A Business at a Glance
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We offer IoT connectivity to the Internet (“Connectivity”) and other IoT solutions to our customers. We are one of the largest global independent IoT enablers, delivering critical services globally to customers to deploy, manage, and scale their IoT application and use cases. We provide advanced connectivity services, location-based services, device solutions, and managed and professional services used in the development and support of IoT solutions and applications. Our IoT platform is delivered in partnership with the world’s largest mobile network operators and provides secure, reliable, wireless Internet connectivity to mobile and fixed devices. This technology enables us to expand our global technology platform by transferring capabilities across the new and existing vertical markets (as described below) and to deliver complementary products to channel partners and resellers worldwide. We are a Delaware corporation, and our operations are primarily located in North America.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 285M | 286M | 277M | 268M | 248M | 214M |
| Net Income | -70M | -146M | -167M | -106M | -25M | -35M |
| EPS | $-3.58 | $-7.59 | $-9.97 | $-7.00 | $-5.20 | $-9.80 |
| Free Cash Flow | 8.4M | 7.1M | -11M | 13M | -19M | 25M |
| ROIC | -14.9% | -74.5% | -50.2% | -17.9% | -3.7% | -3.1% |
| Gross Margin | - | 55.9% | 53.5% | 51.9% | 51.2% | 54.2% |
| Debt/Equity | 0.00 | -2.97 | 8.07 | 2.32 | 1.50 | 14.92 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -25M | -103M | -119M | -85M | -16M | -9.5M |
| Operating Margin | -8.8% | -35.9% | -42.9% | -31.8% | -6.3% | -4.5% |
| ROE | 0.0% | - | -451.8% | -58.8% | -9.3% | -174.1% |
| Shares Outstanding | 18M | 19M | 17M | 15M | 5M | 15M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 214M | 248M | 268M | 277M | 286M | 285M |
| Gross Margin | 54.2% | 51.2% | 51.9% | 53.5% | 55.9% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -9.5M | -16M | -85M | -119M | -103M | -25M |
| Op. Margin | -4.5% | -6.3% | -31.8% | -42.9% | -35.9% | -8.8% |
| Net Income | -35M | -25M | -106M | -167M | -146M | -70M |
| Net Margin | -16.5% | -10.0% | -39.6% | -60.4% | -51.1% | -24.5% |
| Non-Recurring | 0 | 0 | 58M | 78M | 66M | 66M |
| Returns on Capital | ||||||
| ROIC | -3.1% | -3.7% | -17.9% | -50.2% | -74.5% | -14.9% |
| ROE | -174.1% | -9.3% | -58.8% | -451.8% | N/A | 0.0% |
| ROA | -5.0% | -3.3% | -15.4% | -28.5% | -28.0% | -16.5% |
| Cash Flow | ||||||
| Op. Cash Flow | 26M | -15M | 16M | -6.4M | 9.9M | 11M |
| Free Cash Flow | 25M | -19M | 13M | -11M | 7.1M | 8.4M |
| Owner Earnings | -27M | -70M | -48M | -76M | -55M | -54M |
| CapEx | 1.8M | 4.2M | 3.3M | 4.4M | 2.8M | 2.5M |
| Maint. CapEx | 52M | 50M | 54M | 58M | 56M | 56M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 52M | 50M | 54M | 58M | 56M | 56M |
| CapEx/OCF | 6.9% | N/A | 20.2% | N/A | 28.3% | 22.6% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 200K | 0 | 0 | 2.8M | 431K | 431K |
| Buyback Yield | 0.0% | N/A | N/A | 4.7% | 0.9% | 0.3% |
| Stock-Based Comp | 1.2M | 4.6M | 10M | 11M | 8.5M | 8.5M |
| Debt Repayment | 0 | 0 | 4.2M | 305M | 2.4M | 2.4M |
| Balance Sheet | ||||||
| Net Debt | 291M | 316M | 385M | 271M | 278M | 278M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 19M |
| Long-Term Debt | 298M | 399M | 414M | 296M | 296M | 296M |
| Debt/Equity | 14.92 | 1.50 | 2.32 | 8.07 | -2.97 | 0.00 |
| Interest Coverage | -0.4 | -0.7 | -667.0 | -160.7 | -55.1 | -55.1 |
| Equity | 20M | 268M | 181M | 37M | -100M | -146M |
| Total Assets | 700M | 760M | 689M | 587M | 456M | 423M |
| Total Liabilities | 416M | 493M | 508M | 550M | 555M | 569M |
| Intangibles | 623M | 586M | 562M | 463M | 354M | 354M |
| Retained Earnings | -114M | -142M | -248M | -415M | -561M | -561M |
| Working Capital | 10M | 112M | 54M | 30M | 14M | 14M |
| Current Assets | 62M | 161M | 103M | 102M | 80M | 80M |
| Current Liabilities | 52M | 49M | 49M | 72M | 66M | 66M |
| Per Share Data | ||||||
| EPS | -9.80 | -5.20 | -7.00 | -9.97 | -7.59 | -3.58 |
| Owner EPS | -1.78 | -14.62 | -3.19 | -4.54 | -2.85 | -3.07 |
| Book Value | 1.33 | 56.15 | 11.91 | 2.21 | -5.18 | -8.31 |
| Cash Flow/Share | 1.74 | -3.10 | 1.08 | -0.38 | 0.51 | -0.78 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 15.2M | 4.8M | 15.2M | 16.8M | 19.2M | 17.5M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -2.6 |
| P/FCF | 31.4 | N/A | 8.2 | N/A | 6.6 | 19.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 38.2 | 0.6 | 0.6 | 1.6 | N/A | N/A |
| Price/Sales | 3.6 | 0.9 | 1.1 | 0.3 | 0.2 | 0.6 |
| FCF Yield | 3.2% | -11.4% | 12.2% | -18.6% | 15.1% | 5.2% |
| Market Cap | 773M | 166M | 107M | 58M | 47M | 161M |
| Avg. Price | 50.57 | 46.65 | 19.19 | 5.66 | 3.03 | 9.16 |
| Year-End Price | 50.70 | 34.75 | 7.05 | 3.49 | 2.44 | 9.16 |
KORE Group Holdings, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 19.1x vs a median of 8.2x. The company's 5-year average gross margin is 53.3%. Total shareholder yield (buybacks) is 0.3%. At current prices, the estimated annualized return to fair value is -3.5%.
KORE Group Holdings, Inc. (KORE) has a 5-year average return on invested capital (ROIC) of -29.9%. This is below average and may indicate limited pricing power.
KORE Group Holdings, Inc. (KORE) has a market capitalization of $161M. It is classified as a small-cap stock.
KORE Group Holdings, Inc. (KORE) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.27%.
KORE Group Holdings, Inc. (KORE) operates in the Communications Services, Nec industry, within the Communication Services sector.
KORE Group Holdings, Inc. (KORE) reported annual revenue of $286 million in its most recent fiscal year, based on SEC EDGAR filings.
KORE Group Holdings, Inc. (KORE) has a net profit margin of -51.1%. The company is currently unprofitable.
KORE Group Holdings, Inc. (KORE) generated $7 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
KORE Group Holdings, Inc. (KORE) reported earnings per share (EPS) of $-7.59 in its most recent fiscal year.
KORE Group Holdings, Inc. (KORE) has a 5-year average gross margin of 53.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 5 years of financial data for KORE Group Holdings, Inc. (KORE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KORE Group Holdings, Inc. (KORE) has a book value per share of $-5.18, based on its most recent annual SEC filing.