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KORE Group Holdings, Inc. reports news on Internet of Things connectivity, IoT solutions and analytics for enterprise device deployments. Company updates include global connectivity partnerships, eSIM and remote SIM provisioning capabilities, SGP.32-related connectivity solutions, and platform features used to manage connected-device fleets across regions and network conditions.
Recurring coverage also includes operating and financial results, material agreements, capital-structure disclosures, shareholder voting matters and governance developments tied to corporate transactions. KORE's business references center on IoT Connectivity and IoT Solutions, including connectivity services, location-based services, device solutions, and managed and professional services.
KORE (NYSE: KORE) reported first quarter 2026 revenue of $65.8 million, down from $72.1 million as lower IoT Solutions sales offset higher IoT Connectivity revenue. Net loss widened to $28.5 million, mainly from transaction-related expenses and warrant liability fair value changes.
Total connections reached 21.9 million, up 11% year over year. Adjusted EBITDA was $15.4 million. Operating cash flow was $4.7 million, supporting $2.7 million in free cash flow. KORE also highlighted its pending all-cash acquisition, valuing the company at about $726 million enterprise value.
KORE (NYSE: KORE) and Kigen announced a joint portfolio of SGP.32-compliant IoT connectivity solutions, with commercial availability planned later in 2026. The offering targets devices from gateways to battery sensors and enables remote provisioning, multi-network resilience, roaming optimization and intelligent failover for global deployments.
The solution uses GSMA's next-generation eSIM standard to support remote switching and lifecycle management, aiming to reduce field maintenance and improve interoperability and carrier-grade integrations for large-scale enterprise IoT fleets.
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KORE (NYSE: KORE) reported fourth-quarter and full-year 2025 results on March 30, 2026, showing improved profitability and cash generation. Q4 revenue was $73.9 million, roughly flat year-over-year, with Adjusted EBITDA rising 26% to $17.7 million and Free Cash Flow improving to $7.8 million.
For full-year 2025, revenue was $285.9 million, Net Loss narrowed to $63.0 million (improved $83.1 million, 57%), and Adjusted EBITDA increased to $63.3 million. Period-end Total Connections rose to 20.9 million. A pending all-cash acquisition valued at about $726 million was announced on February 27, 2026.
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KORE (NYSE: KORE) announced a strategic alliance with Move & Connect to deliver unified pan-European IoT connectivity for critical industries, including EV charging, retail and smart farming. The partnership gives Move & Connect customers access to KORE's global network in 190+ countries via a single contract, API and eSIM-enabled management platform. Move & Connect will build an AI-powered analytics layer on KORE network data to provide operational insights and differentiated managed services for enterprise customers.
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KORE (NYSE:KORE) agreed to be acquired by Searchlight Capital Partners and Abry Partners for $9.25 per share in cash, valuing the deal at approximately $726 million. The price represents a ~691% premium to the Dec 18, 2024 unaffected price and a 132% premium to Nov 3, 2025.
The Special Committee and full Board unanimously approved the transaction, which is expected to close in Q2 or Q3 2026, subject to stockholder votes, HSR and CFIUS clearances. The deal is not conditioned on financing.