KORE's IoT Connectivity Shines Amid Revenue Dip

KORE Group Holdings had a bit of a rollercoaster first quarter of 2026. Revenue fell to $65.8 million due to a drop in IoT Solutions, even though their IoT Connectivity rose slightly. They reported a hefty net loss of $28.5 million, nearly doubling from last year, thanks to some transaction-related expenses. But hey, there's a silver lining: their free cash flow increased, and they added over two million new connections, proving their IoT Connectivity is still kicking it. What does it mean for you? If you're into IoT, KORE is still a major player despite some financial hiccups. But if you're invested, keep an eye on their upcoming acquisition to see how it might shake things up.