the internet of things (iot) means many things to many people - the developer in a lab, the entrepreneur in a garage, the ceo in the corner office - each have their own vision. kore provides the people, expertise and technology to support the many visions of the iot, from the inspiration of things and the innovation of things to the internet of things. founded in 2003, kore quickly rose to become the world’s largest managed network services provider specializing in iot and machine-to-machine (m2m) communications. today, kore is a global leader in software service and platforms that power the iot, with millions of active on-network units. kore is the brand behind successful iot brands, and kore team members are the people powering iot: • sales and engineering teams delve deep into customer needs to understand their vision, creating customized solutions for rapid go-to-market timelines. • the technical support team ensures client technical issues are handled with urgency. • the device ce
Company profile
Ticker
KORE, KORGW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Intelsat • Globalstar • Cogent Communications • Calix • BuzzFeed • Boingo Wireless • Orbcomm • RigNet • uCloudlink • Spire Global ...
Former names
King Pubco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Aspider Holding B.V. • Aspider Solutions Global Holdings Ltd. • Aspider Solutions International Holdings Ltd. • Aspider Solutions Ireland Ltd. • Aspider Solutions Malta Ltd. • Aspider Solutions Nederland B.V. • BMP Simon Holdings, LLC • Business Mobility Partners, Inc. • ClearConnex, Inc. • Integron B.V. ...
KORE stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
KORE Receives Continued Listing Standard Notice from NYSE
16 Sep 24
8-K
KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth
15 Aug 24
424B3
Prospectus supplement
14 Aug 24
424B3
Prospectus supplement
14 Aug 24
424B3
Prospectus supplement
14 Aug 24
424B3
Prospectus supplement
14 Aug 24
10-Q
2024 Q2
Quarterly report
14 Aug 24
8-K
KORE Announces Appointment of Bruce Gordon as Executive Vice President and Chief Operating Officer
8 Jul 24
8-K
Material Modifications to Rights of Security Holders
27 Jun 24
8-K
Other Events
21 Jun 24
Transcripts
KORE
Earnings call transcript
2024 Q2
15 Aug 24
KORE
Earnings call transcript
2024 Q1
15 May 24
KORE
Earnings call transcript
2023 Q4
11 Apr 24
KORE
Earnings call transcript
2023 Q3
9 Nov 23
KORE
Earnings call transcript
2023 Q2
9 Aug 23
KORE
Earnings call transcript
2023 Q2
9 Aug 23
KORE
Earnings call transcript
2023 Q1
9 May 23
KORE
Earnings call transcript
2022 Q4
27 Mar 23
KORE
Earnings call transcript
2022 Q3
15 Nov 22
KORE
Earnings call transcript
2022 Q2
12 Aug 22
Latest ownership filings
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 22.56 mm | 22.56 mm | 22.56 mm | 22.56 mm | 22.56 mm | 22.56 mm |
Cash burn (monthly) | 254.33 k | 78.25 k | 19.05 mm | 13.75 mm | (no burn) | 152.67 k |
Cash used (since last report) | 965.41 k | 297.02 k | 72.31 mm | 52.21 mm | n/a | 579.50 k |
Cash remaining | 21.59 mm | 22.26 mm | -49.75 mm | -29.65 mm | n/a | 21.98 mm |
Runway (months of cash) | 84.9 | 284.5 | -2.6 | -2.2 | n/a | 144.0 |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 36 |
Opened positions | 30 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 23.12 bn |
Total shares | 142.64 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
FIG Buyer GP | 92.34 mm | $72.02 mm |
Kim | 10.00 mm | $21.20 bn |
Wood River Capital | 10.00 mm | $53.50 mm |
Cerberus Telecom Acquisition | 6.97 mm | $0.00 |
TWLO Twilio | 5.00 mm | $2.65 mm |
Terrdian CCPC | 4.98 mm | $33.59 mm |
Terrdian | 4.98 mm | $10.07 mm |
Dotmar Investments | 4.24 mm | $0.00 |
Vanguard | 1.51 mm | $641.22 mm |
RBF Capital | 882.35 k | $374.03 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 24 | Timothy M Donahue | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,000 | 0.00 | 38,590 |
30 Sep 24 | Timothy M Donahue | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,000 | 0.00 | 0 |
30 Sep 24 | Jack William Jr. Kennedy | Common Stock | Payment of exercise | Dispose F | No | No | 2.26 | 771 | 1.74 k | 18,965 |
30 Sep 24 | Jack William Jr. Kennedy | Common Stock | Option exercise | Acquire M | No | No | 0 | 2,641 | 0.00 | 19,736 |
30 Sep 24 | Jack William Jr. Kennedy | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,641 | 0.00 | 5,282 |
30 Sep 24 | Jared Deith | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,361 | 0.00 | 434,005 |
30 Sep 24 | Jared Deith | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,361 | 0.00 | 2,723 |
30 Sep 24 | Paul Holtz | Common Stock | Payment of exercise | Dispose F | No | No | 2.26 | 823 | 1.86 k | 17,695 |
30 Sep 24 | Paul Holtz | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,584 | 0.00 | 18,518 |
30 Sep 24 | Paul Holtz | Common Stock | Payment of exercise | Dispose F | No | No | 2.26 | 3,895 | 8.80 k | 16,934 |
News
TD Cowen Downgrades Kore Group Holdings to Hold, Announces $2 Price Target
23 Aug 24
KORE Group Holdings, Inc. Reports Q2 Loss, Misses Revenue Estimates
15 Aug 24
Kore Group Holdings Q2 2024 Adj. EPS $(0.99) Misses $(0.27) Estimate, Sales $67.868M Miss $75.934M Estimate
15 Aug 24
KORE Group Reveals Efforts To Prioritize Its Growth Initiatives And Improve Operational Efficiency, Including Reduction In Force Plan Affecting 19% Of Its Employee Base
15 Aug 24
Press releases
KORE Receives Continued Listing Standard Notice from NYSE
16 Sep 24
KORE and Social Mobile Collaborate on Mobility Solutions for Connected Health
27 Aug 24
KORE Reports Second Quarter 2024 Results; Announces Restructuring Plan Focused on Driving Profitable Growth
15 Aug 24
KORE Receives 2024 IoT LPWAN Excellence Award
8 Aug 24
KORE to Report Second Quarter 2024 Results on August 15, 2024
7 Aug 24