Overview

* KORE Q3 revenue of $68.7 mln missed analyst expectations

* Adjusted EBITDA for Q3 was $14.5 mln, missing analyst estimates

* Net loss improved to $12.7 mln, a 35% improvement from last year

Outlook

* KORE suspends FY 2025 guidance amid strategic review process

Result Drivers

* ADJUSTED EBITDA - Adjusted EBITDA increased by 12% to $14.5 mln, reflecting operational efficiency

* FREE CASH FLOW - Free cash flow improved to negative $1.1 mln, an improvement of $1.1 mln from the same period last year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $68.7 $72.70

Revenue mln mln (2

Analysts

)

Q3 Net -$12.70

Income mln

Q3 Miss $14.50 $16.85

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 29.3% above its November 11 closing price of $4.24

Press Release:

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(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.)