← KORE Group Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net loss | ($23.4m) | ($35.2m) | ($24.5m) | ($106.2m) | ($167.0m) | ($146.1m) | ($63.0m) | — | |
| Depreciation and amortization | $48.1m | $52.5m | $50.4m | $54.5m | $58.4m | $56.2m | $54.9m | $56.2m | |
| Amortization of deferred financing costs | $2.1m | $2.3m | $2.1m | $2.4m | $2.2m | $2.6m | $2.6m | — | |
| Amortization of operating lease right-of-use assets | — | — | $0 | $2.2m | $2.3m | $1.3m | $1.3m | — | |
| Deferred income taxes | ($11.4m) | ($6.2m) | ($9.9m) | ($16.2m) | ($11.4m) | ($10.1m) | ($2.8m) | ($2.8m) | |
| Stock-based compensation expense | $1.7m | $1.2m | $4.6m | $10.3m | $11.3m | $8.5m | $2.1m | $2.1m | |
| Goodwill impairment | — | — | $0 | $58.1m | $78.3m | $65.9m | $0 | $0 | |
| Accounts receivable | $860k | ($6.1m) | ($11.9m) | $9.0m | ($7.7m) | $6.7m | ($2.8m) | ($2.8m) | |
| Provision for inventory write-downs | — | — | — | — | — | $1.0m | $2.0m | — | |
| Inventories | ($566k) | ($3.0m) | ($9.9m) | $6.5m | $2.0m | $1.5m | $1.2m | $1.2m | |
| Accounts payable and accrued liabilities | ($2.5m) | $13.1m | ($8.4m) | ($2.1m) | $13.0m | ($49k) | $1.5m | $1.5m | |
| Purchases of property and equipment in accounts payable and accrued liabilities | — | — | — | — | — | $783k | $62k | ($9.6m) | |
| Accrued interest due to affiliate | — | — | — | $0 | $2.5m | $21.3m | $24.1m | — | |
| Deferred revenue | ($44k) | $1.6m | ($805k) | $980k | $1.2m | ($418k) | $432k | — | |
| Prepaid expenses and other assets | $169k | ($2.0m) | ($1.7m) | ($2.0m) | ($87k) | $4.0m | $1.2m | — | |
| Other assets and liabilities | — | — | — | $0 | $1.5m | ($1.9m) | ($2.0m) | — | |
| Net cash provided by operating activities | $14.3m |
$26.5m
+85.72%
|
($14.8m)
-155.75%
|
$16.4m
+210.83%
|
($6.4m)
-139.25%
|
$9.9m
+254.32%
|
$18.5m
+86.62%
|
$18.5m
0.00%
|
|
| Purchases of property and equipment | ($2.4m) | ($1.8m) | ($4.2m) | ($3.3m) | ($4.4m) | ($2.8m) | ($2.7m) | ($9.6m) | |
| Net cash used in investing activities | ($50.4m) | ($11.6m) | ($13.4m) | ($62.5m) | ($20.2m) | ($13.5m) | ($9.6m) | ($9.3m) | |
| Repayment of debt | — | — | — | ($4.2m) | ($304.8m) | ($2.4m) | ($1.9m) | ($1.9m) | |
| Net cash used in financing activities | $37.0m |
($12.7m)
-134.37%
|
$104.1m
+918.16%
|
($4.7m)
-104.51%
|
$18.9m
+502.77%
|
($3.8m)
-120.00%
|
($2.1m)
+45.32%
|
($2.0m)
+2.18%
|
|
| Net increase (decrease) in cash and restricted cash | $719k | $2.0m | $75.7m | ($51.3m) | ($7.6m) | ($7.7m) | $7.3m | — | |
| Cash and restricted cash, beginning of year | $8.7m | $10.7m | $86.3m | $35.0m | $27.4m | $19.7m | $27.0m | — | |
| Restricted cash | — | — | — | — | $300k | $293k | $268k | — | |
| Effect of exchange rate changes on cash | — | — | ($226k) | ($451k) | $173k | ($405k) | $468k | $222k | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Change in fair value of warrant liabilities to affiliates | — | — | ($5.3m) | ($254k) | $6.4m | ($4.0m) | $2.4m | — | |
| Loss on lease termination | — | — | — | — | — | $0 | $322k | — | |
| Loss on sale of assets | — | — | — | — | — | $0 | $1.1m | — | |
| Provision for credit losses | $905k | $640k | $322k | $415k | — | $1.0m | $609k | — | |
| Unrealized (gain) loss on foreign currency translation | — | — | — | — | ($182k) | $5.0m | ($5.3m) | — | |
| Operating lease liabilities | — | — | — | ($1.5m) | ($1.8m) | ($1.5m) | ($1.3m) | — | |
| Additions to intangible assets | ($10.5m) | ($10.1m) | ($9.2m) | ($13.2m) | ($15.8m) | ($10.6m) | ($7.2m) | — | |
| Proceeds from sale of assets | — | — | — | — | — | $0 | $250k | — | |
| Purchase of treasury stock | ($80k) | ($200k) | $0 | $0 | ($2.8m) | ($431k) | $0 | — | |
| Principal payments under finance lease obligations | — | — | — | ($150k) | ($123k) | ($101k) | ($24k) | — | |
| Payment of employee tax withholdings through cancelled shares of stock | — | — | ($2.3m) | $0 | ($405k) | ($839k) | ($194k) | — | |
| Cash paid for interest | $24.0m | $21.5m | $19.9m | $29.2m | $35.3m | $28.9m | $26.9m | — | |
| Cash paid for income taxes (net of refunds) | $417k | $379k | $957k | $2.1m | $5.7m | $2.1m | $2.9m | — | |
| Operating lease right-of-use assets obtained in exchange for new operating lease liabilities | — | — | — | $3.4m | $1.6m | $485k | $1.2m | — | |
| Right-of-use asset derecognized in connection with early lease termination | — | — | — | — | — | $0 | $6.8m | — | |
| Cash | — | — | — | — | $27.1m | $19.4m | $26.7m | $18.5m |