KORE Group Q2 revenue up 5%, beats expectations

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

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

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