Kore Group Holdings, Inc. ( (KORE) ) has released its Q2 earnings. Here is a breakdown of the information Kore Group Holdings, Inc. presented to its investors.
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KORE Group Holdings, Inc. is a global leader in the Internet of Things (IoT) sector, providing connectivity, solutions, and analytics to enhance business operations across various industries.
In its second quarter of 2025, KORE Group Holdings reported a notable increase in revenue, adjusted EBITDA, and free cash flow, alongside a significant reduction in net loss. The company continues to expand its IoT connections, reflecting strong growth and strategic advancements.
Key financial highlights include a 5% rise in revenue to $71.3 million and an 8% increase in total connections to 20.1 million. The net loss decreased by 80% to $16.9 million, while adjusted EBITDA surged by 46% to $16.7 million. Free cash flow also improved significantly, reaching $1.6 million.
Looking ahead, KORE Group Holdings maintains a positive outlook for 2025, with projected revenue between $288 million and $298 million, adjusted EBITDA ranging from $62 million to $67 million, and free cash flow expected to be between $10 million and $14 million. The company remains optimistic about its growth trajectory and strategic initiatives.