KORE Maintains 2023 Revenue Guidance Of $300M-$310M (Consensus $299.15M), Adjusted EBITDA Guidance Of $60M-$62M
Portfolio Pulse from Benzinga Newsdesk
KORE has maintained its 2023 revenue guidance of $300M-$310M and adjusted EBITDA guidance of $60M-$62M, despite order delays from some IoT Solutions customers and increased focus on expense management due to economic uncertainty.
August 09, 2023 | 10:00 pm
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POSITIVE IMPACT
KORE's decision to maintain its 2023 revenue and EBITDA guidance despite challenges could be seen as a positive sign by investors.
KORE's decision to maintain its 2023 revenue and EBITDA guidance despite order delays and increased focus on expense management by its customers indicates the company's confidence in its financial stability and future performance. This could potentially have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100