Kore Group Holdings Stock Price, News & Analysis

KORE, in collaboration with Winnebago and Robo, has unveiled Winnebago Connect™, an innovative IoT platform transforming the RV experience. The system integrates KORE's managed IoT services for global connectivity, Robo's software platform for user interface and intelligent features, and Ericsson's network solutions with dual-carrier Wi-Fi and edge computing.

The platform offers smart features including GPS tracking, real-time notifications, remote climate control, and intelligent energy management for off-grid power optimization. Powered by Ericsson's Cradlepoint routers, Winnebago Connect aims to enhance travel safety, convenience, and the overall RV ownership experience through advanced connectivity and automation.

KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler specializing in IoT Connectivity, Solutions and Analytics, has scheduled its Q1 2025 earnings release for May 15, 2025, after U.S. market close. The company will host a live webcast and Q&A session at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) on the same day to discuss the financial results. Interested participants can join via webcast or dial in using U.S. number (877) 407-3039 or international number (215) 268-9922 with Conference ID 13753735.

KORE, a global IoT hyperscaler, reported its Q4 and full-year 2024 results with notable growth in key metrics. The company achieved $286.1 million in total revenue, with IoT Connectivity revenue increasing by $24.5 million (12% year-over-year). Total connections grew by 1.2 million to reach 19.7 million.

Financial highlights include improved operating cash flow of $9.9 million and positive free cash flow of $1.6 million in Q4. The company completed a restructuring plan delivering over $20 million in annual run-rate savings. Despite progress, net loss for 2024 was $146.1 million, though this marked a 12.5% improvement from 2023.

Looking ahead to 2025, KORE projects:

• Revenue between $288-298 million
• Adjusted EBITDA of $62-67 million
• Free Cash Flow of $10-14 million

KORE Group Holdings (NYSE: KORE), an IoT solutions provider, received a notice from the NYSE on April 16, 2025, regarding its non-compliance with listing standards due to delayed filing of its 2024 Annual Report (Form 10-K). The notice grants KORE a six-month period until October 15, 2025, to file the report and regain compliance.

While the notice doesn't immediately affect KORE's NYSE listing, the exchange may initiate delisting proceedings if deemed necessary. The company attributes the delay to additional time needed for financial reporting and closing procedures, and expects to file the Form 10-K by April 30, 2025.

KORE Group Holdings (NYSE: KORE), an IoT solutions provider and IoT hyperscaler, has announced the postponement of its Q4 and full-year 2024 financial results release and conference call. The company has rescheduled these events from April 15, 2025, to April 30, 2025.

The earnings release will be issued after market close, followed by a live webcast conference call at 5:00 p.m. Eastern Daylight Time on April 30. The delay includes the postponement of filing their Annual Report on Form 10-K for 2024, with the company citing the need for additional time to complete year-end financial reporting processes.

KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler specializing in IoT Connectivity, Solutions and Analytics, has scheduled its Q4 and Full Year 2024 financial results announcement for April 15, 2025, after U.S. market close.

The company will host a live webcast with a Q&A session at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) on the same day. Participants can join via webcast or dial in using U.S. number (877) 407-3039 or international number (215) 268-9922 with Conference ID 13752519.

KORE Group Holdings (NYSE: KORE) has appointed Jared Deith as Executive Vice President and Chief Revenue Officer (CRO), following the departure of the previous CRO. Deith, who previously served as Executive Vice President of Connected Health, will maintain these responsibilities alongside his new role.

In his expanded position, Deith will oversee global sales, partnerships, marketing, and revenue operations. The appointment is part of an organizational redesign aimed at accelerating KORE's position as a leading IoT solutions provider. Deith brings entrepreneurial experience and a track record of building high-performing teams in the IoT market.

CEO Ron Totton highlighted Deith's growth mindset and customer focus, while Board Chairman Tim Donahue emphasized his understanding of customer needs and drive to advance KORE's market position.

KORE has won the 'Connected Car Product of the Year' award at the 9th annual IoT Breakthrough Awards for its In-Vehicle Video (IVV) solution. The solution combines IoT dash cams with AI technology to enhance fleet operations and safety.

The IVV system offers continuous video streaming with multiple cameras, infrared night vision capabilities, and remote access features. Its AI functionality monitors driver fatigue and distracting behaviors, sending alerts to headquarters for immediate intervention. The platform enables fleet managers to:

• Improve driver behavior through targeted coaching
• Reduce collision frequency and insurance costs
• Establish accident fault with video evidence
• Monitor fleet performance with contextual data

KORE's turn-key solution includes fleet management applications, managed network connectivity from Tier 1 cellular operators, and support for advanced vehicle tracking devices. This recognition comes at a important time, as commercial fleets face a 20% annual accident rate, highlighting the importance of innovative safety solutions in the transportation industry.