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.
KORE Group Holdings (NYSE: KORE), a global leader in IoT solutions and managed network services, maintains this dedicated news hub for stakeholders tracking its market position and technological advancements. Our curated collection provides immediate access to official announcements, financial disclosures, and strategic developments.
Investors and industry professionals will find essential updates including quarterly earnings reports, IoT product launches, partnership announcements, and executive leadership changes. Each release is verified at source to ensure accuracy in tracking KORE's progress as an IoT hyperscaler and connectivity innovator.
The archive spans multiple business dimensions: financial performance updates, IoT solution deployments, strategic acquisitions, and technology partnerships. This resource enables systematic analysis of KORE's growth in machine-to-machine communications and global IoT infrastructure development.
Bookmark this page for streamlined monitoring of KORE's operational milestones and regulatory filings. Combine periodic checks with real-time alerts through your preferred financial news platform for comprehensive market awareness.
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.
KORE Group Holdings (NYSE: KORE) has received acceptance from the NYSE for its plan to regain compliance with continued listing standards. The plan addresses requirements related to minimum market capitalization and stockholders' equity under Section 802.01B of the NYSE Listed Company Manual. The company has been granted an 18-month period from September 12, 2024 to achieve compliance.
During this period, KORE must provide quarterly updates on its progress towards the plan's goals, which includes operational restructuring activities and business outlook. The company's common stock will continue trading on the NYSE during the compliance period, subject to adherence to the plan and other listing standards. This development does not affect KORE's business operations or SEC reporting requirements.
KORE reported Q3 2024 financial results with revenue of $68.9 million, a 0.4% increase year-over-year. IoT Connectivity revenue grew 3% to $56.7 million, while IoT Solutions revenue decreased 9% to $12.2 million. The company reported a net loss of $19.4 million, an 80% improvement from the previous year's $95.4 million loss. Total Contract Value increased 19% to $32 million. The company completed its restructuring plan and maintains approximately 19 million connections with $1 monthly ARPU. KORE tightened its 2024 outlook, projecting revenue between $280-285 million and Adjusted EBITDA of $54-55 million.
KORE Group Holdings (NYSE: KORE) announced the rescheduling of its Q3 2024 financial results release and webcast from November 13 to November 19, 2024, at 5PM ET. The company will restate its Q2 2024 financial statements due to errors in computing a non-cash goodwill impairment charge. The restatement is not expected to impact revenues, cash flows, or Adjusted EBITDA for the affected period. KORE plans to file a Form 10-Q/A with restated unaudited condensed consolidated financial statements by November 19, 2024.
KORE Group Holdings (NYSE: KORE), a global IoT hyperscaler and provider of IoT Connectivity, Solutions and Analytics, has announced it will release its third quarter 2024 financial results on November 13, 2024, 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 results.
KORE Group Holdings, Inc. (NYSE: KORE), an IoT solutions provider, has received a notice from the New York Stock Exchange (NYSE) regarding non-compliance with listing standards. The company's average global market capitalization over 30 consecutive trading days and stockholders' equity were both below the required $50 million threshold. KORE plans to submit a plan within 45 days to address this issue and regain compliance. If accepted, KORE will have an 18-month cure period to meet the standards, during which its stock will continue to trade on the NYSE, subject to other listing requirements and periodic reviews. This notice does not affect KORE's business operations or SEC reporting obligations.
