KORE Group Holdings, Inc. (KORE) 10-Year Financial Performance & Capital Metrics

KORE • • Utilities

Communication ServicesTelecom ServicesIoT & Machine-to-Machine CommunicationsIoT Connectivity Providers

AboutKORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services. It serves customers operating in a range of sectors, including healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. The company was founded in 2002 and is headquartered in Alpharetta, Georgia.Show more

Revenue $286M +3.4%
EBITDA -$45M -164.2%
Net Income -$146M +12.6%
Free Cash Flow -$4M +86.7%
EBITDA Margin -15.83% -162.1%
Net Margin -51.06% +15.4%
ROE -
Interest Coverage -1.96 -962.8%
Debt/Equity -
Net Debt/EBITDA -
CapEx / Revenue 4.7% +193.5%
CapEx Coverage 0.74 +150.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓Trading near 52-week high

✗Weaknesses

✗Shares diluted 14.8% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y11.08%

3Y4.82%

TTM0.06%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM48.19%

EPS CAGR

10Y-

5Y-

3Y-

TTM49.58%

ROCE

10Y Avg-2.31%

5Y Avg-2.42%

3Y Avg-2.8%

Latest-22.72%

Peer Comparison

IoT Connectivity Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
RDCMRADCOM Ltd.	211.63M	12.90	30	18.23%	15.38%	9.73%	4.09%	0.04
KOREKORE Group Holdings, Inc.	86.12M	4.91	-0.65	3.43%	-24.51%
FNGRFingerMotion, Inc.	74.76M	1.22	-12.72	-0.51%	-16.07%	-32.6%		0.09

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	169.15M	213.76M	248.44M	268.45M	276.61M	286.09M
Revenue Growth %	-	0.26%	0.16%	0.08%	0.03%	0.03%
Cost of Revenue	63.66M	97.93M	121.36M	129.15M	128.56M	126.16M
Gross Profit+	105.49M	115.83M	127.08M	139.29M	148.05M	159.93M
Gross Margin %	-	-	-	-	-	-
Gross Profit Growth %	-	0.1%	0.1%	0.1%	0.06%	0.08%
Operating Expenses+	117.32M	125.37M	142.63M	53.92M	138.25M	262.72M
Other Operating Expenses	-	-	-	-	-	-
EBITDA+	36.3M	42.95M	34.77M	142.09M	70.5M	-45.29M
EBITDA Margin %	-	-	-	-	-	-
EBITDA Growth %	-	0.18%	-0.19%	3.09%	-0.5%	-1.64%
Depreciation & Amortization+	48.13M	52.49M	50.33M	56.72M	60.69M	57.5M
D&A / Revenue %	-	-	-	-	-	-
Operating Income (EBIT)+	-11.83M	-9.54M	-15.56M	85.37M	9.8M	-102.79M
Operating Margin %	-	-	-	-	-	-
Operating Income Growth %	-	0.19%	-0.63%	6.49%	-0.89%	-11.49%
Interest Expense+	24.79M	23.49M	23.26M	31.84M	43.21M	52.52M
Interest Coverage	-0.48x	-0.41x	-0.67x	2.68x	0.23x	-1.96x
Interest / Revenue %	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	-10.5M	-40.52M	-33.55M	-116.62M	-171.2M	-152.01M
Pretax Margin %	-	-	-	-	-	-
Income Tax+	12.94M	-5.32M	-8.78M	-10.42M	-4.16M	-5.94M
Effective Tax Rate %	-	-	-	-	-	-
Net Income+	-23.44M	-35.2M	-24.78M	-106.2M	-167.04M	-146.08M
Net Margin %	-	-	-	-	-	-
Net Income Growth %	-	-0.5%	0.3%	-3.29%	-0.57%	0.13%
EPS (Diluted)+	-0.38	-5.56	-2.92	-6.96	-9.97	-7.59
EPS Growth %	-	-13.63%	0.47%	-1.38%	-0.43%	0.24%
EPS (Basic)	-0.38	-5.56	-2.92	-6.96	-9.97	-7.59
Diluted Shares Outstanding	62.34M	6.33M	8.39M	15.14M	16.76M	19.25M

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	724.85M	700.02M	760.34M	688.68M	586.98M	455.83M
Asset Growth %	-	-0.03%	0.09%	-0.09%	-0.15%	-0.22%
PP&E (Net)+	15.31M	13.71M	12.24M	21.92M	20.32M	17.46M
PP&E / Total Assets %	-	-	-	-	-	-
Total Current Assets+	49.14M	62.25M	161.36M	103.22M	101.99M	79.96M
Cash & Equivalents	8.29M	10.32M	85.98M	34.65M	27.14M	19.41M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	2.71M	5.84M	15.47M	10.05M	8.21M	6.65M
Other Current Assets	0	0	1.03M	523K	2.63M	1.18M
Long-Term Investments	0	0	367K	0	0	293K
Goodwill	382.25M	382.75M	383.42M	369.71M	294.97M	228.84M
Intangible Assets	276.9M	240.2M	202.55M	192.5M	167.59M	125.06M
Other Assets	1.25M	983K	407K	1.28M	2.11M	4.21M
Total Liabilities	408.61M	679.8M	492.81M	508.01M	550.01M	555.43M
Total Debt+	313.24M	302.93M	402.63M	430.46M	309.41M	307.22M
Net Debt	304.94M	292.61M	316.66M	395.81M	282.27M	287.81M
Long-Term Debt	301.21M	298.4M	399.12M	413.91M	296.11M	295.66M
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	1.31M	1.36M	0	11.2M	10.89M	9.71M
Total Current Liabilities+	46.63M	52.22M	49.04M	48.84M	71.97M	66.09M
Accounts Payable	15.96M	22.98M	16M	17.84M	23.98M	14.83M
Accrued Expenses	11.93M	16.64M	13.1M	12.87M	17.81M	24.34M
Deferred Revenue	0	7.77M	6.89M	7.82M	9.04M	8.51M
Other Current Liabilities	6.36M	0	9.06M	33K	11.66M	7.62M
Deferred Taxes	0	1000K	1000K	1000K	1000K	1000K
Other Liabilities	60.29M	285.83M	6.74M	10.79M	158.69M	181.27M
Total Equity+	316.24M	20.22M	267.52M	180.67M	36.97M	-99.6M
Equity Growth %	-	-0.94%	12.23%	-0.32%	-0.8%	-3.69%
Shareholders Equity	316.24M	20.22M	267.52M	180.67M	36.97M	-99.6M
Minority Interest	0	0	0	0	0	0
Common Stock	2K	3K	7K	8K	8K	8K
Additional Paid-in Capital	161.56M	135.62M	413.31M	435.29M	461.07M	468.71M
Retained Earnings	-78.53M	-113.73M	-142.34M	-248.24M	-415.28M	-561.36M
Accumulated OCI	-3.79M	-1.68M	-3.46M	-6.39M	-6.07M	-3.78M
Return on Assets (ROA)	-0.03%	-0.05%	-0.03%	-0.15%	-0.26%	-0.28%
Return on Equity (ROE)	-0.07%	-0.21%	-0.17%	-0.47%	-1.53%	-
Debt / Equity	0.99x	14.98x	1.51x	2.38x	8.37x	-
Debt / Assets	0.43%	0.43%	0.53%	0.63%	0.53%	0.67%
Net Debt / EBITDA	8.40x	6.81x	9.11x	2.79x	4.00x	-
Book Value per Share	5.07	3.19	31.9	11.93	2.21	-5.17

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.25M	26.47M	-14.76M	16.36M	-6.42M	9.91M
Operating CF Growth %	-	0.86%	-1.56%	2.11%	-1.39%	2.54%
Operating CF / Revenue %	-	-	-	-	-	-
Net Income	-23.44M	-35.2M	-24.78M	-106.2M	-167.04M	-146.08M
Depreciation & Amortization	48.13M	52.49M	50.33M	56.72M	60.69M	57.5M
Deferred Taxes	-11.42M	-6.18M	-9.69M	-16.19M	-11.41M	-10.11M
Other Non-Cash Items	5.8M	10.67M	-2.08M	60.68M	89.58M	78.94M
Working Capital Changes	-6.49M	3.53M	-33.11M	11.06M	10.51M	29.65M
Capital Expenditures+	-50.37M	-11.97M	-13.42M	-62.55M	-20.23M	-13.46M
CapEx / Revenue %	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-
Cash from Investing+	-50.37M	-11.6M	-13.42M	-62.55M	-20.23M	-13.46M
Acquisitions	-37.49M	366K	0	-46M	0	0
Purchase of Investments	0	0	0	0	0	0
Sale of Investments	0	0	0	0	0	0
Other Investing	-10.49M	-10.13M	-9.25M	-13.24M	-15.8M	0
Cash from Financing+	37M	-12.72M	104.05M	-4.69M	18.91M	-3.78M
Dividends Paid	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	-1000K
Stock Issued	0	0	0	0	0	0
Share Repurchases	-80K	-200K	0	0	-2.75M	-431K
Other Financing	-2.09M	0	235.5M	-356K	-11.23M	-839K
Net Change in Cash+	719K	2M	75.65M	-51.34M	-7.57M	-7.73M
Exchange Rate Effect	-162K	-149K	-226K	-451K	173K	-398K
Cash at Beginning	7.97M	8.69M	10.69M	86.34M	35.01M	27.14M
Cash at End	8.69M	10.69M	86.34M	35.01M	27.44M	19.41M
Free Cash Flow+	-36.12M	14.5M	-28.18M	-46.19M	-26.65M	-3.55M
FCF Growth %	-	1.4%	-2.94%	-0.64%	0.42%	0.87%
FCF Margin %	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-7.41%	-20.92%	-17.22%	-47.39%	-153.5%	-
EBITDA Margin	21.46%	20.09%	14%	52.93%	25.49%	-15.83%
Net Debt / EBITDA	8.40x	6.81x	9.11x	2.79x	4.00x	-
Interest Coverage	-0.48x	-0.41x	-0.67x	2.68x	0.23x	-1.96x
CapEx / Revenue	29.78%	0.86%	1.68%	23.3%	1.6%	4.7%
Debt / Equity	0.99x	14.98x	1.51x	2.38x	8.37x	-
EPS Growth	-	-1363.16%	47.48%	-138.36%	-43.25%	23.87%

Revenue by Segment

	2021	2022	2023	2024
Service	187.96M	188.99M	212.65M	234.25M
Service Growth	-	0.54%	12.52%	10.16%
Hardware Sales	-	69.09M	63.97M	51.84M
Hardware Sales Growth	-	-	-7.42%	-18.96%
Product	60.26M	79.46M	-	-
Product Growth	-	31.88%	-	-
Bill And Hold Hardware Sales	-	10.74M	-	-
Bill And Hold Hardware Sales Growth	-	-	-	-

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	-	211.6M	223.17M	241.72M
UNITED STATES Growth	-	-	5.47%	8.31%
Non-US	-	-	-	44.37M
Non-US Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

KORE Group Holdings, Inc. (KORE) reported $285.4M in revenue for fiscal year 2024. This represents a 69% increase from $169.2M in 2019.

KORE Group Holdings, Inc. (KORE) grew revenue by 3.4% over the past year. Growth has been modest.

KORE Group Holdings, Inc. (KORE) reported a net loss of $69.9M for fiscal year 2024.

Dividend & Returns

KORE Group Holdings, Inc. (KORE) generated $2.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

KORE Group Holdings, Inc. (KORE) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

← Back to Screener