KORE Group Holdings, Inc. (NYSE:KORE) Q3 2024 Earnings Conference Call November 19, 2024 5:00 PM ET
Company Participants
Vik Vijayvergiya - Director of Investor Relations
Ron Totton - President and Chief Executive Officer
Paul Holtz - Chief Financial Officer
Conference Call Participants
Lance Vitanza - TD Cowen
Mary Lenox - Morgan Stanley
Operator
Greetings and welcome to the KORE Group Holdings, Inc. Third Quarter 2024 Earnings Conference Call and Webcast. At this time, all participants are in listen-only mode. [Operator Instructions]
A question-and-answer session will follow the formal presentation. [Operator Instructions].
As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your host, Vik Vijayvergiya, Vice President of Investor Relations and Corporate Development. Vik, please go ahead.
Vik Vijayvergiya
Thank you, operator. On today's call, we will refer to the third quarter 2024 earnings presentation, which will be helpful to follow along with as well as the press release filed this afternoon that details the company's third quarter 2024 results. Both of these can be found on our Investor Relations page at ir.korewireless.com. Finally, a recording of the call will be available in the investor section of the company's website later today.
The company encourages you to review the Safe Harbor Statements, risk factors, and other disclaimers contained on this slide and today's press release, as well as the company's filings with the Securities and Exchange Commission, which identify specific risk factors that may cause actual results or events to differ materially from those described in our forward-looking statements. The company does not undertake to publicly update or revise any forward-looking statements after this webcast.
The company also notes that it will be discussing non-GAAP financial information on this call. The company is providing that information as a supplement to information prepared in accordance with accounting principles generally accepted in the United States or US GAAP. You can find a reconciliation of these metrics to the company's reported GAAP results in the reconciliation tables provided in today's earnings, release, and presentation.
I'll now turn the call over to Ron Totton, the company's President and Chief Executive Officer.
Ron Totton
Thank you, Vik, and good afternoon, everyone. Thank you for joining us for our third quarter 2024 earnings call. With me today is Paul Holtz, KORE’s Chief Financial Officer. The overall takeaway is in this year of transition, we have stabilized our financial performance, completed our restructuring, and are showing growth in recurring IoT connectivity revenue. Based on our third quarter results and fourth quarter outlook, we are reaffirming and tightening our previous issued guidance.