Private company

KORE Wireless

Logo: KORE Wireless (US Company), Public domain, via Wikimedia Commons4

American telecommunications company

KORE Wireless is a privately-owned company that provides IoT connectivity, managed services, and related solutions. The company supports applications across sectors including healthcare, logistics, fleet, utilities, and industrial automation, with more than 20 million active connections reported worldwide. KORE operates as a global mobile virtual network operator (MVNO), offering multi-carrier connectivity in over 200 countries and territories.3 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2003Founded1
  • Industrytelecommunications industry1
  • HeadquartersAlpharetta1
  • Websitewww.koretelematics.com
  • Incorporated inDE5
  • Business address1155 Perimeter Center West, 11Th Floor, Atlanta, Ga 303465
  • Filer categoryNon-accelerated filer, Smaller reporting company5

KORE Wireless is a privately-owned company that provides IoT connectivity, managed services, and related solutions. The company supports applications across sectors including healthcare, logistics, fleet, utilities, and industrial automation, with more than 20 million active connections reported worldwide.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-4.4%Operating margin8
-22.0%Net margin8
-0.0%Revenue growth, 20258
$15.8MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs99¢$284.4M
  • Income tax1¢$1.6M

Out of $285.9M in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending14¢$2.7M
  • Kept or used elsewhere86¢$15.8M

Out of $18.5M of cash from operations.8

Financial statements

Revenue91011128$285.9M in 2025+69% since 2019
0$100.0M$200.0M$300.0M2019: $169.2M$169.2M20192020: $213.8M$213.8M2020+26%2021: $248.4M$248.4M2021+16%2022: $268.4M$268.4M2022+8%2023: $276.6M$276.6M2023+3%2024: $286.1M$286.1M2024+3%2025: $285.9M$285.9M2025−0%
Operating income91011128-$12.5M in 2025+6% since 2019
-$150.0M-$100.0M-$50.0M02019: -$11.8M-$11.8M20192020: -$9.5M-$9.5M2020−19%2021: -$15.6M-$15.6M2021+63%2022: -$85.4M-$85.4M2022+449%2023: -$118.8M-$118.8M2023+39%2024: -$102.8M-$102.8M2024−13%2025: -$12.5M-$12.5M2025−88%
Net income91011128-$63.0M in 2025+169% since 2019
-$200.0M-$150.0M-$100.0M-$50.0M02019: -$23.4M-$23.4M20192020: -$35.2M-$35.2M2020+50%2021: -$24.8M-$24.8M2021−30%2022: -$106.2M-$106.2M2022+329%2023: -$167.0M-$167.0M2023+57%2024: -$146.1M-$146.1M2024−13%2025: -$63.0M-$63.0M2025−57%
Fiscal year2019202020212022202320242025
Revenue$169.2M9$213.8M9$248.4M10$268.4M11$276.6M12$286.1M8$285.9M8
Selling, general and admin$65.3M9$72.9M9$92.3M10$112.2M10
Operating expenses$142.6M10$224.7M11$266.8M12$262.7M8$170.4M8
Operating income-$11.8M9-$9.5M9-$15.6M10-$85.4M11-$118.8M12-$102.8M8-$12.5M8
Interest$24.8M9$23.5M9$23.3M10$31.4M10
Income before tax-$33.6M10-$116.6M10
Income tax-$12.9M9-$5.3M9-$8.8M10-$10.4M11-$4.2M12-$5.9M8-$1.6M8
Net income-$23.4M9-$35.2M9-$24.8M10-$106.2M11-$167.0M12-$146.1M8-$63.0M8
Earnings per share-$1.459-$1.969-$1.0410-$1.4011-$9.9712-$7.598-$3.198
Earnings per share (diluted)-$1.459-$1.969-$1.0410-$1.4011-$9.9712-$7.598-$3.198
Shares (weighted, basic)41.9M shares1075.7M shares1116.8M shares1219.2M shares819.7M shares8
Shares (weighted, diluted)41.9M shares1075.7M shares1116.8M shares1219.2M shares819.7M shares8

Compare KORE Wireless with another company

Corporate structure

KORE Wireless sits at the top of its group. 27 entities, 12 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of KORE Wireless

  • KORE Wireless Alpharetta
    • Aspider Holding B.V. Subsidiary · Netherlands
    • Aspider Solutions Global Holdings Ltd. Subsidiary · Malta
    • Aspider Solutions International Holdings Ltd. Subsidiary · Malta
    • Aspider Solutions Ireland Ltd. Subsidiary · Ireland
    • Aspider Solutions Malta Ltd. Subsidiary · Malta
    • Aspider Solutions Nederland B.V. Subsidiary · Netherlands
    • Business Mobility Partners, Inc. Subsidiary · Delaware, United States
    • INDICO Holdings LLC Subsidiary · Delaware, United States
    • Indico Individual and Organizational Development S.R.L Subsidiary · Dominican Republic
    • Integron B.V. Subsidiary · Netherlands
    • King LLC Merger Sub, LLC Subsidiary · Delaware, United States
    • KORE Brasil Ltda Subsidiary · Brazil
    • KORE Singapore Pte.Ltd. Subsidiary · Singapore
    • KORE TM Data Processamento De Dados LTDA Subsidiary · Brazil
    • KORE Wireless Canada Inc. Subsidiary · Canada
    • KORE Wireless Group Inc. Subsidiary · Delaware, United States
    • KORE Wireless Mexico S. de R.L. de C.V. Subsidiary · Mexico
    • KORE Wireless Nederland B.V. Subsidiary · Netherlands
    • KORE Wireless UK Ltd. Subsidiary · United Kingdom
    • Nest Generation Innovation BVBA Subsidiary · Belgium
    • Next Generation Innovation Ltd. Subsidiary · New Zealand
    • NGA Holding B.V. Subsidiary · Netherlands
    • Position Logic, LLC Subsidiary · Florida, United States
    • Simon IoT LLC Subsidiary · New York, United States
    • Wyless Connect, LLC Subsidiary · Massachusetts, United States
    • and 1 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What KORE Wireless reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$6.7M8 Dec 31, 2025$9.1M8 Dec 31, 2024−25.5%
Finance-lease assets$08 Dec 31, 2025$23.0K8 Dec 31, 2024−100.0%
Operating-lease assets (leased space)$1.5M8 Dec 31, 2025$8.4M8 Dec 31, 2024−82.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$26.7M8 Dec 31, 2025$19.4M8 Dec 31, 2024+37.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$228.8M8 Dec 31, 2025$228.8M8 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$83.0M8 Dec 31, 2025$125.1M8 Dec 31, 2024−33.6%
Finite-lived intangibles, gross$570.6M8 Dec 31, 2025$566.9M8 Dec 31, 2024+0.6%
Accumulated amortization$487.6M8 Dec 31, 2025$441.9M8 Dec 31, 2024+10.3%
Finite-lived intangibles, net$83.0M8 Dec 31, 2025$125.1M8 Dec 31, 2024−33.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.2M8 Dec 31, 2025$6.7M8 Dec 31, 2024−52.4%

Properties, in its own words

Our corporate headquarters is located in Atlanta Georgia, where we lease office space under a flexible workspace arrangement. We also lease other properties throughout North America and in various locations outside North America. We do not own any of our facilities.

Item 2 of the 10-K filed Mar 31, 2026.16

The story

KORE was founded in 2003.

Early in its history, KORE established connectivity partnerships with Rogers in Canada and AT&T in the U.S., providing LTE-M and other IoT services across both markets.

Wireless Matrix Corp selected KORE to provide the platform for fleet management across North America.

In 2010, Geotab selected KORE to enable it to expand its European telematics and fleet management products. KORE signed an agreement with both Vodafone and Iridium Communications to expand its MVNO M2M service to more than 180 countries in March 2011.

After launching the M2M consulting company KORE Systems, the company acquired all assets of nPhase from Verizon Wireless.

In May 2013, KORE became a founding member of the International M2M Council, with KORE's then COO Alex Brisbourne joining the council's board of governors. In November 2013, Inmarsat appointed KORE as its M2M distribution partner.

In March 2014, KORE acquired Jazz Wireless Data.

In November 2014, KORE announced that ABRY Partners would invest in the company and that KORE would acquire RacoWireless.

Read the full text

In April 2016, KORE acquired Wyless Group.

In December 2018, KORE announced its acquisition of Aspider.

In December 2019, KORE announced its acquisition of Integron, an IoT solutions and managed services provider.

In October 2021, KORE became a public company on the New York Stock Exchange after a merger with Cerberus Telecom Acquisition Corp., trading under the ticker symbol KORE.

In February 2022, KORE acquired Business Mobility Partners and SIMON IoT.

In June 2023, KORE acquired the IoT business unit from Twilio.

From Wikipedia’s article on KORE Wireless, shared under CC BY-SA 4.0.6

Leadership

Who has led KORE Wireless, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (24)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Aspider Holding B.V. Netherlands7
  • Aspider Solutions Global Holdings Ltd. Malta7
  • Aspider Solutions International Holdings Ltd. Malta7
  • Aspider Solutions Ireland Ltd. Ireland7
  • Aspider Solutions Malta Ltd. Malta7
  • Aspider Solutions Nederland B.V. Netherlands7
  • Business Mobility Partners, Inc. Delaware7
  • INDICO Holdings LLC Delaware7
  • Indico Individual and Organizational Development S.R.L Dominican Republic7
  • Integron B.V. Netherlands7
  • Integron LLC Delaware7
  • KORE Brasil Ltda Brazil7
  • KORE Singapore Pte.Ltd. Singapore7
  • KORE TM Data Processamento De Dados LTDA Brazil7
  • KORE Wireless Canada Inc. Canada7
  • KORE Wireless GmbH Germany7
  • KORE Wireless Group Inc. Delaware7
  • KORE Wireless Inc. Delaware7
  • KORE Wireless Mexico S. de R.L. de C.V. Mexico7
  • KORE Wireless Nederland B.V. Netherlands7
  • KORE Wireless Pty Ltd. Australia7
  • KORE Wireless UK Ltd. United Kingdom7
  • King LLC Merger Sub, LLC Delaware7
  • NGA Holding B.V. Netherlands7
All 30 listed subsidiaries
  • Nest Generation Innovation BVBA Belgium7
  • Next Generation Innovation Ltd. New Zealand7
  • Position Logic, LLC Florida7
  • Simon IoT LLC New York7
  • Wyless Connect, LLC Massachusetts7
  • Wyless, Inc. Delaware7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • King Pubco, Inc.Apr 8, 2021 to Sep 30, 20215

Timeline

  1. Jul 21, 20268-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale47
  2. Jul 9, 20268-K Other events48
  3. May 11, 20268-K Results of operations49
  4. Mar 31, 20268-K Results of operations50
  5. Mar 20, 20268-K Entered a material agreement51
  6. Mar 13, 20268-K Other events52
  7. Feb 27, 20268-K Entered a material agreement; Other events53
  8. Nov 14, 20258-K Executive or director change54
  9. Nov 12, 20258-K Results of operations55
  10. Nov 5, 20258-K Other events56
  11. Aug 14, 20258-K Results of operations57
  12. Jun 13, 20258-K Shareholder vote58
  13. May 7, 2024New chief executive Ronald Totton becomes CEO17
  14. Sep 30, 2021New chief executive Romil Bahl becomes CEO18
  15. 2003Founded Founded1

Calendar

When it reported results

  1. May 11, 2026Reported quarterly or annual results49
  2. Mar 31, 2026Reported quarterly or annual results50
  3. Nov 12, 2025Reported quarterly or annual results55
  4. Aug 14, 2025Reported quarterly or annual results57
  5. May 15, 2025Reported quarterly or annual results59
  6. Apr 30, 2025Reported quarterly or annual results60
  7. Nov 19, 2024Reported quarterly or annual results61
  8. Aug 15, 2024Reported quarterly or annual results62

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

477 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 70 major events, 186 insider forms, 46 large holders, 153 other. The latest 20:

  1. Sep 8, 2026SCHEDULE 13G/A EDGAR
  2. Sep 3, 2026SCHEDULE 13G EDGAR
  3. Jul 31, 202615-12G EDGAR
  4. Jul 27, 2026SCHEDULE 13D/A EDGAR
  5. Jul 23, 20264 EDGAR
  6. Jul 23, 20264 EDGAR
  7. Jul 23, 20264 EDGAR
  8. Jul 23, 20264 EDGAR
  9. Jul 23, 20264 EDGAR
  10. Jul 23, 20264 EDGAR
  11. Jul 23, 20264 EDGAR
  12. Jul 23, 20264 EDGAR
  13. Jul 23, 20264 EDGAR
  14. Jul 23, 2026SCHEDULE 13G/A EDGAR
  15. Jul 22, 2026EFFECT EDGAR
  16. Jul 22, 2026EFFECT EDGAR
  17. Jul 22, 2026EFFECT EDGAR
  18. Jul 22, 2026EFFECT EDGAR
  19. Jul 21, 2026SCHEDULE 13D/A EDGAR
  20. Jul 21, 20264 EDGAR

The 477 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 32 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2025Totton RonaldPresident & CEOSale5,016$2.43$12.2KForm 4
Feb 9, 2024Winstone Louise PEVP, Chief HR OfficerSale9,184$0.95$8.7KForm 4
Dec 11, 2023TWILIO INC10% ownerSale5,000,000$0.57$2.9MForm 4
Nov 22, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$0.62$6.2KForm 4
Nov 21, 2023Bahl RomilPres., Chief Executive OfficerBuy2,514$0.60$1.5KForm 4
Nov 16, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$0.45$4.5KForm 4
Jun 6, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$1.44$14.4KForm 4
Jun 1, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$1.50$15.0KForm 4
May 26, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$1.52$15.2KForm 4
May 18, 2023MacInnis Robert PDirectorBuy54,500$1.64$89.4KForm 4
May 18, 2023Yosef-Or TomerDirectorBuy15,000$1.62$24.3KForm 4
May 17, 2023Yosef-Or TomerDirectorBuy592$1.34$793Form 4
May 17, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$1.46$14.6KForm 4
May 16, 2023Yosef-Or TomerDirectorBuy10,000$1.35$13.5KForm 4
May 16, 2023Kennedy Jack William Jr.EVP, Chief Legal Officer & SecBuy2,000$1.37$2.7KForm 4
May 15, 2023MacInnis Robert PDirectorBuy11,755$1.14$13.4KForm 4
May 12, 2023Bahl RomilPres., Chief Executive OfficerBuy10,000$1.14$11.4KForm 4
May 12, 2023Yosef-Or TomerDirectorBuy24,671$1.13$27.9KForm 4
May 12, 2023MacInnis Robert PDirectorBuy38,245$1.35$51.6KForm 4
Dec 21, 2022Kennedy Jack William Jr.EVP, Chief Legal Officer & SecBuy6,250$1.62$10.1KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Ronald Totton53$466.7K$1.6M80
2024Jason Dietrich$387.0K$823.8K80
2024Romil Bahl$244.2K$594.0K80
2024Bryan Lubel$320.6K$575.5K80
2024Jack W. Kennedy Jr.49$348.4K$549.7K80
2023Former President and Chief Executive Officer$750.0K$3.8M80
2023Former Executive VicePresident and Chief Revenue Officer$223.1K$968.7K80
2023Former Executive Vice President and General ManagerGlobal Industries$400.0K$794.9K80

SEC filer profile

How KORE Wireless is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKORE Group Holdings, Inc.2
  • CIK0001855457
  • Employer ID (EIN)86-307878316
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company16
  • Incorporated inDelaware16
  • Fiscal year endsDecember 312
  • Industry code (SIC)4899 Communications Services, NEC2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address1155 Perimeter Center West, 11Th Floor, Atlanta, GA 303462
  • Phone877-710-56732
  • Shares outstanding17,587,851 as of May 6, 202615
  • Public float$13.8M as of Jun 30, 202516
  • AuditorBDO USA, P.C., Atlanta, Georgia PCAOB ID 243; no auditor attestation of internal control over financial reporting16
  • On EDGAR sinceApr 8, 20212
  • Filings511 in all: 4 (163), 424B3 (71), 8-K (70), 3 (31), EFFECT (16), SC 13G/A (16), 10-Q (15), DEFA14A (15)2
    All 45 form types

    CORRESP (12), SCHEDULE 13D/A (12), POS AM (11), SC 13G (9), UPLOAD (8), 10-K (5), DEF 14A (4), S-4/A (4), NT 10-K (3), S-1 (3), S-8 (3), S-8 POS (3), SC 13E3/A (3), SCHEDULE 13G/A (3), 10-K/A (2), 25-NSE (2), 4/A (2), ARS (2), NT 10-Q (2), S-1/A (2), SC 13D (2), SCHEDULE 13G (2), 10-Q/A (1), 15-12G (1), 425 (1), 8-A12B (1), 8-K/A (1), CERT (1), DEFM14A (1), PRE 14A (1), PREM14A (1), PRER14A (1), S-3 (1), S-4 (1), SC 13D/A (1), SC 13E3 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) May 11, 2026
    Proxy statement (DEF 14A) Apr 30, 2025
    Latest 8-K (8-K) Jul 21, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.0001 par value per shareKORENew York Stock Exchange

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).16

Risk factors and legal proceedings

The risks KORE Wireless names in Item 1A of its 10-K filed Mar 31, 2026: 55 risks under these headings, as written.16

  • Risks Related to the Proposed Merger
  • The proposed Merger is subject to the satisfaction of certain closing conditions, including government consents and approvals, some or all of which may not be satisfied or completed within the expected timeframe, if at all.
  • We may not complete the proposed Merger within the timeframe we anticipate or at all, which could have an adverse effect on our business, financial results and/or operations.
  • We will be subject to various uncertainties while the Merger is pending that may cause disruption and may make it more difficult to maintain relationships with customers and other third-party business partners.
  • We have incurred, and will continue to incur, direct and indirect costs as a result of the Merger.
  • Litigation challenging the Merger Agreement may prevent the Merger from being consummated within the expected timeframe or at all.
  • If the Merger is completed, our stockholders will forgo the opportunity to benefit from potential future appreciation in the value of the Company.
  • If the Merger is not consummated on or before August 26, 2026, as such date may be automatically extended pursuant to the terms of the Merger Agreement, either the Company or KONA Parent may terminate the Merger Agreement.
  • Risks Related to Our Business and Industry
  • Our actual operating results may differ significantly from any guidance provided.
  • Our quarterly results of operations have fluctuated and are likely to continue to fluctuate. As a result, we may fail to meet the expectations of investors or securities analysts, potentially causing our stock price to decline.
  • We have a history of operating losses and may not be able to achieve or sustain profitability in the future.
The other 45 risks
  • We have historically grown by acquisition. Investment in new business strategies and acquisitions could result in operating difficulties, dilution of our common stock, and other consequences that could harm our business, financial condition, and operating results.
  • As a public company, we must maintain internal control over financial reporting. We have identified material weaknesses in our internal control over financial reporting. If remediation of such material weaknesses is not effective, or if we fail to develop and maintain proper and effective internal control over financial reporting and disclosure controls and procedures, our ability to produce timely and accurate financial statements, comply with applicable laws and regulations, or access the capital markets could be impaired.
  • Our senior management team may have limited experience with the complexities of managing a publicly traded company.
  • Our liabilities exceed our assets, which may have a material adverse effect on our ability to raise further equity capital, refinance our debt on favorable terms or at all, or issue new debt.
  • Risks Related to Our Products and Technology
  • The 5G market may take longer to materialize than we expect or, if it does materialize rapidly, we may not be able to meet the development schedule and other customer demands.
  • Our growth depends in part on our ability to extend our technologies and products into new and expanded areas, including 5G. Our development and investments in these new technologies may not generate operating income or contribute to future results of operations that meet our expectations.
  • If we are unable to support customers with low latency and/or high throughput IoT use cases, our revenue growth and profitability will be harmed.
  • Our products are highly technical and may contain undetected errors, product defects, security vulnerabilities, or software errors.
  • If there are interruptions, outages, or performance degradation problems associated with the network infrastructure used to provide our services, customers may experience service outages, which may impact our reputation and future sales.
  • Our internal and customer-facing systems, and systems of third parties we rely upon, may be subject to cybersecurity breaches, disruptions, ransom attacks or delays.
  • We may become involved in litigation that could materially adversely affect our business, financial condition, results of operations, and prospects.
  • Risks Related to Customers and Demand for Our Solutions
  • Our inability to adapt to rapid technological change in our markets could impair our ability to remain competitive and adversely affect the results of operations.
  • We may not be able to retain and increase sales to our existing customers, which could negatively impact our financial results.
  • The marketability of our products may suffer if wireless telecommunications operators do not deliver acceptable wireless services.
  • Reduction in regulation in certain markets may adversely impact demand for certain of our solutions by reducing the necessity for, or desirability of, our solutions.
  • Risks Related to Our Intellectual Property
  • We are dependent on proprietary technology, and protection of our interests in such could result in litigation that could divert significant valuable resources.
  • If we are unable to protect our intellectual property and proprietary rights, our competitive position and our business could be harmed.
  • An assertion by a third-party that we are infringing on its intellectual property could subject us to costly and time-consuming litigation or expensive licenses and our business could be harmed.
  • Risks Related to Competition
  • The market for the products and services that we offer is rapidly evolving and highly competitive. We may be unable to compete effectively.
  • We depend upon the continuing contributions of our senior management team and other key personnel. We may not be able to maintain and expand our business if we lose members of our senior management team or other key personnel or are not able to hire, retain, and manage additional qualified personnel.
  • We face risks related to the restatement of our previously issued unaudited condensed consolidated financial statements and financial information for the interim financial period for the second quarter of 2024, which may adversely impact our business.
  • Risks Related to Developing and Delivering Our Solutions
  • We are dependent on telecommunications carriers to provide our IoT Connectivity Services and a disruption in one or more of these relationships could significantly adversely impact our business.
  • We are dependent on a limited number of suppliers for certain critical components of our solutions; a disruption in our supply chain could adversely affect our revenue and results of operations.
  • Natural disasters, public health emergencies, including epidemics and pandemics, political crises, civil unrest, climate change, other catastrophic events or other events outside of our control could damage our facilities or the facilities of third parties on which we depend and could impact consumer spending.
  • Natural disasters, public health emergencies, including epidemics and pandemics, political crises, civil unrest, climate change, other catastrophic events or other events outside of our control could impair the abilities of our employees to function effectively in their roles, given our mostly-remote workforce.
  • Our solutions integrate with third-party technologies and if our solutions become incompatible with these technologies, our solutions would lose functionality and our customer acquisition and retention could be adversely affected.
  • Any significant disruption in service on our websites or in our computer systems could damage our reputation and result in a loss of customers, harming our business and operating results.
  • Risks Related to Regulatory Compliance
  • We face risks inherent in conducting business internationally, including compliance with international and U.S. laws and regulations that apply to our international operations.
  • Our IoT Connectivity services are within the often-shifting regulatory landscape of the Internet in the United States.
  • We are subject to evolving privacy laws in the United States and other jurisdictions that are subject to potentially differing interpretations and which could adversely impact our business and require that we incur substantial costs.
  • Changes in U.S. and foreign tax rules and regulations, or interpretations thereof, may give rise to potentially adverse tax consequences and adversely affect our financial condition.
  • Taxing authorities may successfully assert that we should have collected or in the future should collect sales and use, value added or similar taxes, and we could be subject to liability with respect to past or future sales, potentially adversely affecting our operating results.
  • Our operations at our properties are subject, or may become subject, to environmental, health and safety regulations, which could impose additional costs and compliance requirements, and we may face claims and liability for breaches, or alleged breaches, of such regulations and other applicable laws.
  • Risks Related to Our Indebtedness
  • We have incurred substantial indebtedness that may decrease our business flexibility, access to capital, and/or increase our borrowing costs, and we may still incur substantially more debt, which may materially and adversely affect our operations and financial results.
  • We may require additional capital to support our business, and this capital might not be available on acceptable terms, if at all.
  • Risks Related to our Securities
  • The price of our securities may be volatile.
  • Future issuances of shares of our common stock or other securities convertible into or exercisable for shares of our common stock could cause the market value of shares of our common stock to decline and could result in dilution of your shares.
  • We have cured our previously disclosed deficiency with the NYSE continued listing standards; however we are subject to continuing compliance monitoring by the NYSE. If we do not continue to meet the NYSE continued listing standards, our common stock may be delisted.
  • Risks Related to Our Corporate Governance
  • Certain significant stockholders of ours have significant influence over us and our Board, and their actions might not be in your best interest as a stockholder.
  • Searchlight, as the holder of all of the outstanding shares of Series A-1 Preferred Stock, has rights that may make potential acquisitions by other parties more difficult or costly.
  • General Risk Factors
  • Downturns in general economic and market conditions and reductions in spending may reduce demand for our platforms and solutions, which could harm our revenue, results of operations and cash flows.
  • The obligations associated with being a public company require significant resources and attention from our senior management team.
  • Future sales of our common stock that are currently restricted from sale by federal securities laws or lock-up agreements may cause the market price of our securities to drop significantly.
  • Future offerings of debt securities, which would rank senior to shares of our common stock upon our bankruptcy or liquidation, and future offerings of equity securities which would dilute the common stock holdings of our existing stockholders and may be senior to shares of our common stock for the purposes of dividend and liquidating distributions, may adversely affect the market price of shares of our common stock.
  • Reports published by analysts, including projections in those reports that differ from our actual results, could adversely affect the price and trading volume of our common stock.

Legal proceedings

From time to time, we are subject to various legal proceedings, lawsuits, disputes and claims arising in the ordinary course of our business. Although the outcome of these and other claims cannot be predicted with certainty, management does not believe that the ultimate resolution of these matters will have a material adverse effect on our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.16

Sources

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