KORE Wireless Group Inc. provides Internet of Things (IoT) solutions and analytics. It offers managed, deployment, operational management, and sustainment and support services. The company provides IoT solutions to enterprise customers across primary industry verticals comprising connected health, fleet management, asset monitoring, communications services, and industrial IoT. It serves customers operating in a range of sectors, including healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. The company was founded in 2003 and is based in Alpharetta, Georgia.
IPO Year:
Exchange: NYSE
Website: korewireless.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/23/2024 | $2.00 | Buy → Hold | TD Cowen |
| 3/10/2022 | $18.00 → $12.50 | Outperform | Cowen & Co. |
| 1/20/2022 | $13.00 | Buy | ROTH Capital |
| 1/10/2022 | $8.00 | Hold | Deutsche Bank |
| 12/17/2021 | $7.50 | Equal-Weight | Morgan Stanley |
| 10/11/2021 | $18.00 | Outperform | Cowen & Co. |
Restructuring plan completed Growth in Connectivity and Connections On track to meet 2024 guidanceATLANTA, Nov. 19, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and nine months ended September 30, 2024. Q3 Highlights Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $68.6 million in the same period last year.A 3% increase in IoT Connectivit
Company to restate Second Quarter 2024 Financial StatementsNo impact to Revenues, Cash Flows or Adjusted EBITDA expected for the period affected ATLANTA, Nov. 12, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's financial results for the third quarter of 2024 and live webcast to discuss those results from previously scheduled November 13, 2024 at 5PM ET to November 19, 2024 at the same time.
ATLANTA, Oct. 31, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on November 13, 2024, following the U.S. market closing it will release its financial results for the third quarter of 2024. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss the financial results. Date: November 13, 2024Time: 5:00 p.m. Eastern tim
KORE intends to cure the deficiency and return to compliance with NYSE listing standard ATLANTA , Sept. 16, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), a global leader in Internet of Things ("IoT") solutions and pioneering IoT hyperscaler, announced that on September 12, 2024, it received a notice ("Notice") from the New York Stock Exchange ("NYSE") notifying KORE that that it is not in compliance with Section 802.01B of the NYSE's Listed Company Manual ("Rule 802.01B") because KORE's average global market capitalization over a consecutive 30 trading-day period was less than $50 million, and, at the same time, its stockholders' equity was less than $
ATLANTA, Aug. 27, 2024 /PRNewswire/ -- KORE, a global leader in Internet of Things ("IoT") solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, and Social Mobile, a leading provider of enterprise-grade, purpose-built hardware, jointly announce their groundbreaking collaboration in the Connected Health arena. This collaboration is set to deliver cutting-edge solutions designed to meet the rigorous demands of Connected Health and Remote Patient Monitoring (RPM). The relationship leverages Social Mobile's enterprise-grade devices, w
Ron Totton appointed President and CEO and to the KORE Board of Directors Restructuring estimated to generate gross cash savings of $5 million to $6 million in 2024 with a $4 million to $5 million one-time severance charge and $20 million to $22 million gross cash savings annually thereafter 2024 guidance updatedATLANTA, Aug. 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and six months ended June 30, 2024.
ATLANTA, Aug. 8, 2024 /PRNewswire/ -- KORE, a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that KORE LPHub™ (formerly known as KORA) has received a 2024 IoT LPWAN Excellence Award presented by TMC and Crossfire Media. The 2024 IoT Evolution LPWAN Excellence Award recognizes the products and solutions that leverage the LPWAN (Low power, wide area network) protocol to enable secure communication between devices. KORE LPHub, a SaaS-based Service Delivery Platform (S
ATLANTA, Aug. 7, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on August 15, 2024, before the U.S. market opens it will release its financial results for the second quarter of 2024. KORE will host a live webcast, followed by a question-and-answer period the same day at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss the financial results. Date: August 15, 2024Time: 8:30 a.m. Eastern time (5:30 a
ATLANTA, July 17, 2024 /PRNewswire/ -- KORE, a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that KORE Connectivity Suite has received a 2024 IoT Evolution Product of the Year Award from IoT Evolution World, the leading website covering IoT technologies. The award honors the best and most innovative products and solutions powering IoT technology. The KORE Connectivity Suite, which includes Connectivity as Service (CAAS), Connectivity Management Platform (CMP), and
ATLANTA, July 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, announced that Bruce Gordon has joined as Executive Vice President and Chief Operating Officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles. Most recently, he served as Chief Executive Officer and Executive Chairman of GeoDigital, a provider of 3D services and geospatial intell
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Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. ` The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Dolphin Entertainment Inc (NASDAQ:DLPN) On May 14, Dolphin Entertainment announced first-quarter earnings that i
KORE Group Holdings Inc (NASDAQ:KORE) shares are trading lower by 16.8% to $0.49 during Monday’s session after the company late Friday announced a 1-for-5 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on July 1. The reverse stock split aims to increase the stock’s per share price to meet NYSE’s minimum listing requirements and was approved by stockholders on June 12, and by the Board of Directors on June 21. This split means every five existing shares will be reclassified into one new share, with proportional adjustments to outstanding equity awards and shares under the equity incentive plan. No fractional shares will be issued; instead, fractional share
KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced that its Board of Directors has approved a 1-for-5 reverse stock split of the Company's common stock. The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on July 1, 2024. The Company's common stock is expected to commence trading on a split-adjusted basis when the New York Stock Exchange ("NYSE") opens on July 1, 2024 under the existing trading symbol "KORE." The new CUSIP number for the Company's common stock following the reverse stock split will be 50066V 305.
Kore Group Holdings (NYSE:KORE) reported quarterly losses of $(0.19) per share which missed the analyst consensus estimate of $(0.15) by 26.67 percent. This is a 20.83 percent increase over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $75.975 million which beat the analyst consensus estimate of $73.920 million by 2.78 percent. This is a 15.16 percent increase over sales of $65.975 million the same period last year.
Romil Bahl to step down and Ronald Totton named as Interim President and CEOATLANTA, April 29, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our"), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that Romil Bahl will be stepping down as President and Chief Executive Officer and that the Company's Board of Directors (the "Board") has named Ronald Totton as the Company's Interim President and Chief Executive Officer, effective May 3, 2024.Romil Bahl has served as KORE's President and CEO since 2017. He has led the KORE 3.0 Vision and
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TD Cowen downgraded KORE Group from Buy to Hold and set a new price target of $2.00
Cowen & Co. reiterated coverage of Kore Group Holdings with a rating of Outperform and set a new price target of $12.50 from $18.00 previously
ROTH Capital initiated coverage of KORE Group with a rating of Buy and set a new price target of $13.00
Deutsche Bank initiated coverage of Kore Group Holdings with a rating of Hold and set a new price target of $8.00
Morgan Stanley initiated coverage of KORE Group with a rating of Equal-Weight and set a new price target of $7.50
Cowen & Co. initiated coverage of Kore Group Holdings with a rating of Outperform and set a new price target of $18.00
ATLANTA, July 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, announced that Bruce Gordon has joined as Executive Vice President and Chief Operating Officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles. Most recently, he served as Chief Executive Officer and Executive Chairman of GeoDigital, a provider of 3D services and geospatial intell
Romil Bahl to step down and Ronald Totton named as Interim President and CEO ATLANTA, April 29, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our"), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today that Romil Bahl will be stepping down as President and Chief Executive Officer and that the Company's Board of Directors (the "Board") has named Ronald Totton as the Company's Interim President and Chief Executive Officer, effective May 3, 2024.
ATLANTA , April 25, 2024 /PRNewswire/ -- KORE, a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, announced today the appointment of Dan Cebula, Vice President for Connected Health of KORE, to the Board of Directors of the Medical Alert Monitoring Association (MAMA). Cebula, along with five other new additions to the board, will help represent the needs of the medical alert monitoring and personal emergency response services industry. MAMA Board of Directors President, Geoff Gross,
Jason Dietrich named as Executive Vice President and Chief Revenue Officer, and Júlio Tesser named as Vice President, Latin America ATLANTA, June 12, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE, KORE WS))), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, announced today the appointment of two new leaders to help drive KORE's next phase of growth. Jason Dietrich joins the Company as Executive Vice President and Chief Revenue Officer, responsible for leading KORE's global sales and marketing teams. Mr. Dietrich joins KORE, effective immediately, and reports to President and Chief Executive Officer Romil Bahl.
Additional board members bring world-class experience from leading international organizations ATLANTA, April 14, 2022 /PRNewswire/ -- KORE (NYSE:KORE), a global leader in Internet of Things (IoT) Solutions and worldwide IoT Connectivity-as-a-Service (CaaS), announced today that it has added three new members to its Board of Directors in an effort to continue its strategy of providing top-tier, global IoT solutions and services. The KORE Board of Directors is now joined by Paulett Eberhart, James Geisler, and Mark Neporent. "I am excited to welcome these new board members, who share a wealth of expertise and experience," said Tim Donahue, KORE Chairman of the Board. Also commenting on the ne
Holtz previously held finance leadership roles with Technology and SaaS companies, most recently as Interim CFO of KORE ATLANTA, March 22, 2022 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) (NYSE: KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service ("CaaS"), today announced that Paul Holtz, who had been serving as the Company's interim Chief Financial Officer, has been named KORE's Executive Vice President, Chief Financial Officer and Treasurer. After a comprehensive search, we are please
Restructuring plan completed Growth in Connectivity and Connections On track to meet 2024 guidanceATLANTA, Nov. 19, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and nine months ended September 30, 2024. Q3 Highlights Third quarter 2024 revenue was $68.9 million, a 0.4% increase from $68.6 million in the same period last year.A 3% increase in IoT Connectivit
ATLANTA, Oct. 31, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on November 13, 2024, following the U.S. market closing it will release its financial results for the third quarter of 2024. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss the financial results. Date: November 13, 2024Time: 5:00 p.m. Eastern tim
Ron Totton appointed President and CEO and to the KORE Board of Directors Restructuring estimated to generate gross cash savings of $5 million to $6 million in 2024 with a $4 million to $5 million one-time severance charge and $20 million to $22 million gross cash savings annually thereafter 2024 guidance updatedATLANTA, Aug. 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and six months ended June 30, 2024.
ATLANTA, Aug. 7, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on August 15, 2024, before the U.S. market opens it will release its financial results for the second quarter of 2024. KORE will host a live webcast, followed by a question-and-answer period the same day at 8:30 a.m. Eastern time (5:30 a.m. Pacific time) to discuss the financial results. Date: August 15, 2024Time: 8:30 a.m. Eastern time (5:30 a
ATLANTA, May 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter ended March 31, 2024. Company Highlights First quarter 2024 revenue was $76.0 million, a 15.2% increase over the same period last year.IoT Connectivity revenue of $57.9 million, a 33% increase over the same period last year, was driven by investments and organic growth. Organically, IoT Connect
ATLANTA, May 9, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on May 15, 2024, after the U.S. market closes it will release its financial results for the first quarter of 2024. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss the financial results. Date: May 15, 2024Time: 5:00 p.m. Eastern time (2:00 p.m. Paci
ATLANTA, April 11, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter and full year ended December 31, 2023. Company Highlights The Company is providing 2024 revenue guidance in the range of $300 to $305 million and Adjusted EBITDA, a non-GAAP metric1, guidance in a range of $64 to $66 million, reflecting a re-acceleration in IoT Connectivity growth. IoT Connec
ATLANTA , April 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on Thursday, April 11, 2024, before the U.S. market open it will release its financial results for the fourth quarter and full year ended December 31, 2023. KORE will host a live webcast, followed by a question-and-answer period the same day at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to discuss the financial results. Date: Thursday, A
ATLANTA, Nov. 16, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE, KORE.WS))) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions and Analytics, today announced that it has completed its previously announced transactions to refinance its approximately $300 million term loan with the issuance of a new $185 million five-year term loan from Whitehorse Capital ("Whitehorse") and a $150 million strategic investment from funds advised by Searchlight Capital Partners, L.P. ("Searchlight"). As part of the transaction, Searchlight has appointed two members to the Company's Board of Directors.
ATLANTA, Aug. 9, 2023 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE, KORE.WS))) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, today reported financial and operational results for the quarter ended June 30, 2023. KORE: Company Highlights Second quarter 2023 revenue of $69.5 million increased 5% sequentially from the first quarter of 2023, marking the Company's second sequential revenue growth quarter. Further, KORE remains on track to return to generating year-over-year g
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