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Earnings Call Summary | KORE Group(KORE.US) Q1 2024 Earnings Conference

Earnings Call Summary | KORE Group(KORE.US) Q1 2024 Earnings Conference

财报电话会议摘要 | KORE 集团 (KORE.US) 2024 年第一季度财报会议
moomoo AI ·  05/15 20:24  · 电话会议

The following is a summary of the KORE Group Holdings, Inc. (KORE) Q1 2024 Earnings Call Transcript:

以下是韩国集团控股有限公司(KORE)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • KORE Group reported Q1 2024 revenue of $76 million, reflecting a 15.2% YoY increase.

  • IoT connectivity revenue contributed $57.9 million, showing a YoY growth of 33%.

  • IoT Solutions revenue, however, declined 19% YoY to $18.1 million.

  • The company experienced a net loss of $17.6 million, which is an improvement from a loss of $18.5 million the previous year.

  • The total Q1 2024 margin increased by 100 basis points to 55% from Q1 2023.

  • 韩国集团报告称,2024年第一季度收入为7,600万美元,同比增长15.2%。

  • 物联网连接收入贡献了5,790万美元,同比增长33%。

  • 然而,物联网解决方案收入同比下降19%,至1,810万美元。

  • 该公司的净亏损为1760万美元,较去年的1,850万美元亏损有所改善。

  • 与 2023 年第一季度相比,2024 年第一季度的总利润率增加了 100 个基点,达到 55%。

Business Progress:

业务进展:

  • Despite a minimal quarterly decrease, total connections increased YoY by 3.2 million to 18.3 million.

  • Several significant customer wins generated an additional $52 million in the Total Contract Value (TCV).

  • The company aims for IoT connectivity revenue growth, backed by stable ARPUs and existing customer growth.

  • Operating efficiency enhancements and cost management are expected to result in double-digit adjusted EBITDA growth for 2024.

  • Collaborations like the one with Twilio are predicted to boost growth.

  • The company plans to transition from lower-margin hardware deals to focus on higher bandwidth transfers, positioning the company for new growth opportunities.

  • Plans are in motion to make the company free cash flow positive by the end of the year.

  • 尽管季度略有下降,但总连接量同比增长了320万至1,830万个。

  • 几项重大客户胜利使合同总价值(TCV)额外产生了5200万美元。

  • 该公司的目标是在稳定的ARPU和现有客户增长的支持下实现物联网连接收入的增长。

  • 运营效率的提高和成本管理预计将使2024年调整后的息税折旧摊销前利润实现两位数的增长。

  • 预计像与Twilio这样的合作将促进增长。

  • 该公司计划从低利润的硬件交易过渡到专注于更高的带宽传输,为公司创造新的增长机会做好准备。

  • 计划在年底之前使公司的自由现金流为正数。

More details: KORE Group IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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