Kore Group reports Q1 revenue $76M, consensus $73.92M

Reports Q1 adjusted EBITDA $14.76M vs. $13.33M last year. “KORE delivered solid results in the first quarter, driven by investments in IoT Connectivity and organic growth,” said Ron Totton, Interim President and CEO of KORE. “Stepping into the leadership role, I am excited by KORE’s broad array of growth opportunities and, together with our talented team, will prioritize the best ones while simultaneously working to optimize operational performance. We believe this dual investment in growth and efficiency will translate into increased stockholder value.”