2024 Q2 Form 10-K Financial Statement

#000185545724000015 Filed on April 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $67.87M $72.47M $276.6M
YoY Change -2.4% 15.92% 3.04%
Cost Of Revenue $29.25M $35.53M $128.6M
YoY Change -7.74% 23.64% -0.46%
Gross Profit $38.62M $36.93M $148.0M
YoY Change 2.18% 9.35% 6.28%
Gross Profit Margin 56.91% 50.96% 53.52%
Selling, General & Admin $35.97M $34.32M $130.2M
YoY Change 9.35% 30.3% 16.01%
% of Gross Profit 93.13% 92.92% 87.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.42M $15.27M $58.36M
YoY Change -0.53% 10.48% 7.09%
% of Gross Profit 37.34% 41.34% 39.42%
Operating Expenses $95.77M $49.59M $188.6M
YoY Change 102.04% 23.48% -16.12%
Operating Profit -$57.15M -$12.65M -$40.50M
YoY Change 496.31% 98.26% -52.63%
Interest Expense -$8.587M -$12.20M -$43.42M
YoY Change -182.51% 32.01% -238.4%
% of Operating Profit
Other Income/Expense, Net -$6.450M -$6.436M
YoY Change
Pretax Income -$65.74M -$33.89M -$171.2M
YoY Change 228.68% -54.01% 46.81%
Income Tax -$1.437M -$201.0K -$4.158M
% Of Pretax Income
Net Earnings -$64.30M -$33.69M -$167.0M
YoY Change 229.76% -52.63% 57.29%
Net Earnings / Revenue -94.74% -46.49% -60.39%
Basic Earnings Per Share -$3.36 -$1.99
Diluted Earnings Per Share -$3.36 -$0.37 -$1.99
COMMON SHARES
Basic Shares Outstanding 83.20M shares 86.71M shares 83.81M shares
Diluted Shares Outstanding 19.15M shares 83.81M shares

Balance Sheet

Concept 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.21M $29.20M $29.20M
YoY Change 1.35% -15.72% -15.72%
Cash & Equivalents $22.26M $27.14M $27.14M
Short-Term Investments
Other Short-Term Assets $8.983M $10.05M $10.05M
YoY Change 1263.13% -25.5% -25.5%
Inventory $7.842M $8.215M $8.215M
Prepaid Expenses $7.265M $7.411M
Receivables $46.67M $52.41M $52.41M
Other Receivables $1.510M $2.115M $2.115M
Total Short-Term Assets $88.21M $102.0M $102.0M
YoY Change -0.7% -1.19% -1.19%
LONG-TERM ASSETS
Property, Plant & Equipment $19.51M $20.32M $20.32M
YoY Change -14.79% -7.28% -7.28%
Goodwill $249.3M $295.0M
YoY Change -33.17% -20.21%
Intangibles $148.1M $167.6M
YoY Change -20.04% -12.94%
Long-Term Investments
YoY Change
Other Assets $4.386M $2.113M $2.113M
YoY Change 573.73% 117.61% 52.23%
Total Long-Term Assets $421.6M $485.0M $485.0M
YoY Change -27.62% -17.17% -17.17%
TOTAL ASSETS
Total Short-Term Assets $88.21M $102.0M $102.0M
Total Long-Term Assets $421.6M $485.0M $485.0M
Total Assets $509.8M $587.0M $587.0M
YoY Change -24.06% -14.77% -14.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.38M $23.98M $23.98M
YoY Change -1.01% 34.47% 34.47%
Accrued Expenses $26.71M $26.68M $26.68M
YoY Change 63.13% 68.91% 52.53%
Deferred Revenue $8.531M $9.044M
YoY Change -1.89% 15.7%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.850M $2.517M $2.517M
YoY Change -61.59% -52.91% -53.9%
Total Short-Term Liabilities $64.98M $74.50M $74.50M
YoY Change 20.37% 52.64% 52.64%
LONG-TERM LIABILITIES
Long-Term Debt $295.9M $437.7M $437.7M
YoY Change -28.34% 5.75% 5.72%
Other Long-Term Liabilities $14.94M $23.99M $23.99M
YoY Change 20.56% 122.36% 20.19%
Total Long-Term Liabilities $310.8M $461.7M $461.7M
YoY Change -26.91% 8.72% 6.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $64.98M $74.50M $74.50M
Total Long-Term Liabilities $310.8M $461.7M $461.7M
Total Liabilities $547.6M $550.0M $550.0M
YoY Change 7.75% 8.26% 8.26%
SHAREHOLDERS EQUITY
Retained Earnings -$497.2M -$415.3M
YoY Change 73.7% 67.29%
Common Stock $8.000K $8.000K
YoY Change -11.11% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$37.83M $36.97M $36.97M
YoY Change
Total Liabilities & Shareholders Equity $509.8M $587.0M $587.0M
YoY Change -24.06% -14.77% -14.77%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$64.30M -$33.69M -$167.0M
YoY Change 229.76% -52.63% 57.29%
Depreciation, Depletion And Amortization $14.42M $15.27M $58.36M
YoY Change -0.53% 10.48% 7.09%
Cash From Operating Activities -$10.91M -$6.419M
YoY Change 161.62% -139.25%
INVESTING ACTIVITIES
Capital Expenditures $4.634M $20.23M
YoY Change 1.33% 511.73%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$4.634M -$20.23M
YoY Change 1.33% -67.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $150.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 22.67M 18.91M
YoY Change -2169.86% -502.77%
NET CHANGE
Cash From Operating Activities -10.91M -6.419M
Cash From Investing Activities -4.634M -20.23M
Cash From Financing Activities 22.67M 18.91M
Net Change In Cash 7.119M -7.743M
YoY Change -172.35% -84.92%
FREE CASH FLOW
Cash From Operating Activities -$10.91M -$6.419M
Capital Expenditures $4.634M $20.23M
Free Cash Flow -$15.55M -$26.65M
YoY Change 77.79% -304.22%

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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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16356000 usd
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3307000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Payments To Acquire Intangible Assets
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13238000 usd
CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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46002000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
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185000000 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2023 kore Payments Of Debt Discount
PaymentsOfDebtDiscount
4200000 usd
CY2022 kore Payments Of Debt Discount
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0 usd
CY2023 us-gaap Payments Of Financing Costs
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6853000 usd
CY2022 us-gaap Payments Of Financing Costs
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CY2023 us-gaap Repayments Of Debt
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304847000 usd
CY2022 us-gaap Repayments Of Debt
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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2754000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
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0 usd
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123000 usd
CY2022 us-gaap Finance Lease Principal Payments
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150000 usd
CY2023 kore Proceeds From Refund Of Initial Public Offering
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231000 usd
CY2022 kore Proceeds From Refund Of Initial Public Offering
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0 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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405000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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173000 usd
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-7570000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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35007000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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86343000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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27437000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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35007000 usd
CY2023 us-gaap Interest Paid Net
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35330000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
29199000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5718000 usd
CY2022 us-gaap Income Taxes Paid Net
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2119000 usd
CY2023 us-gaap Stock Issued1
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14700000 usd
CY2022 us-gaap Stock Issued1
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23295000 usd
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PennyWarrantsIssued
5195000 usd
CY2022 kore Penny Warrants Issued
PennyWarrantsIssued
0 usd
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1636000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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3409000 usd
CY2023 kore Accounting Standard Update Adoption Effect
AccountingStandardUpdateAdoptionEffect
0 usd
CY2022 kore Accounting Standard Update Adoption Effect
AccountingStandardUpdateAdoptionEffect
15163000 usd
CY2023 kore Right Of Use Asset Obtained In Exchange For Operating Lease Liability Upon Accounting Standard Adoption
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityUponAccountingStandardAdoption
0 usd
CY2022 kore Right Of Use Asset Obtained In Exchange For Operating Lease Liability Upon Accounting Standard Adoption
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityUponAccountingStandardAdoption
9604000 usd
CY2023 kore Noncash Financing Agreements
NoncashFinancingAgreements
0 usd
CY2022 kore Noncash Financing Agreements
NoncashFinancingAgreements
3621000 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
NATURE OF OPERATIONS<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Organization and Basis of Presentation</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">KORE Group Holdings, Inc. (together with its subsidiaries, “KORE,” or the “Company”) provides advanced connectivity services, location-based services, device solutions, managed and professional services used in the development and support of the “Internet of Things” (“IoT”) technology for the business market. The Company’s IoT platform is delivered in partnership with the world’s largest mobile network operators and provides secure, reliable, wireless connectivity to mobile and fixed devices. This technology enables the Company to expand its global technology platform by transferring capabilities across new and existing vertical markets and delivers complementary products to channel partners and resellers worldwide.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company is incorporated in the state of Delaware and its operations are primarily located in North America. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). All significant intercompany balances and transactions have been eliminated in consolidation.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company’s common stock is traded on the New York Stock Exchange under the ticker symbol “KORE”.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company currently qualifies as an Emerging Growth Company under Section 102(b)(1) of the JOBS Act, which, upon an affirmative election, which the Company has made, allows the Company to adopt new or revised financial accounting standards at the same time as private companies.</span></div>
CY2023 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements requires the Company to make a number of significant estimates. These include estimates of revenue recognition, fair value measurements of assets acquired and liabilities assumed in business combinations, assessments of indicators of impairment regarding various assets including goodwill, calculation of capitalized software costs, accounting for uncertainties in income tax positions, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. Changes in these estimates may occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ from the Company’s estimates and the differences could be material.</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Change in Accounting Estimate — Depreciation of Property and Equipment </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">On January 1, 2024, the Company elected to change its method of depreciation for long-lived assets from the declining balance method to the straight-line method. The Company’s use of the straight-line depreciation method will be effective beginning January 1, 2024, and will be applied prospectively as a change in estimate.</span></div>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Reclassification of Prior Period Presentation</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Certain amounts reported in the prior year in the consolidated balance sheets have been reclassified to conform to the current year’s presentation. For comparative purposes, and to enhance transparency of the Company’s balance sheets, the Company has separately presented in the financial statements transactions with affiliates, and has reclassified certain immaterial amounts in the prior period.</span></div>
CY2023 us-gaap Concentration Risk Credit Risk
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of Credit Risk </span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cash is a financial instrument that is potentially subject to concentrations of credit risk. The Company’s cash is deposited in accounts at large financial institutions, and amounts may, at times, exceed federally insured limits.</span></div>
CY2023 us-gaap Number Of Operating Segments
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1 segment
CY2023 us-gaap Number Of Reportable Segments
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1 segment
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100000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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1800000 usd
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3000 usd
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3000 usd
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0.67
CY2023Q4 kore Revenue Remaining Performance Obligation Variable Consideration
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1400000 usd
CY2022 kore Number Of Major Customers
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1 customer
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51600000 usd
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400000 usd
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38301000 usd
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40513000 usd
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27345000 usd
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28614000 usd
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10956000 usd
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11899000 usd
CY2023 us-gaap Depreciation
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5600000 usd
CY2022 us-gaap Depreciation
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3700000 usd
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 kore Lease Right Of Use Asset
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CY2023Q4 us-gaap Operating Lease Liability Current
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1811000 usd
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11336000 usd
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4120000 usd
CY2022 us-gaap Operating Lease Cost
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3531000 usd
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350000 usd
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CY2022 kore Finance Lease Cost
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0.055
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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2229000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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0 usd
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1832000 usd
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0 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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14480000 usd
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134000 usd
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3588000 usd
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7000 usd
CY2023Q4 us-gaap Operating Lease Liability
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10892000 usd
CY2023Q4 us-gaap Finance Lease Liability
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127000 usd
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P36M
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2640000 usd
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40000 usd
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989000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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988000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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787000 usd
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285000 usd
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384202000 usd
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CY2021Q4 us-gaap Goodwill
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383415000 usd
CY2022 us-gaap Goodwill Acquired During Period
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44859000 usd
CY2022 us-gaap Goodwill Impairment Loss
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58074000 usd
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58074000 usd
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CY2022Q4 us-gaap Goodwill
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369706000 usd
CY2023 us-gaap Goodwill Acquired During Period
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3243000 usd
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78257000 usd
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282000 usd
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CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
432304000 usd
CY2023Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
136331000 usd
CY2023Q4 kore Goodwill Accumulated Foreign Currency Translation Gain Loss
GoodwillAccumulatedForeignCurrencyTranslationGainLoss
-999000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
294974000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
78300000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
58100000 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
561122000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
393535000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
532782000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
340278000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
192504000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
52800000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
50800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
51305000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
47269000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
33273000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
13053000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
10156000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
12531000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
167587000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
305561000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
425408000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2411000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5345000 usd
CY2023Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
800000 usd
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
8500000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2911000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6153000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4130000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
296109000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
413910000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1850000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1850000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1850000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1850000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
297600000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
305000000 usd
CY2023Q2 kore Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Number Of Tranches
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingNumberOfTranches
2 tranche
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
400000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-140821000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-92021000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-30379000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-24596000 usd
CY2023 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-171200000 usd
CY2022 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-116617000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5788000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4309000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
743000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
905000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
723000 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
558000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7254000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
5772000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8580000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-946000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4455000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1886000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2398000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11412000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16189000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4158000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10417000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-35952000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-24490000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2123000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1358000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.012
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
16889000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.099
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
10628000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.091
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-44000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.000
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1687000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.014
CY2023 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
544000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.003
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
604000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.005
CY2023 kore Effective Income Tax Rate Reconciliation Permanent Differences And Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferencesAndOtherAmount
1440000 usd
CY2023 kore Effective Income Tax Rate Reconciliation Permanent Differences And Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesAndOtherPercent
-0.007
CY2022 kore Effective Income Tax Rate Reconciliation Permanent Differences And Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferencesAndOtherAmount
-2712000 usd
CY2022 kore Effective Income Tax Rate Reconciliation Permanent Differences And Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesAndOtherPercent
0.022
CY2023 kore Effective Income Tax Rate Reconciliation Revaluation Of Warrants Amount
EffectiveIncomeTaxRateReconciliationRevaluationOfWarrantsAmount
1352000 usd
CY2023 kore Effective Income Tax Rate Reconciliation Revaluation Of Warrants Percent
EffectiveIncomeTaxRateReconciliationRevaluationOfWarrantsPercent
-0.008
CY2022 kore Effective Income Tax Rate Reconciliation Revaluation Of Warrants Amount
EffectiveIncomeTaxRateReconciliationRevaluationOfWarrantsAmount
-53000 usd
CY2022 kore Effective Income Tax Rate Reconciliation Revaluation Of Warrants Percent
EffectiveIncomeTaxRateReconciliationRevaluationOfWarrantsPercent
0.000
CY2023 kore Effective Income Tax Rate Reconciliation Uncertain Tax Positions Amount
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsAmount
1580000 usd
CY2023 kore Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
-0.009
CY2022 kore Effective Income Tax Rate Reconciliation Uncertain Tax Positions Amount
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsAmount
591000 usd
CY2022 kore Effective Income Tax Rate Reconciliation Uncertain Tax Positions Percent
EffectiveIncomeTaxRateReconciliationUncertainTaxPositionsPercent
-0.005
CY2023 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
148000 usd
CY2023 kore Effective Income Tax Rate Reconciliation Foreign Withholding Tax Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxPercent
-0.001
CY2022 us-gaap Income Tax Reconciliation Tax Settlements Foreign
IncomeTaxReconciliationTaxSettlementsForeign
134000 usd
CY2022 kore Effective Income Tax Rate Reconciliation Foreign Withholding Tax Percent
EffectiveIncomeTaxRateReconciliationForeignWithholdingTaxPercent
-0.001
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-1725000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.010
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2120000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.018
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
634000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.004
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
872000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.007
CY2023 kore Effective Income Tax Rate Reconciliation Transaction Related Expense Amount
EffectiveIncomeTaxRateReconciliationTransactionRelatedExpenseAmount
0 usd
CY2023 kore Effective Income Tax Rate Reconciliation Transaction Related Expense Percent
EffectiveIncomeTaxRateReconciliationTransactionRelatedExpensePercent
0.000
CY2022 kore Effective Income Tax Rate Reconciliation Transaction Related Expense Amount
EffectiveIncomeTaxRateReconciliationTransactionRelatedExpenseAmount
210000 usd
CY2022 kore Effective Income Tax Rate Reconciliation Transaction Related Expense Percent
EffectiveIncomeTaxRateReconciliationTransactionRelatedExpensePercent
-0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
314000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0.002
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
283000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Percent
EffectiveIncomeTaxRateReconciliationGiltiPercent
0.002
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
0 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
EffectiveIncomeTaxRateReconciliationFdiiPercent
0.000
CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Amount
EffectiveIncomeTaxRateReconciliationFdiiAmount
311000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Fdii Percent
EffectiveIncomeTaxRateReconciliationFdiiPercent
0.003
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
13873000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.081
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
10200000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-0.087
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4158000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.024
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-10417000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.089
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17221000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
13617000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
1325000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
1386000 usd
CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
21978000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
15844000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
1571000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
339000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
2622000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
2835000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1665000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1164000 usd
CY2023Q4 kore Deferred Tax Assets Capitalized Research And Development Costs
DeferredTaxAssetsCapitalizedResearchAndDevelopmentCosts
2301000 usd
CY2022Q4 kore Deferred Tax Assets Capitalized Research And Development Costs
DeferredTaxAssetsCapitalizedResearchAndDevelopmentCosts
0 usd
CY2023Q4 kore Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
2745000 usd
CY2022Q4 kore Deferred Tax Assets Leasing Arrangements
DeferredTaxAssetsLeasingArrangements
2780000 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1849000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1007000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
53277000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
38972000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
33454000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16177000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
19823000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
22795000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1442000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1738000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
22193000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
33117000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
3569000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
5914000 usd
CY2023Q4 kore Deferred Tax Liabilities Change In Accounting Method
DeferredTaxLiabilitiesChangeInAccountingMethod
719000 usd
CY2022Q4 kore Deferred Tax Liabilities Change In Accounting Method
DeferredTaxLiabilitiesChangeInAccountingMethod
1378000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
2357000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
2514000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
3338000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
3327000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
33618000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
47988000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13795000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
25193000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
17300000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
300000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Gilti Amount
EffectiveIncomeTaxRateReconciliationGiltiAmount
300000 usd
CY2023Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
UndistributedEarningsOfForeignSubsidiaries
6800000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8574000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8132000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
192000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
442000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8766000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8574000 usd
CY2023 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
1100000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1800000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
1000000 usd
CY2023 kore Issuance Costs Of Penny Warrants Percentage
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0.03
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-167042000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-106200000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83808227 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75710904 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83808227 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75710904 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.99
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.40
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.99
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.40
CY2023 kore Issuance Costs Deemed To Be Allocated Percentage
IssuanceCostsDeemedToBeAllocatedPercentage
0.97
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
7411000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
8362000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2635000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
523000 usd
CY2023Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2061000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
2864000 usd
CY2023Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1499000 usd
CY2022Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
502000 usd
CY2023Q4 kore Indirect Sales Taxes Receivable Current
IndirectSalesTaxesReceivableCurrent
616000 usd
CY2022Q4 kore Indirect Sales Taxes Receivable Current
IndirectSalesTaxesReceivableCurrent
1735000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
14222000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
13986000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
8350000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3970000 usd
CY2023Q4 kore Accrued Cost Of Revenue Current
AccruedCostOfRevenueCurrent
4728000 usd
CY2022Q4 kore Accrued Cost Of Revenue Current
AccruedCostOfRevenueCurrent
4091000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4623000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4804000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
4999000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
2813000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
615000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
207000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
106000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
115000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
23421000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16000000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
30745000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
10688000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
5423000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
4773000 usd
CY2023Q4 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
5000000 usd
CY2023Q4 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
2273000 usd
CY2023Q4 us-gaap Purchase Obligation
PurchaseObligation
58902000 usd
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
600000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
294974000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
369706000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
167587000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
192504000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
10956000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11899000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9367000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10019000 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001855457-24-000015-index-headers.html Edgar Link pending
0001855457-24-000015-index.html Edgar Link pending
0001855457-24-000015.txt Edgar Link pending
0001855457-24-000015-xbrl.zip Edgar Link pending
a2023-yeex211xlistofsubsid.htm Edgar Link pending
a2023-yeex231xconsentofind.htm Edgar Link pending
exhibit103-amendmenttoinve.htm Edgar Link pending
exhibit108-votingagreement.htm Edgar Link pending
exhibit43-warrantdatedasof.htm Edgar Link pending
exhibit44-amendedandrestat.htm Edgar Link pending
exhibit47-descriptionofsec.htm Edgar Link pending
exhibit971-clawbackpolicy.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
kore-20231231.htm Edgar Link pending
kore-20231231.xsd Edgar Link pending
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