KORE Group Q2 revenue up 5%, beats expectations

KORE group

14/08/2025 21:28

Overview

KORE Q2 2025 revenue rises 5% yr/yr, beating analyst expectations

Adjusted EBITDA for Q2 beats consensus, reflecting improved operational performance

Total connections increased 8%, indicating expansion in IoT services

Outlook

Company forecasts 2025 revenue between $288 mln and $298 mln

KORE expects adjusted EBITDA of $62 mln to $67 mln for 2025

Company anticipates free cash flow of $10 mln to $14 mln in 2025

Result Drivers

NEW BUSINESS - KORE attributes revenue growth to successful new business signings and healthy growth from existing customers

CONNECTIONS GROWTH - Total connections increased by 8% yr/yr, driven by expansion in IoT services

PIPELINE EXPANSION - Company reports growth in its pipeline across targeted business lines

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$71.30 mln
$70.30 mln (2 Analysts)
Q2 Net Income
-$16.90 mln
Q2 Adjusted EBITDA
Beat
$16.70 mln
$14.80 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 60.3% above its August 13 closing price of $2.38

Press Release: ID:nPn8lDjhJa

(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.)