KORE Group Holdings, Inc. [Rocket]

Overview

KORE Group Holdings, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/03/2023	4	Bahl Romil (Pres., CEO) has filed a Form 4 on KORE Group Holdings, Inc.
10/03/2023	4	Kennedy Jack William Jr. (EVP, Chief Legal Officer & Sec) has filed a Form 4 on KORE Group Holdings, Inc.
10/03/2023	4	Lubel Bryan (Exec. VP., Connected Health) has filed a Form 4 on KORE Group Holdings, Inc.
10/03/2023	4	Winstone Louise P (EVP, Chief HR Officer) has filed a Form 4 on KORE Group Holdings, Inc.
10/03/2023	4	Sachdev Tushar K. (EVP & Chief Technology Officer) has filed a Form 4 on KORE Group Holdings, Inc.
10/03/2023	4	Holtz Paul (Exec. Vice Pres., CFO & Treas.) has filed a Form 4 on KORE Group Holdings, Inc.
10/03/2023	4	DONAHUE TIMOTHY M (Director) has filed a Form 4 on KORE Group Holdings, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
Revenues	268.4	248.2	213.8	169.2
Revenue growth	8.2%	16.1%	26.4%
Cost of goods sold	129.2	122.2	97.9	63.7
Gross profit	139.3	126.0	115.8	105.5
Gross margin	51.9%	50.8%	54.2%	62.4%
Selling, general and administrative	112.2	91.7	72.9	65.3
EBITA	-27.4	30.5	38.5	35.5
EBITA margin	-10.2%	12.3%	18.0%	21.0%
Amortization of intangibles		46.7	48.0	43.4
EBIT	-27.4	-16.2	-9.5	-7.9
EBIT margin	-10.2%	-6.5%	-4.5%	-4.7%
Pre-tax income	-115.4	-34.1	-40.5	-36.4
Income taxes	-10.0	-9.7	-5.3	-12.9
Tax rate	8.7%	28.4%	13.1%	35.6%
Net income	-105.4	-24.5	-35.2	-23.4
Net margin	-39.3%	-9.9%	-16.5%	-13.9%

Diluted EPS	($1.39)	($0.58)	($1.11)	($0.75)
Shares outstanding (diluted)	75.7	41.9	31.7	31.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.