KORE Group's Q4 net loss narrows; co to be acquired

KORE group

30/03/2026 23:51

Overview

Global IoT hyperscaler's Q4 revenue was flat yr/yr, net loss narrowed

Q4 adjusted EBITDA rose 26% yr/yr

Company announced on Feb. 27 pending acquisition by Searchlight Capital Partners and Abry Partners

Outlook

Company did not provide specific financial guidance due to pending acquisition transaction

Result Drivers

TOTAL CONNECTIONS GROWTH - Co said 6% yr/yr increase in Total Connections underscored durable demand for its IoT platform

DISCIPLINED EXECUTION - CEO Ron Totton attributed Q4 performance to disciplined execution

Company press release: ID:nPnwHY2pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$73.9 mln
$71.95 mln (2 Analysts)
Q4 Net Income
-$18.5 mln
Q4 Adjusted EBITDA
Beat
$17.7 mln
$15.70 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "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 $5.00, about 44.4% below its March 30 closing price of $9.00

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