$KORE
KORE Group Holdings, Inc. Stock $kore

$kore Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-Q Financial Statement

#000162828023016867 Filed on May 09, 2023

Income Statement

Concept	2023 Q1	2022 Q1
Revenue	$65.98M	$68.94M
YoY Change	-4.3%
Cost Of Revenue	$30.32M	$34.97M
YoY Change	-13.31%
Gross Profit	$35.66M	$33.97M
YoY Change	4.97%
Gross Profit Margin	54.05%	49.27%
Selling, General & Admin	$30.20M	$26.23M
YoY Change	15.14%	858.64%
% of Gross Profit	84.69%	77.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$14.13M	$13.20M
YoY Change	7.04%	0.79%
% of Gross Profit	39.61%	38.85%
Operating Expenses	$44.33M	$39.42M
YoY Change	12.43%	1340.96%
Operating Profit	-$8.667M	-$5.455M
YoY Change	58.88%	779.84%
Interest Expense	$10.20M	-$6.597M
YoY Change	-254.54%	-346.15%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$18.86M	-$13.45M
YoY Change	40.19%	23981.63%
Income Tax	-$400.0K	-$2.545M
% Of Pretax Income
Net Earnings	-$18.49M	-$10.91M
YoY Change	69.52%	908.97%
Net Earnings / Revenue	-28.03%	-15.82%
Basic Earnings Per Share	-$0.24	-$0.16
Diluted Earnings Per Share	-$0.24	-$147.3K
COMMON SHARES
Basic Shares Outstanding	76.52M shares	76.24M
Diluted Shares Outstanding	76.52M shares	74.04M shares

Balance Sheet

Concept	2023 Q1	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$30.60M	$31.91M
YoY Change	-4.12%	1738.75%
Cash & Equivalents	$30.60M	$31.91M
Short-Term Investments
Other Short-Term Assets	$12.63M	$7.661M
YoY Change	64.8%	1123.51%
Inventory	$8.774M	$12.07M
Prepaid Expenses
Receivables	$48.06M	$57.07M
Other Receivables	$424.0K	$1.239M
Total Short-Term Assets	$100.5M	$110.0M
YoY Change	-8.62%	4555.64%
LONG-TERM ASSETS
Property, Plant & Equipment	$21.64M	$21.22M
YoY Change	1.98%
Goodwill	$369.9M	$428.2M
YoY Change	-13.61%	11.57%
Intangibles	$183.3M	$221.9M
YoY Change	-17.4%	-3.09%
Long-Term Investments
YoY Change
Other Assets	$876.0K	$771.0K
YoY Change	13.62%	-70.29%
Total Long-Term Assets	$576.1M	$671.4M
YoY Change	-14.21%	159.07%
TOTAL ASSETS
Total Short-Term Assets	$100.5M	$110.0M
Total Long-Term Assets	$576.1M	$671.4M
Total Assets	$676.5M	$781.4M
YoY Change	-13.42%	198.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$23.26M	$19.90M
YoY Change	16.9%	13567.33%
Accrued Expenses	$15.85M	$13.45M
YoY Change	17.84%	408.22%
Deferred Revenue	$7.732M	$7.020M
YoY Change	10.14%	-8.04%
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$5.370M	$3.206M
YoY Change	67.5%	1.68%
Total Short-Term Liabilities	$55.08M	$44.54M
YoY Change	23.67%	1211.93%
LONG-TERM LIABILITIES
Long-Term Debt	$413.1M	$414.0M
YoY Change	-0.23%
Other Long-Term Liabilities	$11.40M	$11.31M
YoY Change	0.8%	-38.61%
Total Long-Term Liabilities	$424.5M	$425.3M
YoY Change	-0.2%	2208.08%
TOTAL LIABILITIES
Total Short-Term Liabilities	$55.08M	$44.54M
Total Long-Term Liabilities	$424.5M	$425.3M
Total Liabilities	$511.8M	$506.3M
YoY Change	1.09%	2220.11%
SHAREHOLDERS EQUITY
Retained Earnings	-$266.7M	-$153.6M
YoY Change	73.64%	28.48%
Common Stock	$8.000K	$8.000K
YoY Change	0.0%	166.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$164.7M	$275.1M
YoY Change
Total Liabilities & Shareholders Equity	$676.5M	$781.4M
YoY Change	-13.42%	198.77%

Cashflow Statement

Concept	2023 Q1	2022 Q1
OPERATING ACTIVITIES
Net Income	-$18.49M	-$10.91M
YoY Change	69.52%	908.97%
Depreciation, Depletion And Amortization	$14.13M	$13.20M
YoY Change	7.04%	0.79%
Cash From Operating Activities	$1.912M	-$3.980M
YoY Change	-148.04%	1886.13%
INVESTING ACTIVITIES
Capital Expenditures	$1.025M	-$3.425M
YoY Change	-129.93%
Acquisitions	$0.00	$45.08M
YoY Change	-100.0%
Other Investing Activities	$0.00	-$45.08M
YoY Change	-100.0%
Cash From Investing Activities	-$4.839M	-$48.50M
YoY Change	-90.02%	1469.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$1.324M	-1.550M
YoY Change	-14.58%	-108.47%
NET CHANGE
Cash From Operating Activities	$1.912M	-3.980M
Cash From Investing Activities	-$4.839M	-48.50M
Cash From Financing Activities	-$1.324M	-1.550M
Net Change In Cash	-$4.049M	-54.03M
YoY Change	-92.51%	26863.92%
FREE CASH FLOW
Cash From Operating Activities	$1.912M	-$3.980M
Capital Expenditures	$1.025M	-$3.425M
Free Cash Flow	$887.0K	-$555.0K
YoY Change	-259.82%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001855457
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-40856
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	KORE Group Holdings, Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	86-3078783
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	3 Ravinia Drive NE
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 500
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Atlanta
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	GA
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	30346
CY2023Q1	dei	City Area Code CityAreaCode	877
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	710-5673
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	76538821	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30600000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	34645000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	48055000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	44538000	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	8774000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	10051000	usd
CY2023Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	424000	usd
CY2022Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	502000	usd
CY2023Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	12625000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	13484000	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	100478000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	103220000	usd
CY2023Q1	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	361000	usd
CY2022Q4	us-gaap	Restricted Cash Noncurrent RestrictedCashNoncurrent	362000	usd
CY2023Q1	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	12137000	usd
CY2022Q4	us-gaap	Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization	11899000	usd
CY2023Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	183252000	usd
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	192504000	usd
CY2023Q1	us-gaap	Goodwill Goodwill	369870000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	369706000	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	9501000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	10019000	usd
CY2023Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	54000	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	55000	usd
CY2023Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	876000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	971000	usd
CY2023Q1	us-gaap	Assets Assets	676529000	usd
CY2022Q4	us-gaap	Assets Assets	688736000	usd
CY2023Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	23264000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	17835000	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	15850000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	15793000	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1649000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1811000	usd
CY2023Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	1212000	usd
CY2022Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	207000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	7732000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	7817000	usd
CY2023Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	5370000	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	5345000	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	55077000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	48808000	usd
CY2023Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	23272000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	25248000	usd
CY2023Q1	kore	Warrant Liability WarrantLiability	30000	usd
CY2022Q4	kore	Warrant Liability WarrantLiability	33000	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	8961000	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	9275000	usd
CY2023Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	413090000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	413910000	usd
CY2023Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11404000	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	10790000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	511834000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	508064000	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	315000000	shares
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	315000000	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	76552595	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	76552595	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	76292241	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	76292241	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	8000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	8000	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	437677000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	435292000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6262000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6390000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-266728000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-248238000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	164695000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	180672000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	676529000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	688736000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	65975000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	68978000	usd
CY2023Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	30317000	usd
CY2022Q1	us-gaap	Cost Of Goods And Service Excluding Depreciation Depletion And Amortization CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization	35273000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	30200000	usd
CY2022Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	27717000	usd
CY2023Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	14125000	usd
CY2022Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	13175000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	44325000	usd
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	40892000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-8667000	usd
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-7187000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	10195000	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	6624000	usd
CY2023Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-3000	usd
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-27000	usd
CY2023Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-18859000	usd
CY2022Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-13784000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-369000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2212000	usd
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CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-11572000	usd
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CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.16
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.24
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CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	74040261	shares
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CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	74040261	shares
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-18490000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-11572000	usd
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CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-18362000	usd
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CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	180672000	usd
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CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	2570000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	185000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-18490000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	164695000	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	256208000	usd
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CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	625000	usd
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CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	587000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1994000	usd
CY2022Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-3296000	usd
CY2023Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	395000	usd
CY2022Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	3000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2570000	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2050000	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-129000	usd
CY2022Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	55000	usd
CY2023Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-3000	usd
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-27000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3227000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2635000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1302000	usd
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-4994000	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-926000	usd
CY2022Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1591000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	5589000	usd
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-8511000	usd
CY2023Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-108000	usd
CY2022Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	132000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	1079000	usd
CY2022Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-213000	usd
CY2023Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-496000	usd
CY2022Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-894000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1912000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3980000	usd
CY2023Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	3814000	usd
CY2022Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	2790000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1025000	usd
CY2022Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	635000	usd
CY2023Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2022Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	45078000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4839000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-48503000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	788000	usd
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	788000	usd
CY2023Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	536000	usd
CY2022Q1	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	118000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	11357000	usd
CY2023Q1	kore	Reverse Recapitalization Transaction Costs ReverseRecapitalizationTransactionCosts	0	usd
CY2022Q1	kore	Reverse Recapitalization Transaction Costs ReverseRecapitalizationTransactionCosts	126000	usd
CY2023Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	usd
CY2022Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	452000	usd
CY2023Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0	usd
CY2022Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	66000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1324000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1550000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	202000	usd
CY2022Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-26000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4049000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-54059000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	35007000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	86343000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30961000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	32284000	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	7717000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	45000	usd
CY2022Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	317000	usd
CY2023Q1	us-gaap	Stock Issued1 StockIssued1	0	usd
CY2022Q1	us-gaap	Stock Issued1 StockIssued1	23295000	usd
CY2023Q1	kore	Accounting Standard Update Adoption Effect AccountingStandardUpdateAdoptionEffect	0	usd
CY2022Q1	kore	Accounting Standard Update Adoption Effect AccountingStandardUpdateAdoptionEffect	15163000	usd
CY2023Q1	kore	Right Of Use Asset Obtained In Exchange For Operating Lease Liability Upon Accounting Standard Adoption RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityUponAccountingStandardAdoption	0	usd
CY2022Q1	kore	Right Of Use Asset Obtained In Exchange For Operating Lease Liability Upon Accounting Standard Adoption RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityUponAccountingStandardAdoption	9604000	usd
CY2023Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	usd
CY2022Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	420000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	65975000	usd
CY2022Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	68978000	usd
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.16
CY2023Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	48483000	usd
CY2022Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	45097000	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	428000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	559000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	48055000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	44538000	usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.020
CY2022Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.160
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-400000	usd
CY2022Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-2200000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-18490000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-11572000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	76524735	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	74040261	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	76524735	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	74040261	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.24
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.16
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.24

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
kore-20230331_cal.xml	Edgar Link	unprocessable
0001628280-23-016867-index-headers.html	Edgar Link	pending
0001628280-23-016867-index.html	Edgar Link	pending
0001628280-23-016867.txt	Edgar Link	pending
0001628280-23-016867-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
kore-10xq2023xex311xceocer.htm	Edgar Link	pending
kore-10xq2023xex312cfocert.htm	Edgar Link	pending
kore-10xq2023xex321xceocer.htm	Edgar Link	pending
kore-10xq2023xex322xcfocer.htm	Edgar Link	pending
kore-20230331.htm	Edgar Link	pending
kore-20230331.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
kore-20230331_def.xml	Edgar Link	unprocessable
kore-20230331_pre.xml	Edgar Link	unprocessable
kore-20230331_lab.xml	Edgar Link	unprocessable
kore-20230331_htm.xml	Edgar Link	completed
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$KORE
KORE Group Holdings, Inc. Stock $kore

2023 Q1 Form 10-Q Financial Statement

#000162828023016867 Filed on May 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KORE KORE Group Holdings, Inc. Stock $kore

2023 Q1 Form 10-Q Financial Statement

#000162828023016867 Filed on May 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KORE
KORE Group Holdings, Inc. Stock $kore