Business
KORE Reports First Quarter 2026 Results
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, 2026.
About this update from Kore Group Holdings, Inc.
[{"type":"text","content":"Company Increases Connections and Grows Free Cash Flow in First Quarter 2026 ","length":76,"tagName":"p"},{"type":"text","content":"ATLANTA, May 11, 2026 /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, 2026.","length":339,"tagName":"p"},{"type":"image","alt":"KORE is now trading on the NYSE under ticker symbol KORE (PRNewsfoto/KORE Wireless)","displaySize":"","headline":null,"caption":"KORE is now trading on the NYSE under ticker symbol KORE (PRNewsfoto/KORE Wireless)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":127,"url":"https://media.zenfs.com/en/prnewswire.com/1ba620b91801198fe1879e2b68af774a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/UlWWsNZsa8i_rfTg4BIzjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIyNA--/https://media.zenfs.com/en/prnewswire.com/1ba620b91801198fe1879e2b68af774a","width":400,"height":127},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/jPG2Nly2Ch8fnXmXkyVBow--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTIwMw--/https://media.zenfs.com/en/prnewswire.com/1ba620b91801198fe1879e2b68af774a","width":400,"height":127}},"href":"https://mma.prnewswire.com/media/1571455/KORE_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter 2026 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was $65.8 million, down $6.3 million due to a decline in IoT Solutions partially offset by $2.3 million increase in IoT Connectivity.","length":141,"tagName":"p"}]},{"val":[{"type":"text","content":"Total Connections[1] was 21.9 million, up 11% from the same period last year.","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Loss was $28.5 million, an increase of $13.5 million or 91% from the same period last year due to transaction-related expenses and the change in fair value of warrant liability.","length":181,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA increased to $15.4 million, up $1.0 million or 7% from the same period last year.","length":97,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash...