Education
About Us
Working with TipRanks
Follow Us
KORE Group Holdings (KORE)
NYSE:KORE
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.95Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant improvements in revenue, EBITDA, and free cash flow. However, challenges such as IoT Solutions revenue decline, interest expense increase, and unrealized foreign exchange losses were noted. The company is focused on profitability and operational efficiency, but there remains caution regarding market uncertainties.Company Guidance
The guidance provided during the KORE Group Holdings Fourth Quarter 2024 Earnings Call highlighted several key metrics and expectations for 2025. The company anticipates revenue to range from $288 million to $298 million, reflecting a 2% year-over-year growth. This includes a focus on exiting unprofitable contracts and product lines to enhance overall profitability. Adjusted EBITDA is projected to be between $62 million and $67 million, marking a 20% increase compared to the previous year. Additionally, free cash flow is expected to significantly improve by 443% year-over-year, ranging from $10 million to $14 million. The guidance emphasizes the company's strategy of prioritizing profitable revenue growth, gross margin expansion, and operational efficiency. Despite potential uncertainties from evolving tariff policies, KORE Group Holdings is positioned for strong profitability due to its recurring revenue model in the connectivity business.Revenue and EBITDA Growth
2024 revenue was $286 million with a 12% growth in recurring connectivity revenue, and adjusted EBITDA was $53.1 million. Free cash flow improved by $23.1 million from 2023.
IoT Solutions Margin Improvement
Non-GAAP margin of IoT solutions increased by 900 basis points to 40%, demonstrating improved profitability focus.
Fourth Quarter Achievements
Generated $1.6 million in free cash flow in Q4 2024, a significant improvement from the negative $15.5 million last year.
Sales Momentum and Market Growth
TCV increased to $158 million in 2024, with IoT connectivity contributing $111 million. Closed $29 million in TCV in Q4 2024.
---
KORE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
KORE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $2.46 | $2.53 | +2.85% |
| Nov 19, 2024 | $1.83 | $1.90 | +3.83% |
| Aug 15, 2024 | $3.39 | $2.74 | -19.17% |
| May 15, 2024 | $3.80 | $3.79 | -0.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does KORE Group Holdings (KORE) report earnings?
KORE Group Holdings (KORE) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is KORE Group Holdings (KORE) earnings time?
KORE Group Holdings (KORE) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KORE EPS forecast?
Currently, no data Available
---