Brief: Kore Group Holdings-Co’S Previously Issued QTRLY Financial Statements On Form 10-Q For Quarter Ended June 30 Should No Longer Be Relied Upon

KORE group

12/11/2024 23:31

Nov 12 (Reuters) - KORE Group Holdings Inc  KORE.N :
    * KORE GROUP HOLDINGS-CO’S PREVIOUSLY ISSUED QTRLY FINANCIAL
STATEMENTS ON FORM 10-Q FOR QUARTER ENDED JUNE 30 SHOULD NO
LONGER BE RELIED UPON
    * KORE GROUP HOLDINGS INC -CO’S GOODWILL IMPAIRMENT EXPENSE
WAS
MATERIALLY MISSTATED IN THE SECOND QUARTER OF 2024
    * KORE GROUP HOLDINGS-ESTIMATED IMPACT OF RESTATEMENT OF
CO’S
CONSOLIDATED STATEMENTS OF OPERATIONS IS EXPECTED TO INCREASE
NET LOSS BY ABOUT $19 MILLION

Source text:  ID:n0001855457-24-000076 
Further company coverage:  KORE.N 

 ((Reuters.Briefs@thomsonreuters.com;))