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 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
Latest filings (excl ownership)
10-K
2023 FY
Annual report
15 Apr 24
8-K/A
Results of Operations and Financial Condition
12 Apr 24
8-K
KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity
11 Apr 24
NT 10-K
Notice of late annual filing
2 Apr 24
8-K
Departure of Directors or Certain Officers
6 Feb 24
25-NSE
Exchange delisting
21 Dec 23
8-K
Entry into a Material Definitive Agreement
13 Dec 23
8-K
Entry into a Material Definitive Agreement
12 Dec 23
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
Transcripts
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 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
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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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) | 7.85 mm | 13.26 mm | 200.70 mm | 97.41 mm | n/a | n/a |
Cash remaining | 12.22 mm | 6.80 mm | -180.63 mm | -77.34 mm | n/a | n/a |
Runway (months of cash) | 10.7 | 3.5 | -6.2 | -5.4 | n/a | n/a |
Institutional ownership, Q2 2023
81.4% 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 Inc - Ordinary Shares | 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 |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | Tushar K. Sachdev | Common Stock | Grant | Acquire A | No | No | 0 | 16,109 | 0.00 | 160,096 |
4 Apr 24 | Tushar K. Sachdev | RSU Common Stock | Grant | Acquire A | No | No | 0 | 16,109 | 0.00 | 16,109 |
4 Apr 24 | Bryan Lubel | Common Stock | Grant | Acquire A | No | No | 0 | 16,109 | 0.00 | 118,364 |
4 Apr 24 | Bryan Lubel | RSU Common Stock | Grant | Acquire A | No | No | 0 | 16,109 | 0.00 | 16,109 |
4 Apr 24 | Paul Holtz | Common Stock | Payment of exercise | Dispose F | No | No | 0.71 | 9,775 | 6.94 k | 67,758 |
4 Apr 24 | Paul Holtz | Common Stock | Grant | Acquire A | No | No | 0 | 16,109 | 0.00 | 77,533 |
4 Apr 24 | Paul Holtz | RSU Common Stock | Grant | Acquire A | No | No | 0 | 16,109 | 0.00 | 16,109 |
4 Apr 24 | Jack William Jr. Kennedy | Common Stock | Grant | Acquire A | No | No | 0 | 11,276 | 0.00 | 85,472 |
4 Apr 24 | Jack William Jr. Kennedy | RSU Common Stock | Grant | Acquire A | No | No | 0 | 11,276 | 0.00 | 11,276 |
4 Apr 24 | Louise P Winstone | Common Stock | Payment of exercise | Dispose F | No | No | 0.71 | 3,967 | 2.82 k | 71,427 |
News
Roth MKM Maintains Buy on Kore Group Holdings, Maintains $3.5 Price Target
12 Apr 24
Kore Group Holdings Q4 Sales $72.40M Miss $77.79M Estimate
11 Apr 24
Earnings Scheduled For April 11, 2024
11 Apr 24
12 Communication Services Stocks Moving In Wednesday's Pre-Market Session
10 Apr 24
11 Communication Services Stocks Moving In Monday's Intraday Session
4 Mar 24
Press releases
KORE helps GoRout Tackle Communication Between Players and Coaches
15 Apr 24
KORE Reports Fourth Quarter and Full Year 2023 Results; Provides Full-Year 2024 Revenue Guidance of $300 to $305 Million Driven by IoT Connectivity
11 Apr 24
KORE to Report Fourth Quarter and Full Year 2023 Results on April 11, 2024
8 Apr 24
KORE and Medical Guardian Collaborate to Launch First eSIM-Powered Medical Alert Device
28 Feb 24
KORE Named a Leader by Gartner in the Magic Quadrant for Managed IoT Connectivity Services, Worldwide, for Fifth Consecutive Time
16 Feb 24