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, KORE-WT
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
King Pubco, Inc.
SEC CIK
Corporate docs
Subsidiaries
Aspider Holding B.V. • Aspider International Inc. • Aspider M2M Ltd. • 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. ...
KORE stock data
Latest filings (excl ownership)
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
6 Dec 23
8-K
Investor Presentation 1 December 2023
1 Dec 23
8-K
KORE Announces Completion of Comprehensive Debt Refinancing and Strategic Investment
16 Nov 23
424B3
Prospectus supplement
9 Nov 23
424B3
Prospectus supplement
9 Nov 23
424B3
Prospectus supplement
9 Nov 23
424B3
Prospectus supplement
9 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Announces Successful Refinancing and Preferred Stock
9 Nov 23
8-K
KORE Receives Continued Listing Standard Notice from NYSE
6 Sep 23
Transcripts
KORE
Earnings call transcript
2023 Q3
9 Nov 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
KORE
Earnings call transcript
2022 Q1
17 May 22
KORE
Earnings call transcript
2021 Q4
29 Mar 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
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| 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) | 20.06 mm | 20.06 mm | 20.06 mm | 20.06 mm | 20.06 mm | 20.06 mm |
| Cash burn (monthly) | 1.15 mm | 1.94 mm | 29.28 mm | 14.21 mm | (no burn) | (no burn) |
| Cash used (since last report) | 2.66 mm | 4.49 mm | 67.97 mm | 32.99 mm | n/a | n/a |
| Cash remaining | 17.41 mm | 15.57 mm | -47.90 mm | -12.92 mm | n/a | n/a |
| Runway (months of cash) | 15.2 | 8.0 | -1.6 | -0.9 | n/a | n/a |
Institutional ownership, Q2 2023
78.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 67 |
| Opened positions | 30 |
| Closed positions | 15 |
| Increased positions | 3 |
| Reduced positions | 19 |
| 13F shares | Current |
|---|---|
| Total value | 23.70 bn |
| Total shares | 67.72 mm |
| Total puts | 0.00 |
| Total calls | 769.61 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| TWLO Twilio | 10.00 mm | $14.70 mm |
| Kim | 10.00 mm | $12.20 bn |
| Wood River Capital | 10.00 mm | $53.50 mm |
| Cerberus Telecom Acquisition | 6.97 mm | $0.00 |
| Terrdian CCPC | 4.98 mm | $33.59 mm |
| Terrdian | 4.98 mm | $10.07 mm |
| Dotmar Investments | 4.22 mm | $0.00 |
| LMR Partners | 2.91 mm | $348.82 mm |
| Liberty Mutual Group Asset Management | 1.60 mm | $1.95 mm |
| FIG Fortress Investment | 1.45 mm | $1.40 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Nov 23 | Romil Bahl | Common Stock | Buy | Acquire P | No | No | 0.62 | 10,000 | 6.20 k | 734,279 |
| 21 Nov 23 | Romil Bahl | Common Stock | Buy | Acquire P | No | No | 0.6 | 2,514 | 1.51 k | 724,279 |
| 16 Nov 23 | Romil Bahl | Common Stock | Buy | Acquire P | No | No | 0.45 | 10,000 | 4.50 k | 721,765 |
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