KORE - KORE Group Holdings, Inc. Stock Price, Fair Value and News

0.77USD+0.01 (+1.32%)Market Closed

Market Summary

USD0.77+0.01

Market Closed

1.32%

KORE Stock Price

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KORE RSI Chart

KORE Valuation

Market Cap

64.1M

Price/Earnings (Trailing)

-0.39

Price/Sales (Trailing)

0.22

EV/EBITDA

6.64

Price/Free Cashflow

-5.98

KORE Price/Sales (Trailing)

KORE Profitability

EBT Margin

-13.28%

Return on Equity

-743.88%

Return on Assets

-28.81%

Free Cashflow Yield

-16.72%

KORE Fundamentals

KORE Revenue

Revenue (TTM)

286.6M

Rev. Growth (Yr)

15.16%

Rev. Growth (Qtr)

4.84%

KORE Earnings

Earnings (TTM)

-166.1M

Earnings Growth (Yr)

4.88%

Earnings Growth (Qtr)

47.8%

Breaking Down KORE Revenue

Last 90 days

-13.5%

Trailing 12 Months

-53.6%

How does KORE drawdown profile look like?

KORE Financial Health

Current Ratio

1.37

Debt/Equity

13.25

Debt/Cashflow

-0.02

KORE Investor Care

Shares Dilution (1Y)

8.70%

Diluted EPS (TTM)

-1.91

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	286.6M	0	0	0
2023	265.4M	264.1M	266.6M	276.6M
2022	262.1M	272.2M	270.4M	268.4M
2021	222.4M	231.1M	239.8M	248.4M
2020	0	0	191.5M	213.8M
2019	0	0	0	169.2M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of KORE Group Holdings, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 04, 2024	holtz paul	acquired	-	-	16,109	exec. vice pres., cfo & treas.
Apr 04, 2024	sachdev tushar k.	acquired	-	-	16,109	evp & chief technology officer
Apr 04, 2024	kennedy jack william jr.	acquired	-	-	11,276	evp, chief legal officer & sec
Apr 04, 2024	winstone louise p	sold (taxes)	-2,816	0.71	-3,967	evp, chief hr officer
Apr 04, 2024	winstone louise p	acquired	-	-	11,276	evp, chief hr officer
Apr 04, 2024	lubel bryan	acquired	-	-	16,109	exec. vp., connected health
Apr 04, 2024	holtz paul	sold (taxes)	-6,940	0.71	-9,775	exec. vice pres., cfo & treas.
Mar 31, 2024	bahl romil	acquired	-	-	100,000	pres., chief executive officer
Mar 22, 2024	holtz paul	sold (taxes)	-7,242	0.8234	-8,796	exec. vice pres., cfo & treas.
Mar 22, 2024	holtz paul	acquired	-	-	16,432	exec. vice pres., cfo & treas.

Which funds bought or sold KORE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-28,539	-	-%
May 15, 2024	LMR Partners LLP	sold off	-100	-116,275	-	-%
May 15, 2024	MARATHON ASSET MANAGEMENT LP	unchanged	-	-33,124	202,266	0.09%
May 15, 2024	Fortress Investment Group LLC	sold off	-100	-1,088,640	-	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	4.81	-2,327	12,371	-%
May 15, 2024	Royal Bank of Canada	reduced	-28.07	-	-	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	unchanged	-	-48,024	195,752	-%
May 15, 2024	RBF Capital, LLC	unchanged	-	-170,381	694,495	0.04%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	reduced	-0.24	-6,381	25,691	-%
May 15, 2024	Tower Research Capital LLC (TRC)	sold off	-100	-17,407	-	-%

Are Funds Buying or Selling KORE?

Are funds buying KORE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own KORE

No. of Funds

Unveiling KORE Group Holdings, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	fortress investment group llc	4.0%	3,475,040	SC 13G/A
Jan 23, 2024	dotmar investments ltd	5.1%	4,236,464	SC 13G/A
Dec 15, 2023	searchlight iv kor, l.p.	12.7%	12,024,711	SC 13D/A
Dec 13, 2023	twilio inc	6.1%	5e+06	SC 13G/A
Nov 20, 2023	searchlight iv kor, l.p.	12.0%	11,800,000	SC 13D
Jun 21, 2023	twilio inc	11.6%	1e+07	SC 13G
Mar 09, 2023	terrdian holdings inc.	6.5%	4,983,527	SC 13G/A
Feb 13, 2023	mudrick capital management, l.p.	2.8%	2,117,380	SC 13G/A
Feb 10, 2023	fortress investment group llc	5.3%	4,241,097	SC 13G/A
Feb 01, 2023	dotmar investments ltd	5.5%	4,215,000	SC 13G/A

Recent SEC filings of KORE Group Holdings, Inc.

View All Filings

Date Filed	Form Type	Document
May 16, 2024	424B3	Prospectus Filed
May 16, 2024	424B3	Prospectus Filed
May 16, 2024	424B3	Prospectus Filed
May 16, 2024	424B3	Prospectus Filed
May 15, 2024	10-Q	Quarterly Report
May 15, 2024	8-K	Current Report
May 14, 2024	ARS	ARS
May 13, 2024	DEF 14A	DEF 14A
May 07, 2024	3	Insider Trading
May 03, 2024	PRE 14A	PRE 14A

Peers (Alternatives to KORE Group Holdings, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TMUS	192.2B	78.5B	2.44%	18.69%	21.96	2.45	-0.71%	129.26%
VZ	168.8B	134.0B	0.68%	10.85%	14.93	1.26	-1.58%	-47.62%
T	124.8B	122.3B	7.94%	5.14%	11.91	1.02	0.95%	215.07%
CHTR	39.5B	54.6B	5.81%	-20.55%	8.33	0.72	0.29%	-3.30%
MID-CAP
CCOI	2.9B	1.1B	-4.52%	-5.39%	2.41	2.75	74.42%	11734.07%
IDCC	2.8B	610.8M	13.95%	29.84%	14.5	4.52	9.29%	5.25%
GSAT	2.3B	221.6M	-6.98%	9.09%	-65.61	10.19	27.11%	85.65%
CABO	2.2B	1.7B	-1.57%	-42.79%	8.46	1.31	-2.39%	114.34%
SMALL-CAP
ATUS	1.0B	9.2B	15.90%	-21.53%	169.3	0.11	-3.42%	-74.28%
ATEX	619.5M	3.5M	5.79%	7.52%	39.15	175.05	115.01%	136.91%
CNSL	511.6M	1.1B	1.17%	13.98%	-1.81	0.46	-5.01%	-258.89%
ATNI	399.0M	763.2M	-4.12%	-29.65%	-20.31	0.52	3.21%	-54.92%
CXDO	104.1M	55.0M	-8.43%	135.54%	62.95	1.89	31.29%	104.62%
DISH	-	15.0B	-	-100.00%	-	-	-8.14%	-163.76%

KORE Group Holdings, Inc. News

Latest updates

KORE Group Holdings, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	4.8%	75,975	72,466	68,633	69,536	65,975	62,411	66,137	70,921	68,978	64,352	67,933	60,798	55,352	55,305	55,257	-
Operating Expenses	-0.9%	49,143	49,589	125,490	47,404	44,325	98,021	42,592	43,160	40,892	37,886	38,533	34,113	32,103	-	30,968	-
S&GA Expenses	-	-	-	32,778	32,892	30,200	26,192	28,904	29,407	27,717	25,439	26,114	21,741	19,010	515	17,792	-
EBITDA Margin	-12.2%	0.18*	0.20*	0.21*	0.20*	0.19*	0.17*	0.16*	0.15*	0.14*	0.16*	0.15*	0.15*	0.16*	0.17*	0.19*	-
Interest Expenses	37.7%	5,665	4,113	10,615	10,407	10,195	7,072	8,206	7,297	6,624	7,106	5,589	5,506	5,059	-	5,276	-
Income Taxes	-109.0%	-420	-201	-3,093	-495	-369	-4,132	-1,805	-2,268	-2,212	-1,851	-3,873	-1,795	-1,256	-	-1,518	-
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-13,452	-14,045	-8,218	-	-2,345	-	-7,166	-
EBT Margin	3.5%	-0.13*	-0.14*	-0.14*	-0.14*	-0.14*	-0.14*	-0.14*	-0.14*	-0.15*	-0.14*	-0.17*	-0.18*	-0.18*	-0.19*	-0.19*	-
Net Income	47.8%	-17,587	-33,692	-95,361	-19,499	-18,490	-69,561	-14,277	-10,790	-11,572	-12,202	-4,373	-6,202	-1,999	-4,893	-12,787	-
Net Income Margin	4.0%	-0.58*	-0.60*	-0.76*	-0.46*	-0.43*	-0.40*	-0.18*	-0.14*	-0.13*	-0.10*	-0.07*	-0.11*	-0.14*	-0.15*	-0.12*	-
Free Cashflow	108.6%	1,027	-11,935	2,372	-2,176	887	-4,533	8,480	13,717	-4,615	-6,335	2,479	-1,475	-13,109	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet															(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	-1.8%	577	587	586	671	677	689	759	770	781	760	762	703	701	700	725
Current Assets	-2.9%	99.00	102	92.00	89.00	100	103	107	111	110	161	153	81.00	72.00	62.00	49.00
Cash Equivalents	-14.1%	23.00	27.00	20.00	23.00	31.00	35.00	43.00	41.00	32.00	86.00	73.00	8.00	13.00	11.00	9.00
Inventory	-7.4%	8.00	8.00	10.00	7.00	9.00	10.00	8.00	10.00	12.00	15.00	12.00	10.00	7.00	6.00	3.00
Net PPE	-100.0%	-	11.00	-	-	-	12.00	-	-	12.00	12.00	13.00	-	-	14.00	15.00
Goodwill	-0.1%	295	295	295	373	370	370	427	428	428	383	384	384	384	384	382
Liabilities	0.8%	554	550	515	508	512	508	513	511	511	493	483	431	424	416	409
Current Liabilities	-3.0%	72.00	74.00	63.00	54.00	55.00	49.00	47.00	47.00	44.00	49.00	59.00	70.00	61.00	52.00	47.00
Long Term Debt	0.0%	296	296	413	413	413	414	415	414	414	399	378	298	298	298	300
LT Debt, Current	-23.3%	2.00	2.00	4.00	5.00	5.00	5.00	5.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
LT Debt, Non Current	-100.0%	-	296	413	413	413	414	415	414	414	399	378	298	298	298	300
Shareholder's Equity	-39.6%	22.00	37.00	71.00	163	165	181	246	259	270	0.00	280	-	7.00	16.00	0.00
Retained Earnings	-4.2%	-432	-415	-381	-286	-266	-248	-178	-164	-153	-142	-130	-125	-119	-113	-78.53
Additional Paid-In Capital	0.6%	464	461	459	455	438	435	433	430	427	413	413	121	129	136	162
Shares Outstanding	1.0%	83.00	82.00	87.00	87.00	77.00	76.00	76.00	75.00	74.00	42.00	32.00	32.00	32.00	30.00	31.00
Float	-	-	-	-	50.00	-	-	-	109	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	117.4%	1,904	-10,912	3,190	-609	1,912	-4,171	9,836	14,671	-3,980	-5,319	4,416	-1,045	-12,320	-842	-	-
Share Based Compensation	-	2,708	-	-	-	2,570	2,726	3,019	2,501	2,050	-	3,934	315	315	-	-	-
Cashflow From Investing	-1.1%	-4,685	-4,634	-5,351	-5,406	-4,839	-4,573	-4,773	-4,698	-48,503	-3,637	-3,809	-2,882	-3,091	-259,169	-	-
Cashflow From Financing	-105.2%	-1,180	22,665	-1,105	-1,330	-1,324	-1,095	-1,145	-904	-1,550	22,281	63,397	84.00	18,291	261,947	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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KORE Income Statement

2024-03-31

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue
Total revenue	$ 75,975	$ 65,975
Cost of revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	34,213	30,317
Operating expenses
Depreciation and amortization	13,606	14,125
Total operating expenses	49,143	44,325
Operating loss	(7,381)	(8,667)
Other expense (income)
Interest income	(300)	(130)
Other expense, net	307	5
Loss before income taxes	(18,007)	(18,859)
Income tax benefit	(420)	(369)
Net loss	$ (17,587)	$ (18,490)
Loss per share:
Basic (in dollars per share)	$ (0.19)	$ (0.24)
Diluted (in dollars per share)	$ (0.19)	$ (0.24)
Weighted average shares outstanding:
Basic (in shares)	94,960,371	76,524,735
Diluted (in shares)	94,960,371	76,524,735
Comprehensive loss
Net loss	$ (17,587)	$ (18,490)
Other comprehensive loss:
Foreign currency translation adjustment	240	128
Comprehensive loss	(17,347)	(18,362)
Nonrelated Party
Operating expenses
Selling, general, and administrative expenses	35,537	30,011
Other expense (income)
Interest expense, including amortization of deferred financing costs	7,753	10,320
Affiliate
Operating expenses
Selling, general, and administrative expenses	0	189
Other expense (income)
Interest expense, including amortization of deferred financing costs	5,187	0
Change in fair value of warrant liabilities to affiliates	(2,321)	(3)
Services
Revenue
Total revenue	59,640	47,550
Cost of revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	23,946	16,543
Products
Revenue
Total revenue	16,335	18,425
Cost of revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	$ 10,267	$ 13,774

KORE Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash	$ 23,025	$ 27,137
Accounts receivable, net	54,749	52,413
Inventories, net	7,605	8,215
Prepaid expenses and other current assets	13,620	14,222
Total current assets	98,999	101,987
Noncurrent assets:
Restricted cash	297	300
Property and equipment, net	10,643	10,956
Intangible assets, net	158,398	167,587
Goodwill	294,770	294,974
Operating lease right-of-use assets	9,455	9,367
Other non-current assets	4,054	1,813
Total assets	576,616	586,984
Current liabilities:
Accounts payable	22,486	23,983
Accrued liabilities	29,145	23,421
Current portion of operating lease liabilities	1,528	1,446
Deferred revenue	7,941	9,044
Current portion of long-term debt and other borrowings, net	1,850	2,411
Total current liabilities	72,293	71,969
Noncurrent liabilities:
Operating lease liabilities	9,433	9,446
Long-term debt and other borrowings, net	295,984	296,109
Deferred income tax liabilities, net	12,403	13,795
Other liabilities	14,679	14,568
Total liabilities	554,282	550,011
Commitments and Contingencies
Stockholders’ equity:
Common stock, voting; par value $0.0001 per share; $315,000,000 shares authorized; $88,196,842 shares issued and $83,196,842 outstanding as of March 31, 2024, and 87,382,647 shares issued and $82,382,647 outstanding as of December 31, 2023	8	8
Additional paid in capital	463,777	461,069
Accumulated other comprehensive loss	(5,830)	(6,070)
Accumulated deficit	(432,867)	(415,280)
Treasury stock, at cost, $5,000,000 shares	(2,754)	(2,754)
Total stockholders’ equity	22,334	36,973
Total liabilities and stockholders’ equity	576,616	586,984
Affiliate
Current liabilities:
Warrant liabilities to affiliates	9,343	11,664
Noncurrent liabilities:
Accrued interest due to affiliate	7,567	2,530
Mandatorily redeemable preferred stock due to affiliate, net	$ 141,923	$ 141,594

About KORE Group Holdings, Inc.

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity and location-based services, device solutions, and managed and professional services that are used in the development and support of IoT technology and applications for the Machine-to-Machine market. The company's products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services. It serves customers in healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing sectors. The company was founded in 2002 and is headquartered in Atlanta, Georgia.

CEO	Mr. Romil Bahl
WEBSITE	korewireless.com
INDUSTRY	Telecom Services
EMPLOYEES	595

KORE Group Holdings, Inc. Frequently Asked Questions

What is the ticker symbol for KORE Group Holdings, Inc.? What does KORE stand for in stocks?

KORE is the stock ticker symbol of KORE Group Holdings, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of KORE Group Holdings, Inc. (KORE)?

As of Fri May 17 2024, market cap of KORE Group Holdings, Inc. is 64.06 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of KORE stock?

You can check KORE's fair value in chart for subscribers.

What is the fair value of KORE stock?

You can check KORE's fair value in chart for subscribers. The fair value of KORE Group Holdings, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of KORE Group Holdings, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for KORE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is KORE Group Holdings, Inc. a good stock to buy?

The fair value guage provides a quick view whether KORE is over valued or under valued. Whether KORE Group Holdings, Inc. is cheap or expensive depends on the assumptions which impact KORE Group Holdings, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for KORE.

What is KORE Group Holdings, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, KORE's PE ratio (Price to Earnings) is -0.39 and Price to Sales (PS) ratio is 0.22. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. KORE PE ratio will change depending on the future growth rate expectations of investors.