← KORE Group Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $169.2m |
$213.8m
+26.37%
|
$248.2m
+16.12%
|
$268.4m
+8.15%
|
$276.6m
+3.04%
|
$286.1m
+3.43%
|
$285.9m
-0.05%
|
$279.6m
-2.21%
|
|
| Total cost of revenue (exclusive of depreciation and amortization shown separately below) | $63.7m |
$97.9m
+53.82%
|
$122.2m
+24.81%
|
$129.2m
+5.67%
|
$128.6m
-0.46%
|
$126.2m
-1.87%
|
$128.0m
+1.47%
|
— | |
| Gross Profit | $105.5m |
$115.8m
+9.80%
|
$126.0m
+8.77%
|
$139.3m
+10.56%
|
$148.0m
+6.28%
|
$159.9m
+8.02%
|
$157.9m
-1.25%
|
$157.9m
-0.00%
|
|
| Selling, general, and administrative expenses | $65.3m | $72.9m | $91.7m | $112.2m | $130.2m | $140.6m | $115.5m | $117.9m | |
| Total operating expenses | $117.3m | $125.4m | $142.1m | $224.8m | $266.8m | $262.7m | $170.4m | $172.1m | |
| Operating loss | ($11.8m) |
($9.5m)
+19.38%
|
($16.2m)
-69.31%
|
($85.5m)
-429.28%
|
($118.8m)
-38.90%
|
($102.8m)
+13.45%
|
($12.5m)
+87.85%
|
($14.1m)
-13.22%
|
|
| Interest expense, including amortization of deferred financing costs | — | — | — | $31.8m | $43.2m | $52.5m | $53.4m | $53.8m | |
| Interest income | — | — | — | ($464k) | ($552k) | ($1.1m) | ($649k) | $763k | |
| Loss before income taxes | ($36.4m) | ($40.5m) | ($34.1m) | ($116.6m) | ($171.2m) | ($152.0m) | ($64.6m) | — | |
| Income tax benefit | ($12.9m) | ($5.3m) | ($9.7m) | ($10.4m) | ($4.2m) | ($5.9m) | ($1.6m) | — | |
| Net loss | ($23.4m) | ($35.2m) | ($24.5m) | ($106.2m) | ($167.0m) | ($146.1m) | ($63.0m) | — | |
| Basic (in dollars per share) | ($0.75) | ($1.11) | ($0.58) | ($1.40) | ($1.99) | ($7.59) | ($3.19) | — | |
| Diluted (in dollars per share) | ($0.75) | ($1.11) | ($0.58) | ($1.40) | ($1.99) | ($7.59) | ($3.19) | — | |
| Comprehensive loss | |||||||||
| Depreciation and amortization | $48.1m | $52.5m | $50.4m | $54.5m | $58.4m | $56.2m | $54.9m | $54.1m | |
| Goodwill impairment | — | — | $0 | $58.1m | $78.3m | $65.9m | $0 | $0 | |
| Change in fair value of warrant liabilities to affiliates | ($235k) | $7.5m | ($5.3m) | ($254k) | $6.4m | ($4.0m) | $2.4m | — | |
| Loss on sale of assets | — | — | — | — | — | $0 | $1.1m | — | |
| Other (income) expense, net | — | — | — | $128k | $739k | $1.9m | ($4.2m) | ($11.9m) | |
| Foreign currency translation adjustment | — | — | — | ($2.9m) | $320k | $2.3m | ($3.1m) | — |