Summary
KORE Group Stockholders Clear Merger With Searchlight, Abry-Backed Entities
KORE Group NYSE: KORE stockholders approved a merger agreement at a special meeting of stockholders, advancing a transaction involving KONA Parent, L.P. and KONA Merger Sub Co, entities affiliated with certain funds managed by Searchlight Capital Partners and Abry Partners.
KORE Group Holdings, Inc. (KORE) Reports Q1 Loss, Lags Revenue Estimates
KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.78 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to a loss of $0.77 per share a year ago.
KORE Group Holdings, Inc. (KORE) Reports Q3 Loss, Misses Revenue Estimates
KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.45 per share in line with the Zacks Consensus Estimate. This compares to a loss of $1 per share a year ago.
KORE Group Holdings, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Vectors Research Management Vectors Research Management LLC | 20,430 | $65,784.84 | $188,977.5 | $123,192.66 | 187.27% |
 Hui Fai Tam Caitong International Asset Management Co. Ltd. | 100 | $902 | $925 | $23 | 2.55% |
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KORE Group Holdings, Inc. Profile
| Software Industry | Information Technology Sector | Ronald Totton CEO | NYSE Exchange | 50066V305 CUSIP |
| US Country | 403 Employees | - Last Dividend | 1 Jul 2024 Last Split | 1 Oct 2021 IPO Date |
Overview
KORE Group Holdings, Inc. is a global provider of Internet of Things (IoT) services and solutions, catering to the business market with a wide range of offerings designed to support the development and implementation of IoT technology. Established in 2002 and headquartered in Atlanta, Georgia, the company operates on a worldwide scale, serving sectors such as healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. Through its variety of managed and professional services, connectivity and location-based solutions, and device management, KORE Group Holdings, Inc. aims to streamline and secure IoT applications for its customers.
Products and Services
The company's portfolio spans connectivity, location-based services, and device solution arenas, each crafted to facilitate the seamless adoption and execution of IoT initiatives:
- IoT Connectivity-as-a-Service: This service equips businesses with reliable, global IoT connectivity options, ensuring devices remain connected regardless of location. It simplifies IoT deployments by removing the complexity of managing multiple carriers and contracts, offering a scalable and secure way to connect and manage IoT devices.
- Connectivity Enablement-as-a-Service: This offering focuses on empowering companies to quickly and efficiently launch their IoT services. By providing the tools and frameworks necessary for IoT connectivity management, businesses can effectively monitor and control their device connectivity, improving operational processes and reducing downtime.
- Device Management Services: These services are dedicated to the lifecycle management of IoT devices, from provisioning and activation to maintenance and firmware updates. Tailored to ensure the optimal performance of IoT devices, this service reduces the challenges associated with managing a diverse and dispersed device ecosystem.
- Security Location Based Services: With an emphasis on security, this service leverages location data to enhance the safety and operational efficiency of IoT applications. It aids in asset tracking, compliance, and theft prevention, offering real-time insights and analytics to secure and optimize asset utilization.
