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

0.80USD+0.01 (+1.27%)Market Closed

Market Summary

USD0.80+0.01

Market Closed

1.27%

KORE Stock Price

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KORE RSI Chart

KORE Valuation

Market Cap

66.6M

Price/Earnings (Trailing)

-0.4

Price/Sales (Trailing)

0.24

EV/EBITDA

5.46

Price/Free Cashflow

-6.13

KORE Price/Sales (Trailing)

KORE Profitability

EBT Margin

-13.76%

Return on Equity

-451.79%

Return on Assets

-28.46%

Free Cashflow Yield

-16.3%

KORE Fundamentals

KORE Revenue

Revenue (TTM)

276.6M

Rev. Growth (Yr)

16.11%

Rev. Growth (Qtr)

5.58%

KORE Earnings

Earnings (TTM)

-167.0M

Earnings Growth (Yr)

51.56%

Earnings Growth (Qtr)

64.67%

Breaking Down KORE Revenue

Last 7 days

3.9%

Last 30 days

6.7%

Last 90 days

-11.1%

Trailing 12 Months

-33.9%

How does KORE drawdown profile look like?

KORE Financial Health

Current Ratio

1.37

Debt/Equity

8.01

Debt/Cashflow

-0.02

KORE Investor Care

Shares Dilution (1Y)

8.72%

Diluted EPS (TTM)

-1.96

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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>

Returns of $10,000 invested in:

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
Apr 15, 2024	SIGNET FINANCIAL MANAGEMENT, LLC	new	-	10,081	10,081	-%
Mar 21, 2024	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	sold off	-100	-39,127	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.25	569,630	1,482,190	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	10.02	12,904	29,396	-%
Feb 20, 2024	Quarry LP	sold off	-100	-183,556	-	-%
Feb 15, 2024	BARCLAYS PLC	reduced	-46.88	-1,000	5,000	-%
Feb 15, 2024	JANE STREET GROUP, LLC	sold off	-100	-5,810	-	-%
Feb 15, 2024	JANE STREET GROUP, LLC	new	-	28,539	28,539	-%
Feb 14, 2024	Fortress Investment Group LLC	unchanged	-	416,709	1,088,640	0.13%
Feb 14, 2024	MARATHON ASSET MANAGEMENT LP	new	-	235,390	235,390	0.11%

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
Apr 15, 2024	10-K	Annual Report
Apr 15, 2024	8-K/A	Current Report
Apr 11, 2024	8-K	Current Report
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 02, 2024	NT 10-K	NT 10-K
Apr 02, 2024	4	Insider Trading

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	194.9B	78.6B	1.90%	10.93%	23.43	2.48	-1.27%	221.12%
VZ	166.0B	134.0B	-3.38%	5.87%	14.3	1.24	-2.09%	-45.36%
T	120.2B	122.4B	-1.81%	-4.00%	8.35	0.98	1.40%	268.93%
CHTR	39.5B	54.6B	-8.91%	-18.29%	8.34	0.72	1.08%	-10.13%
MID-CAP
CCOI	3.1B	940.9M	3.24%	-5.18%	2.42	3.27	56.92%	24646.23%
IDCC	2.5B	549.6M	-4.66%	44.29%	11.87	4.62	20.05%	128.48%
GSAT	2.3B	223.8M	-5.80%	39.65%	-95.02	10.49	50.71%	90.38%
CABO	2.3B	1.7B	-8.13%	-39.80%	8.47	1.35	-1.64%	14.23%
SMALL-CAP
ATUS	894.0M	9.2B	-21.91%	-27.14%	16.8	0.1	-4.26%	-72.66%
ATEX	595.6M	3.5M	-4.00%	-0.80%	37.64	168.3	115.01%	136.91%
CNSL	491.9M	1.1B	-1.40%	12.17%	-1.67	0.44	-6.81%	-394.48%
ATNI	444.6M	762.2M	-4.93%	-26.04%	-23.71	0.58	5.03%	-147.29%
CXDO	108.6M	53.2M	-12.68%	209.60%	-299.87	2.04	41.66%	98.98%
DISH	-	15.3B	-	-100.00%	-	-	-8.30%	-147.55%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	5.6%	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	-60.5%	49,589	125,490	47,404	44,325	98,149	42,592	43,160	40,892	37,886	38,533	34,113	32,103	-	30,968	-
S&GA Expenses	-100.0%	-	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	-1.4%	0.22*	0.22*	0.21*	0.20*	0.18*	0.16*	0.15*	0.14*	0.16*	0.15*	0.15*	0.16*	0.17*	0.19*	-
Interest Expenses	-100.0%	-	10,615	10,407	10,195	9,244	8,206	7,297	6,624	7,106	5,589	5,506	5,059	-	5,276	-
Income Taxes	93.5%	-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	3.6%	-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	64.7%	-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	20.7%	-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	-603.2%	-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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2019Q4
Assets	0.1%	587	586	671	677	689	759	770	781	760	762	703	701	700	725
Current Assets	10.6%	102	92.00	89.00	100	103	107	111	110	161	153	81.00	72.00	62.00	49.00
Cash Equivalents	38.8%	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	-17.2%	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	-	11.00	-	-	-	12.00	-	-	12.00	12.00	13.00	-	-	14.00	15.00
Goodwill	0.1%	295	295	373	370	370	427	428	428	383	384	384	384	384	382
Liabilities	6.8%	550	515	508	512	508	513	511	511	493	483	431	424	416	409
Current Liabilities	18.6%	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	-28.2%	296	413	413	413	414	415	414	414	399	378	298	298	298	300
LT Debt, Current	-43.5%	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%	-	413	413	413	414	415	414	414	399	378	298	298	298	300
Shareholder's Equity	-48.0%	37.00	71.00	163	165	181	246	259	270	256	280	-	7.00	16.00	0.00
Retained Earnings	-8.8%	-415	-381	-286	-266	-248	-178	-164	-153	-142	-130	-125	-119	-113	-78.53
Additional Paid-In Capital	0.4%	461	459	455	438	435	433	430	427	413	413	121	129	136	162
Shares Outstanding	-5.0%	82.00	87.00	87.00	77.00	76.00	76.00	76.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-442.1%	-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	-	-	-	-	2,570	2,726	3,019	2,501	2,050	-	3,934	315	315	-	-	-
Cashflow From Investing	13.4%	-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	2151.1%	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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

KORE Income Statement

2023-12-31

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Total revenue	$ 276,610,000	$ 268,447,000
Cost of revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	128,563,000	129,154,000
Operating expenses
Depreciation and amortization	58,363,000	54,499,000
Goodwill impairment	78,257,000	58,074,000
Total operating expenses	266,808,000	224,665,000
Operating loss	(118,761,000)	(85,372,000)
Other expense (income)
Interest income	(552,000)	(464,000)
Loss on extinguishment of debt	2,584,000	0
Other expense, net	739,000	128,000
Loss before income taxes	(171,200,000)	(116,617,000)
Income tax benefit	(4,158,000)	(10,417,000)
Net loss	$ (167,042,000)	$ (106,200,000)
Loss per share:
Basic (in dollars per share)	$ (1.99)	$ (1.40)
Diluted (in dollars per share)	$ (1.99)	$ (1.40)
Weighted average shares outstanding:
Basic (in shares)	83,808,227	75,710,904
Diluted (in shares)	83,808,227	75,710,904
Comprehensive loss
Net loss	$ (167,042,000)	$ (106,200,000)
Other comprehensive loss:
Foreign currency translation adjustment	320,000	(2,927,000)
Comprehensive loss	(166,722,000)	(109,127,000)
Nonrelated Party
Operating expenses
Selling, general, and administrative expenses	129,816,000	109,492,000
Other expense (income)
Interest expense, including amortization of deferred financing costs	40,625,000	31,835,000
Affiliate
Operating expenses
Selling, general, and administrative expenses	372,000	2,600,000
Other expense (income)
Interest expense, including amortization of deferred financing costs	2,607,000	0
Change in fair value of warrant liabilities to affiliates	6,436,000	(254,000)
Services
Revenues
Total revenue	212,645,000	188,985,000
Cost of revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	82,547,000	67,268,000
Products
Revenues
Total revenue	63,965,000	79,462,000
Cost of revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below)	$ 46,016,000	$ 61,886,000

KORE Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash	$ 27,137	$ 34,645
Accounts receivable, net	52,413	44,538
Inventories, net	8,215	10,051
Prepaid expenses and other current assets	14,222	13,986
Total current assets	101,987	103,220
Noncurrent assets:
Restricted cash	300	362
Property and equipment, net	10,956	11,899
Intangible assets, net	167,587	192,504
Goodwill	294,974	369,706
Operating lease right-of-use assets	9,367	10,019
Other non-current assets	1,813	971
Total assets	586,984	688,681
Current liabilities:
Accounts payable	23,983	17,835
Accrued liabilities	23,421	16,000
Current portion of operating lease liabilities	1,446	1,811
Deferred revenue	9,044	7,817
Current portion of long-term debt and other borrowings, net	2,411	5,345
Total current liabilities	74,499	48,841
Noncurrent liabilities:
Operating lease liabilities	9,446	9,275
Long-term debt and other borrowings, net	296,109	413,910
Deferred income tax liabilities, net	13,795	25,193
Other liabilities	14,568	10,790
Total liabilities	550,011	508,009
Commitments and Contingencies
Stockholders’ equity:
Common stock, voting; par value $0.0001 per share; $315,000,000 shares authorized; $87,382,647 shares issued and $82,382,647 outstanding as of December 31, 2023, and $76,292,241 shares issued and outstanding as of December 31, 2022	8	8
Additional paid in capital	461,069	435,292
Accumulated other comprehensive loss	(6,070)	(6,390)
Accumulated deficit	(415,280)	(248,238)
Treasury stock, at cost, $5,000,000 shares	(2,754)	0
Total stockholders’ equity	36,973	180,672
Total liabilities and stockholders’ equity	586,984	688,681
Affiliate
Current liabilities:
Accrued interest due to affiliate	2,530	0
Warrant liabilities to affiliates	11,664	33
Noncurrent liabilities:
Mandatorily redeemable preferred stock due to affiliate, net	$ 141,594	$ 0

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 Wed Apr 24 2024, market cap of KORE Group Holdings, Inc. is 66.56 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 Wed Apr 24 2024, KORE's PE ratio (Price to Earnings) is -0.4 and Price to Sales (PS) ratio is 0.24. 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.