Overview

* KORE Q2 2025 revenue rises 5% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q2 beats consensus, reflecting improved operational performance

* Total connections increased 8%, indicating expansion in IoT services

Outlook

* Company forecasts 2025 revenue between $288 mln and $298 mln

* KORE expects adjusted EBITDA of $62 mln to $67 mln for 2025

* Company anticipates free cash flow of $10 mln to $14 mln in 2025

Result Drivers

* NEW BUSINESS - KORE attributes revenue growth to successful new business signings and healthy growth from existing customers

* CONNECTIONS GROWTH - Total connections increased by 8% yr/yr, driven by expansion in IoT services

* PIPELINE EXPANSION - Company reports growth in its pipeline across targeted business lines

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $71.30 $70.30

Revenue mln mln (2

Analysts

)

Q2 Net -$16.90

Income mln

Q2 Beat $16.70 $14.80

Adjusted mln mln (2

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the wireless telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for KORE Group Holdings Inc ( KORE ) is $6.00, about 60.3% above its August 13 closing price of $2.38

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)