BRIEF-Kore Group Holdings-Co’S Previously Issued QTRLY Financial Statements On Form 10-Q For Quarter Ended June 30 Should No Longer Be Relied Upon

Reuters

2024-11-13

Nov 12 (Reuters) - KORE Group Holdings Inc :

* KORE GROUP HOLDINGS-CO’S PREVIOUSLY ISSUED QTRLY FINANCIAL STATEMENTS ON FORM 10-Q FOR QUARTER ENDED JUNE 30 SHOULD NO LONGER BE RELIED UPON

* KORE GROUP HOLDINGS INC -CO’S GOODWILL IMPAIRMENT EXPENSE WAS MATERIALLY MISSTATED IN THE SECOND QUARTER OF 2024

* KORE GROUP HOLDINGS-ESTIMATED IMPACT OF RESTATEMENT OF CO’S CONSOLIDATED STATEMENTS OF OPERATIONS IS EXPECTED TO INCREASE NET LOSS BY ABOUT $19 MILLION

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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