Financial Snapshot

Revenue
$285.2M
TTM
Gross Margin
54.57%
TTM
Net Earnings
-$135.0M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
129.51%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$77.24M
Q3 2024
Cash
Q3 2024
P/E
-0.1814
Nov 29, 2024 EST
Free Cash Flow
-$14.52M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $276.6M $268.4M $248.2M $0.00
YoY Change 3.04% 8.15%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $276.6M $268.4M $248.2M $0.00
Cost Of Revenue $128.6M $129.2M $122.2M
Gross Profit $148.0M $139.3M $126.0M
Gross Profit Margin 53.52% 51.89% 50.76%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $130.2M $112.2M $91.73M $673.0K
YoY Change 16.01% 22.33% 13531.07%
% of Gross Profit 87.94% 80.56% 72.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.36M $54.50M $50.41M
YoY Change 7.09% 8.1%
% of Gross Profit 39.42% 39.13% 40.01%
Operating Expenses $188.6M $224.8M $142.1M $673.0K
YoY Change -16.12% 58.14% 21022.34%
Operating Profit -$40.50M -$85.50M -$16.15M
YoY Change -52.63% 429.28%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$43.42M $31.37M -$17.99M -$3.775M
YoY Change -238.4% -274.35% 376.67%
% of Operating Profit
Other Income/Expense, Net -$6.436M -$446.3K
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income -$171.2M -$116.6M -$34.15M -$4.894M
YoY Change 46.81% 241.51% 597.73%
Income Tax -$4.158M -$10.42M -$9.694M
% Of Pretax Income
Net Earnings -$167.0M -$106.2M -$24.45M -$4.894M
YoY Change 57.29% 334.3% 399.65%
Net Earnings / Revenue -60.39% -39.56% -9.85%
Basic Earnings Per Share -$1.99 -$1.40 -$1.04
Diluted Earnings Per Share -$1.99 -$1.40 -$583.1K -$149.5K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $29.20M $34.65M $85.98M $1.936M
YoY Change -15.72% -59.7% 4340.86%
Cash & Equivalents $27.14M $34.65M $85.98M
Short-Term Investments
Other Short-Term Assets $10.05M $13.48M $7.448M $725.7K
YoY Change -25.5% 81.04% 926.36%
Inventory $8.215M $10.05M $15.47M
Prepaid Expenses
Receivables $52.41M $44.54M $51.30M
Other Receivables $2.115M $502.0K $954.0K
Total Short-Term Assets $102.0M $103.2M $161.2M $2.662M
YoY Change -1.19% -35.95% 5954.5%
Property, Plant & Equipment $20.32M $21.92M $12.24M
YoY Change -7.28% 79.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $259.2M
YoY Change
Other Assets $2.113M $1.388M $774.0K
YoY Change 52.23% 79.33%
Total Long-Term Assets $485.0M $585.5M $598.5M $259.2M
YoY Change -17.17% -2.16% 130.91%
Total Assets $587.0M $688.7M $759.6M $261.8M
YoY Change
Accounts Payable $23.98M $17.84M $16.00M $67.23K
YoY Change 34.47% 11.44% 23704.85%
Accrued Expenses $26.68M $17.49M $21.31M $724.1K
YoY Change 52.53% -17.93% 2843.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $167.4K
YoY Change -100.0%
Long-Term Debt Due $2.517M $5.460M $3.517M
YoY Change -53.9% 55.25%
Total Short-Term Liabilities $74.50M $48.81M $48.19M $958.7K
YoY Change 52.64% 1.29% 4926.18%
Long-Term Debt $437.7M $414.0M $399.4M $0.00
YoY Change 5.72% 3.67%
Other Long-Term Liabilities $23.99M $19.96M $3.170M $21.10M
YoY Change 20.19% 529.75% -84.98%
Total Long-Term Liabilities $461.7M $434.0M $402.5M $21.10M
YoY Change 6.38% 7.81% 1807.66%
Total Liabilities $550.0M $508.1M $487.5M $22.06M
YoY Change 8.26% 4.23% 2109.65%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 83.81M shares 75.71M shares 41.93M shares
Diluted Shares Outstanding 83.81M shares 75.71M shares 41.93M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $24.492 Million

About KORE Group Holdings, Inc.

KORE Group Holdings Inc is a US-based company operating in Wireless Telecommunication Services industry. The company is headquartered in Atlanta, Georgia and currently employs 600 full-time employees. The company went IPO on 2020-12-11. KORE Group Holdings, Inc. is a global pure-play Internet of Things (IoT) hyperscaler and provider of IoT connectivity, solutions, and analytics. The firm is a global independent IoT enabler, delivering critical services globally to customers to deploy, manage, and scale their IoT application and use cases. The company provides advanced connectivity services, location-based services, device solutions, and managed and professional services used in the development and support of IoT solutions and applications. The company provides connectivity and IoT solutions to enterprise customers across five industry verticals, comprised of connected health, fleet management, asset monitoring, retail communications services and industrial IoT. The firm has built a platform to serve its clients in three areas: connectivity-as-a-service (CaaS), IoT managed services/solutions, and analytics, which the Company refers to as CSA, or connectivity, solutions, and analytics.

Industry: Communications Services, NEC Peers: Aerkomm Inc. KonaTel, Inc. Gogo Inc. SurgePays, Inc. T-Mobile US, Inc. SHENANDOAH TELECOMMUNICATIONS CO/VA/ Spok Holdings, Inc TELEPHONE & DATA SYSTEMS INC /DE/ UNITED STATES CELLULAR CORP