Adjusted EBITDA increased to $15.4M, up $1M or 7% from the same period last year. “The first quarter of 2026 demonstrates the momentum in our core IoT Connectivity business, which continues to be the engine of our growth. Adding over two million connections year-over-year while increasing our IoT Connectivity revenue is a testament to the essential role we play for our customers,” said Ron Totton, KORE‘s President & CEO. “This focus on our core services allowed us to once again deliver positive free cash flow for our stockholders,” added Totton.
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