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Communication Services - Telecommunications Services - NYSE - US
$ 2.0
6.51 %
$ 36.2 M
Market Cap
-0.17
P/E
1. INTRINSIC VALUE

KORE 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.[ Read More ]

The intrinsic value of one KORE stock under the base case scenario is HIDDEN Compared to the current market price of 2 USD, KORE Group Holdings, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart KORE

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FINANCIALS
277 M REVENUE
3.04%
9.8 M OPERATING INCOME
135.74%
-167 M NET INCOME
-58.45%
-6.42 M OPERATING CASH FLOW
-41.48%
-20.2 M INVESTING CASH FLOW
67.66%
18.9 M FINANCING CASH FLOW
595.57%
67.9 M REVENUE
-10.67%
-57.2 M OPERATING INCOME
-1935.26%
-64.3 M NET INCOME
-265.61%
3.99 M OPERATING CASH FLOW
109.35%
-4.1 M INVESTING CASH FLOW
12.51%
-559 K FINANCING CASH FLOW
52.63%
Balance Sheet Decomposition KORE Group Holdings, Inc.
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Current Assets 102 M
Cash & Short-Term Investments 27.1 M
Receivables 54.5 M
Other Current Assets 20.3 M
Non-Current Assets 485 M
Long-Term Investments 0
PP&E 20.3 M
Other Non-Current Assets 465 M
Current Liabilities 74.5 M
Accounts Payable 24 M
Short-Term Debt 3.96 M
Other Current Liabilities 46.6 M
Non-Current Liabilities 476 M
Long-Term Debt 447 M
Other Non-Current Liabilities 28.3 M
EFFICIENCY
Earnings Waterfall KORE Group Holdings, Inc.
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Revenue 277 M
Cost Of Revenue 129 M
Gross Profit 148 M
Operating Expenses 138 M
Operating Income 9.8 M
Other Expenses 177 M
Net Income -167 M
RATIOS
53.52% GROSS MARGIN
53.52%
3.54% OPERATING MARGIN
3.54%
-60.39% NET MARGIN
-60.39%
-451.79% ROE
-451.79%
-28.46% ROA
-28.46%
2.00% ROIC
2.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis KORE Group Holdings, Inc.
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Net Income -167 M
Depreciation & Amortization 60.7 M
Capital Expenditures -20.2 M
Stock-Based Compensation 11.3 M
Change in Working Capital 10.5 M
Others 85.1 M
Free Cash Flow -26.6 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets KORE Group Holdings, Inc.
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KORE has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership KORE Group Holdings, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
2.87 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
14.5 K USD 2
9-12 MONTHS
Date Value Insider Amount Avg Price
9 months ago
Feb 09, 2024
Sell 8.72 K USD
Winstone Louise P
EVP, Chief HR Officer
- 9184
0.95 USD
11 months ago
Dec 13, 2023
Bought 2.25 K USD
Searchlight IV KOR, L.P.
10 percent owner
+ 224711
0.01 USD
11 months ago
Dec 11, 2023
Sell 2.86 M USD
TWILIO INC
10 percent owner
- 5000000
0.5713 USD
11 months ago
Nov 22, 2023
Bought 6.2 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
0.62 USD
11 months ago
Nov 21, 2023
Bought 1.51 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 2514
0.6 USD
1 year ago
Nov 16, 2023
Bought 4.5 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
0.45 USD
1 year ago
Jun 06, 2023
Bought 14.4 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
1.435 USD
1 year ago
Jun 01, 2023
Bought 15 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
1.5 USD
1 year ago
May 26, 2023
Bought 15.2 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
1.52 USD
1 year ago
May 18, 2023
Bought 89.3 K USD
MacInnis Robert P
Director
+ 54500
1.6379 USD
1 year ago
May 18, 2023
Bought 24.3 K USD
Yosef-Or Tomer
Director
+ 15000
1.6167 USD
1 year ago
May 17, 2023
Bought 793 USD
Yosef-Or Tomer
Director
+ 592
1.34 USD
1 year ago
May 17, 2023
Bought 14.6 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
1.4568 USD
1 year ago
May 16, 2023
Bought 13.5 K USD
Yosef-Or Tomer
Director
+ 10000
1.3473 USD
1 year ago
May 16, 2023
Bought 2.74 K USD
Kennedy Jack William Jr.
EVP, Chief Legal Officer & Sec
+ 2000
1.3699 USD
1 year ago
May 12, 2023
Bought 11.4 K USD
Bahl Romil
Pres., Chief Executive Officer
+ 10000
1.1423 USD
1 year ago
May 12, 2023
Bought 28 K USD
Yosef-Or Tomer
Director
+ 24671
1.1334 USD
1 year ago
May 15, 2023
Bought 13.5 K USD
MacInnis Robert P
Director
+ 11755
1.1446 USD
1 year ago
May 12, 2023
Bought 51.5 K USD
MacInnis Robert P
Director
+ 38245
1.3471 USD
1 year ago
Dec 21, 2022
Bought 2 K USD
Kennedy Jack William Jr.
EVP, Chief Legal Officer & Sec
+ 1250
1.5999 USD
1 year ago
Dec 21, 2022
Bought 8.09 K USD
Kennedy Jack William Jr.
EVP, Chief Legal Officer & Sec
+ 5000
1.6177 USD
1 year ago
Dec 21, 2022
Bought 16.5 K USD
Bahl Romil
President, Chief Executive Off
+ 10000
1.65 USD
1 year ago
Dec 14, 2022
Bought 4.74 K USD
Holtz Paul
Exec. Vice Pres., CFO & Treas.
+ 2500
1.8978 USD
1 year ago
Dec 20, 2022
Bought 8.52 K USD
Bahl Romil
President, Chief Executive Off
+ 4944
1.7243 USD
1 year ago
Dec 19, 2022
Bought 6.87 K USD
Bahl Romil
President, Chief Executive Off
+ 4000
1.7166 USD
1 year ago
Dec 16, 2022
Bought 9.27 K USD
Sachdev Tushar K.
EVP & Chief Technology Officer
+ 5000
1.8549 USD
1 year ago
Dec 15, 2022
Bought 7.06 K USD
Bahl Romil
President, Chief Executive Off
+ 3922
1.8 USD
1 year ago
Dec 14, 2022
Bought 1.94 K USD
Bahl Romil
President, Chief Executive Off
+ 1078
1.8 USD
1 year ago
Dec 13, 2022
Bought 3.73 K USD
Bahl Romil
President, Chief Executive Off
+ 2000
1.865 USD
1 year ago
Dec 14, 2022
Bought 11.3 K USD
Kennedy Jack William Jr.
EVP, Chief Legal Officer & Sec
+ 6000
1.8896 USD
1 year ago
Dec 14, 2022
Bought 1.89 K USD
Kennedy Jack William Jr.
EVP, Chief Legal Officer & Sec
+ 1000
1.8899 USD
1 year ago
Dec 12, 2022
Bought 9.93 K USD
Holtz Paul
Exec. Vice Pres., CFO & Treas.
+ 5000
1.9867 USD
1 year ago
Dec 06, 2022
Bought 14.1 K USD
Bahl Romil
President, Chief Executive Off
+ 7000
2.01 USD
1 year ago
Dec 02, 2022
Bought 11 K USD
Bahl Romil
President, Chief Executive Off
+ 5000
2.2 USD
1 year ago
Dec 01, 2022
Bought 2.32 K USD
Bahl Romil
President, Chief Executive Off
+ 1003
2.3141 USD
1 year ago
Nov 21, 2022
Bought 4.66 K USD
Bahl Romil
President, Chief Executive Off
+ 2000
2.33 USD
2 years ago
Nov 17, 2022
Bought 7.36 K USD
Bahl Romil
President, Chief Executive Off
+ 3000
2.4547 USD
7. News
KORE Reschedules Third Quarter 2024 Financial Results and Live Webcast Company to restate Second Quarter 2024 Financial Statements No impact to Revenues, Cash Flows or Adjusted EBITDA expected for the period affected ATLANTA , Nov. 12, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that it expects to restate its second quarter 2024 financial statements and, as a result, is rescheduling the release of the Company's financial results for the third quarter of 2024 and live webcast to discuss those results from previously scheduled November 13, 2024 at 5PM ET to November 19, 2024 at the same time. The Company's management, in consultation with the Audit Committee of the Company's Board of Directors and in consultation with BDO USA, P.C. prnewswire.com - 4 days ago
KORE to Report Third Quarter 2024 Results on November 13, 2024 ATLANTA , Oct. 31, 2024 /PRNewswire/ -- KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on November 13, 2024, following the U.S. market closing it will release its financial results for the third quarter of 2024. prnewswire.com - 2 weeks ago
KORE Receives Continued Listing Standard Notice from NYSE KORE intends to cure the deficiency and return to compliance with NYSE listing standard ATLANTA , Sept. 16, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), a global leader in Internet of Things ("IoT") solutions and pioneering IoT hyperscaler, announced that on September 12, 2024, it received a notice ("Notice") from the New York Stock Exchange ("NYSE") notifying KORE that that it is not in compliance with Section 802.01B of the NYSE's Listed Company Manual ("Rule 802.01B") because KORE's average global market capitalization over a consecutive 30 trading-day period was less than $50 million, and, at the same time, its stockholders' equity was less than $50 million. prnewswire.com - 2 months ago
Compared to Estimates, Cerberus Telecom Acquisition (KORE) Q2 Earnings: A Look at Key Metrics The headline numbers for Cerberus Telecom Acquisition (KORE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 months ago
KORE Group Holdings, Inc. (KORE) Reports Q2 Loss, Misses Revenue Estimates KORE Group Holdings, Inc. (KORE) came out with a quarterly loss of $0.99 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $1.20 per share a year ago. zacks.com - 3 months ago
KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth Ron Totton appointed President and CEO and to the KORE Board of Directors Restructuring estimated to generate gross cash savings of $5 million to $6 million in 2024 with a $4 million to $5 million one-time severance charge and $20 million to $22 million gross cash savings annually thereafter 2024 guidance updated ATLANTA , Aug. 15, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the three and six months ended June 30, 2024. Q2 Highlights Second quarter 2024 revenue was $67.9 million, a 2% decrease from $69.5 million in the same period last year. prnewswire.com - 3 months ago
KORE to Report Second Quarter 2024 Results on August 15, 2024 ATLANTA , Aug. 7, 2024 /PRNewswire/ --  KORE Group Holdings, Inc .  (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on August 15, 2024, before the U.S. market opens it will release its financial results for the second quarter of 2024. prnewswire.com - 3 months ago
Top 4 Tech And Telecom Stocks That May Rocket Higher In July The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies. ` benzinga.com - 4 months ago
KORE Announces Appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer ATLANTA , July 8, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE:KORE) ("KORE," the "Company," "we" or "our), a global leader in Internet of Things ("IoT") Solutions and pioneering IoT hyperscaler, announced that Bruce Gordon has joined as Executive Vice President and Chief Operating Officer (COO), effective July 2, 2024. Gordon brings over three decades of technology sector experience, having held multiple significant leadership roles. prnewswire.com - 4 months ago
KORE to Effect a Reverse Stock Split KORE common stock expected to begin trading on a 1-for-5 split adjusted basis on July 1, 2024 ATLANTA , June 21, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced that its Board of Directors has approved a 1-for-5 reverse stock split of the Company's common stock. The reverse stock split is expected to become effective at 12:01 a.m. prnewswire.com - 4 months ago
Q2 2024 EPS Estimates for KORE Group Holdings, Inc. Decreased by Analyst (NYSE:KORE) KORE Group Holdings, Inc. (NYSE:KORE – Free Report) – Investment analysts at Roth Capital cut their Q2 2024 EPS estimates for KORE Group in a report issued on Thursday, May 16th. Roth Capital analyst S. Searle now forecasts that the company will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.07). The consensus estimate for KORE Group’s current full-year earnings is ($0.25) per share. Roth Capital also issued estimates for KORE Group’s Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.34) EPS, Q1 2025 earnings at ($0.08) EPS, Q2 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.22) EPS. Separately, Roth Mkm reissued a “buy” rating and set a $3.50 price target on shares of KORE Group in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.94. Check Out Our Latest Report on KORE KORE Group Price Performance Shares of KORE opened at $0.77 on Monday. The stock has a market capitalization of $64.26 million, a PE ratio of -0.41 and a beta of 2.71. The company has a 50 day moving average price of $0.77 and a 200-day moving average price of $0.77. The company has a debt-to-equity ratio of 13.25, a quick ratio of 1.26 and a current ratio of 1.37. KORE Group has a fifty-two week low of $0.32 and a fifty-two week high of $1.76. KORE Group (NYSE:KORE – Get Free Report) last released its quarterly earnings data on Monday, April 15th. The company reported ($0.26) earnings per share for the quarter. KORE Group had a negative net margin of 57.97% and a negative return on equity of 123.65%. The firm had revenue of $72.47 million during the quarter. Institutional Inflows and Outflows A hedge fund recently bought a new stake in KORE Group stock. Worth Venture Partners LLC acquired a new stake in KORE Group Holdings, Inc. (NYSE:KORE – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 37,038 shares of the company’s stock, valued at approximately $36,000. Hedge funds and other institutional investors own 57.45% of the company’s stock. About KORE Group (Get Free Report) 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 for the business market. The company's products include IoT connectivity-as-a-service; connectivity enablement-as-a-service; device management services; and security location based services. https://www.defenseworld.net - 5 months ago
KORE Group Holdings, Inc. (KORE) Q1 2024 Earnings Call Transcript KORE Group Holdings, Inc. (NYSE:KORE ) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Company Participants Vik Vijayvergiya - Director, Investor Relations Ronald Totton - Interim President and Chief Executive Officer Paul Holtz - EVP, Chief Financial Officer and Treasurer Conference Call Participants Lance Vitanza - TD Cowen Karan Juvekar - Morgan Stanley Scott Searle - Roth MKM Operator Greetings, and welcome to the KORE Group Holdings' Inc. First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. seekingalpha.com - 6 months ago
8. Profile Summary

KORE Group Holdings, Inc. KORE

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COUNTRY US
INDUSTRY Telecommunications Services
MARKET CAP $ 36.2 M
Dividend Yield 0.00%
Description KORE 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.
Contact 3700 Mansell Road, Alpharetta, GA, 30022 https://www.korewireless.com
IPO Date Dec. 11, 2020
Employees 600
Officers Mr. Ronald Weststrate Senior Vice President & Chief Technology Officer Mr. Bruce William Gordon Executive Vice President & Chief Operating Officer Ms. Karen Oyhenart Senior Vice President of Human Resources Niklas Ekarv Managing Director of EAP Mr. Jack William Kennedy Jr. Executive Vice President, Chief Legal Officer & Secretary Mr. Ronald Totton President, Chief Executive Officer & Director Mr. Jared Deith Executive Vice President of Connected Health Mr. Vik Vijayvergiya Vice President of Investor Relations Mr. Pete West Senior Vice President of Sales - North America Mr. Jason Dietrich Executive Vice President & Chief Revenue Officer