Financial Data and Key Metrics Changes - The second quarter revenue was $70.4 million, up 16% year-over-year from $60.7 million in Q2 2021 [11][38] - IoT solutions revenue increased by 47% year-over-year to $25.7 million [11][39] - The dollar-based net expansion rate (DBNER) for Q2 was 114%, up from 113% in the prior year [42] - Total gross margin was 52%, flat year-over-year, while IoT connectivity gross margin increased by six percentage points to 65% [40] - The net loss for Q2 was $11.1 million compared to $6.9 million in the same period last year [45] Business Line Data and Key Metrics Changes - IoT connectivity revenue increased by 3% year-over-year to $44.7 million despite revenue pressures from foreign exchange and LTE pricing transitions [39] - The fleet vertical currently accounts for approximately $50 million in annual revenue, with a target to grow to $75 million by 2025 and an internal stretch target of $150 million [35][36] Market Data and Key Metrics Changes - The fleet management market is projected to grow to $750 billion by 2030, with video analytics expected to grow at a CAGR of 17% over the next three years [27] - The usage-based insurance market surpassed $30 billion in 2020 and is projected to grow at a 20% CAGR through 2027 [28] Company Strategy and Development Direction - KORE aims to simplify IoT complexities through a one-stop shop approach, focusing on deploying, managing, and scaling IoT solutions [18][19] - The company is increasingly going to market by industry verticals, having launched Connected Health and Fleet as the first two of five target verticals [24][23] - KORE is investing in developing its partner ecosystem, having integrated with over 400 partners [36] Management's Comments on Operating Environment and Future Outlook - Management expects a sequential decline in revenue for Q3 and H2 2022 due to the completion of the LTE transition project with the largest customer [12][38] - Despite anticipated headwinds, the company expects to exceed its two-year public revenue forecast for 2021-2022 by over $50 million [13][50] - Management remains confident about future growth, particularly in IoT connectivity, as the company transitions away from 2G and 3G SIMs [86][88] Other Important Information - KORE generated $14.7 million from operations in Q2 2022, a significant improvement from a cash use of $2 million in the same period last year [46] - Cash and cash equivalents at the end of Q2 were $40.8 million, down from $86 million at the end of 2021, primarily due to financing the BMP and Simon acquisitions [47] Q&A Session Summary Question: Can you break down the revenue beat in terms of contributing factors? - Management indicated that the acquisition contributed mid-high 20s to revenue, with the rest attributed to organic execution, particularly in ARPU stability [61][62] Question: How does the geographic distribution of the 100 million telematics units align with KORE's market access? - Management confirmed that the 100 million telematics units are currently available, with about 15% pre-configured for connectivity, and noted that most accessible markets include North America and Europe [66][67] Question: What is the contribution of the fleet vertical as a percentage of revenue? - The fleet vertical contributes approximately $50 million, which is about 17-18% of total revenue [99] Question: How is inflation and higher gas prices impacting the fleet vertical? - Management noted an uptick in interest for fuel optimization solutions among fleet customers, indicating resilience in demand despite economic pressures [100][101] Question: What are the expectations for gross margins in the second half of the year? - Management expects gross margins for IoT connectivity to remain stable around 65%, while IoT solutions margins are anticipated to improve gradually [103][104]

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q __________________________ (Mark One) For the quarterly period ended June 30, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40856 KORE Group Holdings, Inc. (Exa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-40856 KORE Group Holdings, Inc. (Exact Name of Registrant as Specified in its Charter) De ...

Large accelerated filer ☐ Accelerated filer ☐ Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ 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 its charter) 3700 Mansell Roa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number: 001-39647 KORE Group Holdings, Inc. (Exact Name of Registrant as Specified in its Charter ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2021 was $67.9 million, a growth of 22.8% compared to $55.3 million in Q3 2020 [18] - IoT connectivity revenue was $41.5 million, representing 61% of total revenue, growing 4.9% from $39.6 million a year ago [18] - IoT solutions revenue was $26.3 million, accounting for 39% of total revenue, with a significant growth of 68.2% from $15.7 million a year ago [18] - Gross margin percentage decreased to 48% from 54% year-over-year, primarily due to accelerated growth in IoT solutions which have lower margins [23] - Adjusted EBITDA for Q3 was $15.9 million, slightly up from $15.4 million in the previous year [23] Business Line Data and Key Metrics Changes - IoT connectivity services, primarily CaaS, continue to be the largest revenue contributor, while IoT solutions are trending towards 32% of overall revenue in 2021 [7][18] - Total connections reached 13.6 million, up 23.6% year-over-year, indicating strong growth in IoT connectivity services [19] - The dollar-based net expansion rate (DBNER) was 114%, up from 103% a year ago, indicating successful customer retention and growth [20] Market Data and Key Metrics Changes - The IoT market is projected to grow from less than $400 billion in 2020 to $7 trillion by 2030, and further to approximately $15 trillion by 2035 [8] - The number of IoT devices is expected to increase from roughly 12 billion in 2020 to approximately 75 billion by 2030 [8] Company Strategy and Development Direction - The company is focused on becoming a leader in the IoT market, with a five-year transformation plan that includes strengthening its core IoT connectivity business and launching new services [26][27] - The strategy includes launching industry practices, with connected health and fleet management already initiated, and plans to expand into three additional sectors [27] - The company aims to leverage eSIM technology as a key enabler for IoT growth [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exceeding combined revenue projections for 2021 and 2022, despite challenges from supply chain issues and technology transitions [21][25] - The company anticipates that the shutdown of 2G and 3G networks will lead to improved growth rates post-2022 [25] - Management highlighted the importance of addressing supply chain constraints to meet pent-up demand in the market [32] Other Important Information - The company reported a net loss of $4.5 million for Q3 2021, an improvement from a loss of $5.6 million a year ago [23] - Cash and restricted cash increased to $73.1 million as of September 30, 2021, compared to $11.9 million a year ago, primarily due to proceeds from a business combination [24] Q&A Session Summary Question: What is driving the confidence to beat guidance for 2021 and 2022? - Management indicated that confidence stems from solid business execution, ARPU stabilization, and overall business momentum, despite supply chain issues impacting growth [30] Question: Can you elaborate on the ARPU headwind and its implications for 2023? - Management acknowledged that while there may be minor headwinds due to delayed transitions, they expect to largely overcome these challenges by the end of next year [32] Question: How has the customer case study impacted revenue growth? - Management noted that they benefit from operating leverage, but agreed to a price reduction with their largest customer, which has affected margins [38] Question: What is the outlook for gross margins going forward? - Management indicated that while they expect to invest for growth, this may impact profitability in the near term due to increased public company costs and other factors [48] Question: Are there specific verticals moving faster than others in the pipeline? - Management highlighted that connected health is currently the most promising vertical, with ongoing efforts to launch additional industry practices [55]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39647 King Pubco, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 86-3078783 (State or othe ...