KORE Group's Q3 revenue misses estimates

Reuters11-13

KORE Group's Q3 revenue misses estimates

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/Miss	Actual	Consensus Estimate
Q3 Revenue	Miss	$68.7 mln	$72.70 mln (2 Analysts)
Q3 Net Income		-$12.70 mln
Q3 Adjusted EBITDA	Miss	$14.50 mln	$16.85 mln (2 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 is $6.00, about 29.3% above its November 11 closing price of $4.24

Press Release: ID:nPn87hPgna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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