KORE Reports Third Quarter 2025 Results

Core Insights - KORE Group Holdings, Inc. reported a solid quarter with a 12% increase in Adjusted EBITDA and a total of over 20.5 million connections, indicating successful execution of its profitable growth strategy [2][12]. Financial Performance - Total revenue for the third quarter of 2025 was $68.7 million, roughly flat compared to the same period last year [12]. - IoT Connectivity revenue was $56.7 million, accounting for 83% of total revenue, while IoT Solutions revenue was $11.9 million, making up 17% [4]. - The net loss decreased to $12.7 million, an improvement of $6.7 million or 35% from the same period last year [12]. - Adjusted EBITDA increased to $14.5 million, up $1.5 million or 12% year-over-year [12]. Operational Metrics - The period-end total connections reached 20.5 million, up 9% from 18.8 million in the same period last year [12]. - The average total connections for the period were 20.4 million, compared to 18.6 million in the previous year [4]. Strategic Developments - The company is currently in discussions regarding a potential acquisition of its outstanding shares by Searchlight Capital Partners and Abry Partners, leading to the suspension of guidance for the remainder of Fiscal Year 2025 [5][6].