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KORE Group Holdings, Inc. - $KORE STOCK NEWS

Welcome to our dedicated page for KORE Group Holdings news (Ticker: $KORE), a resource for investors and traders seeking the latest updates and insights on KORE Group Holdings stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KORE Group Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KORE Group Holdings's position in the market.

Rhea-AI Summary
KORE Group Holdings, Inc. (NYSE: KORE, KORE.WS) announced the completion of transactions to refinance its term loan, reducing debt by almost $120 million and extending maturity. The company received a $150 million strategic investment from Searchlight Capital Partners, L.P., reducing cash interest expenses by approximately $14 million per year and adding approximately $15 million in cash to KORE's balance sheet. Searchlight appointed two members to the Board of Directors, bringing deep expertise in the communications and technology sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
58.86%
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none
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Rhea-AI Summary
KORE Group Holdings, Inc. (NYSE: KORE, KORE.WS) reported financial results for Q3 2023, including a $300 million term loan refinance, a $150 million strategic investment, and a return to year-over-year growth. The company's total revenue increased by 4% to $68.6 million, driven by strong growth in high margin IoT Connectivity business. KORE's sales funnel now includes almost 1,700 opportunities with an estimated potential TCV of over $740 million, and the company added over 300,000 connections in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.69%
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Rhea-AI Summary
KORE Group Holdings, Inc. will release its financial results for the third quarter on November 9, 2023. A live webcast and Q&A session will follow the release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
conferences earnings
Rhea-AI Summary
KORE to present at MWC Las Vegas, discussing major IoT trends like AI, eSIM, and digital transformation. KORE CEO emphasizes the importance of reliable connectivity and ease of adoption. Exciting time for the IoT industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.68%
Tags
AI
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Rhea-AI Summary
KORE's LoRaWAN solution, KORA, receives 2023 IoT Evolution LPWAN Excellence Award for innovation in leveraging LPWAN technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.86%
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none
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Rhea-AI Summary
KORE received a notice from NYSE for non-compliance with minimum share price requirement. KORE has six months to regain compliance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
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none
Rhea-AI Summary
KORE Group Holdings reports Q2 2023 revenue of $69.5 million, a 5% increase from Q1 2023. Net loss increased to $19.5 million. Adjusted EBITDA increased to $14.2 million. Sales funnel includes 1,500 opportunities with an estimated TCV of $660 million. Total Connections are 18.5 million. Maintains 2023 revenue guidance of $300-310 million and adjusted EBITDA guidance of $60-62 million.
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Rhea-AI Sentiment
End-of-Day
-30%
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conferences earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.92%
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KORE Group Holdings, Inc.

NYSE:KORE

KORE Rankings

KORE Stock Data

55.08M
36.48M
22.21%
54.17%
0.19%
Wireless Telecommunications Carriers (except Satellite)
Information
Link
United States of America
ATLANTA

About KORE

the internet of things (iot) means many things to many people - the developer in a lab, the entrepreneur in a garage, the ceo in the corner office - each have their own vision. kore provides the people, expertise and technology to support the many visions of the iot, from the inspiration of things and the innovation of things to the internet of things. founded in 2003, kore quickly rose to become the world’s largest managed network services provider specializing in iot and machine-to-machine (m2m) communications. today, kore is a global leader in software service and platforms that power the iot, with millions of active on-network units. kore is the brand behind successful iot brands, and kore team members are the people powering iot: • sales and engineering teams delve deep into customer needs to understand their vision, creating customized solutions for rapid go-to-market timelines. • the technical support team ensures client technical issues are handled with urgency. • the device ce