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
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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.)
