Kore Results Presentation Deck
Summary - Q4 2022 Earnings
KORE
Q4 2022 vs. Q4 2021
Total revenue of $62.4 million vs. $64.4 million (-3%)
IoT Connectivity of $43.7 million vs. $43.3 million (+1%)
loT Solutions revenue of $18.7 million vs. $21.1 million (-11%)
Gross margin of 54.1% vs. 48.1% (+600 bps)
Net loss of $68.8 million¹, or $0.90 per share vs. $12.0 million, or $0.17 per share
• DBNER was 92% vs. 122% (103% vs. 115% excluding our largest customer)
Adjusted EBITDA of $15.7 million vs. $13.1 million (+20%)
Adjusted EBITDA margin of 25.1% vs. 20.3% (+480 bps)
Cash used in operating activities of $5.1 million vs. $5.3 million
●
●
●
●
●
●
¹Includes a non-cash goodwill impairment charge of $55.4 million
© 2023 KORE 7
●
●
●
●
●
●
●
●
●
●
..
●
●●
●
●
●
●
●
● ●
.
● ●
●
●
●
● ●
●
●
•
● ●
●
e
●View entire presentation