Kore Group reports Q3 revenue $68.9M, consensus $67.95M

Reports Q3 net loss (19.50M) vs. ($95.36M) last year. Reports Q3 Adjusted EBITDA $12.99M. “While our Q3 top-line performance showed modest growth, our focus on Connectivity offerings is showing results. With an installed base of close to 19 million connections generating an ARPU of about $1 per month we already have a solid foundation of CaaS business to build on,” said Ron Totton, President and CEO of KORE. “We have successfully completed our restructuring plan, which included cost reductions, leadership realignment, and operational improvements. These initiatives have enabled investments in our growth priorities and are already delivering traction in connectivity growth and a better customer experience. We are positioning KORE for sustainable, profitable growth.”