstrating its ability to maintain positive returns over a longer time frame [8] Group 2: Earnings and Valuation - KORE has a favorable Momentum Score and has seen upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy) [4] - The stock is currently trading at a Price-to-Sales ratio of 0.15, indicating it is attractively priced at 15 cents for each dollar of sales [14] Group 3: Investment Strategy - The Zacks Momentum Style Score helps identify strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen assists in finding fast-moving stocks that are still reasonably priced [7] - KORE is highlighted as a strong candidate for investment due to its combination of fast-paced momentum and reasonable valuation [15]

ATLANTA, Dec. 23, 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 it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802. ...

Shares of KORE Group Holdings, Inc. (KORE) have been struggling lately and have lost 14.4% over the past two weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts abo ...