Kore Group Holdings, Inc. ( (KORE) ) has released its Q3 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, specializing in IoT connectivity, solutions, and analytics. The company is recognized for its comprehensive IoT services that empower organizations to enhance their operational and business outcomes.
In its third-quarter 2025 earnings report, KORE Group Holdings, Inc. announced steady revenue figures alongside significant improvements in key financial metrics, highlighting a strategic focus on profitable growth. The company reported a notable increase in total connections and adjusted EBITDA, reflecting robust demand for its connectivity services.
Key financial highlights for the quarter include a revenue of $68.7 million, consistent with the previous year, while total connections rose by 9% to 20.5 million. The net loss improved by 35% to $12.7 million, and adjusted EBITDA grew by 12% to $14.5 million. Additionally, free cash flow saw a positive shift, improving by $1.1 million from the prior year.
Looking ahead, KORE’s management remains optimistic about continued growth in connectivity demand, although the company has suspended its fiscal year 2025 guidance due to ongoing strategic review processes. The management’s outlook suggests a focus on leveraging its strong market position to drive further growth and operational efficiency.