Kore Group EBITDA Jumps 46 Percent in Q2

Kore Group (NYSE:KORE), an independent provider of Internet of Things (IoT) connectivity and solutions, released its second quarter fiscal 2025 earnings on August 14, 2025. The company reported GAAP revenue of $71.3 million, a 5.0% increase from the same period last year and ahead of the $70.3 million GAAP consensus estimate. Adjusted EBITDA rose sharply to $16.7 million, up from $11.4 million in Q2 2024, while total IoT connections grew to 20.1 million, and showed a significant reduction in net loss (GAAP) versus Q2 2024. Overall, the quarter highlighted tangible progress in operating performance, margin improvement, and customer expansion, though top-line growth remained modest and the business continued to operate at a net loss. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Kore Group focuses on enabling enterprises to connect their devices securely and efficiently through IoT connectivity services. Its core offerings consist of global IoT Connectivity as a Service (CaaS), managed through the KORE One platform, and an expanding suite of integrated IoT solutions for verticals such as healthcare, fleet management, asset monitoring, industrial, and retail.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool