KORE Group Holdings, Inc. reported strong financial and operational results for the second quarter of 2025, with notable growth in revenue, Adjusted EBITDA, connections, and free cash flow.
The company's revenue increased to $71.3 million, representing a 5% growth from the same period last year.
Total Connections reached 20.1 million, up by 8%, while net loss decreased significantly by 80% to $16.9 million.
Revenue Growth
Revenue increased by 5% to $71.3 million compared to the same period last year.
Total Connections Increase
Total Connections grew by 8% to reach 20.1 million.
Adjusted EBITDA Improvement
Adjusted EBITDA increased by 46% to $16.7 million compared to the same period last year.
- The strong financial performance showcases the company's strategic investments and hard work translating into profitable growth and positive results.
- With over 1.5 million new connections in the last year, KORE demonstrates a successful expansion and enhanced market presence.
Overall, KORE Group Holdings, Inc.'s second quarter performance reflects promising growth and financial stability, positioning the company well for future success in the IoT industry.