KORE Group Holdings Inc 2025年季度报告

Washington, D.C. 20549_____________________________ FORM10-Q (Mark One) For the quarterly period endedJune 30, 2025 ORoTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission file number001-40856_____________________________ KORE Group Holdings, Inc. (Exact name of registrant as specified in its charter)_____________________________ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesoNox As of August12, 2025, there were17,493,073shares of the registrant’s common stock, par value $0.0001 per share, outstanding. TABLE OF CONTENTS Part I - Financial Information Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Operations and Comprehensive LossCondensed Consolidated Statements of Changes in Stockholders’ DeficitCondensed Consolidated Statements of Cash FlowsNotes to the Condensed Consolidated Financial StatementsNote 1 - Summary of Significant Accounting PoliciesNote 2 - Revenue RecognitionNote 3 - Accounts ReceivableNote 4 - InventoriesNote 5 - Condensed Consolidated Financial Statement DetailsNote 6 - DerivativesNote 7 - Fair Value MeasurementsNote 8 - Net Loss Per ShareNote 9 - Related Party TransactionsNote 10 - Commitments and ContingenciesNote 11 - Segment DisclosuresNote 12 - LiquidityNote 13 - Effective Income Tax RateNote 14 - Subsequent EventsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Part II - Other Information Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures KORE Group Holdings, Inc.Condensed Consolidated Balance Sheets (Unaudited)(In thousands, except share and per share data) ASSETS KORE Group Holdings, Inc.Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)(In thousands, except share and per share data) KORE Group Holdings, Inc.Condensed Consolidated Statements of Changes in Stockholders’ Deficit (Unaudited)(In thousands, except share data) KORE Group Holdings, Inc.Condensed Consolidated Statements of Cash Flows (Unaudited)(In thousands) KORE Group Holdings, Inc.Notes to Condensed Consolidated Financial Statements (Unaudited) NOTE 1 -SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization and Basis of Presentation KORE Group Holdings, Inc. (together with its subsidiaries, “KORE” or the “Company”) provides advanced connectivity services, location-basedservices, device solutions, managed and professional services used in the development and support of the “Internet of Things” (“IoT”) technology forthe business market. The Company’s IoT platform is delivered in partnership with the world’s largest mobile network operators and provides secure,reliable, wireless connectivity to mobile and fixed devices. This technology enables the Company to expand its global technology platform bytransferring capabilities across new and existing vertical markets and delivers complementary products to channel partners and resellers worldwide. The Company is incorporated in the state of Delaware and its operations are primarily located in North America. The condensed consolidatedfinancial statements include the accounts of the Company and its wholly-owned subsidiaries and have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”). All significant intercompany balances and transactions have