KORE: Kore Group Holdings Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Kore Group Holdings Inc (KORE).
$54.77M Market Cap.
KORE Market Cap. (MRY)
KORE Shares Outstanding (MRY)
KORE Assets (MRY)
Total Assets
$455.83M
Total Liabilities
$555.43M
Total Investments
$0
KORE Income (MRY)
Revenue
$286.09M
Net Income
-$146.08M
Operating Expense
$262.72M
KORE Cash Flow (MRY)
CF Operations
$9.91M
CF Investing
-$13.46M
CF Financing
-$3.78M
KORE Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $455,833,000 (-22.34%) | $586,984,000 (-14.77%) | $688,681,000 (-9.42%) | $760,337,000 (8.62%) |
Assets Current | $79,963,000 (-21.59%) | $101,987,000 (-1.19%) | $103,220,000 (-36.03%) | $161,358,000 (159.20%) |
Assets Non-Current | $375,870,000 (-22.50%) | $484,997,000 (-17.16%) | $585,461,000 (-2.26%) | $598,979,000 (-6.08%) |
Goodwill & Intangible Assets | $353,901,000 (-23.49%) | $462,561,000 (-17.72%) | $562,210,000 (-4.05%) | $585,965,000 (-5.94%) |
Shareholders Equity | -$99,600,000 (-369.39%) | $36,973,000 (-79.54%) | $180,672,000 (-32.46%) | $267,522,000 (1223.32%) |
Property Plant & Equipment Net | $17,464,000 (-14.07%) | $20,323,000 (-7.28%) | $21,918,000 (79.07%) | $12,240,000 (-10.72%) |
Cash & Equivalents | $19,701,000 (-28.20%) | $27,437,000 (-21.62%) | $35,007,000 (-59.46%) | $86,343,000 (707.47%) |
Accumulated Other Comprehensive Income | -$3,778,000 (37.76%) | -$6,070,000 (5.01%) | -$6,390,000 (-84.52%) | -$3,463,000 (-106.50%) |
Deferred Revenue | $8,509,000 (-5.92%) | $9,044,000 (15.70%) | $7,817,000 (13.47%) | $6,889,000 (-11.36%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $6,653,000 (-19.01%) | $8,215,000 (-18.27%) | $10,051,000 (-35.03%) | $15,470,000 (164.81%) |
Trade & Non-Trade Receivables | $43,980,000 (-16.09%) | $52,413,000 (17.68%) | $44,538,000 (-13.71%) | $51,615,000 (26.94%) |
Trade & Non-Trade Payables | $14,827,000 (-38.18%) | $23,983,000 (34.47%) | $17,835,000 (11.44%) | $16,004,000 (-34.92%) |
Accumulated Retained Earnings (Deficit) | -$561,356,000 (-35.18%) | -$415,280,000 (-67.29%) | -$248,238,000 (-74.40%) | -$142,337,000 (-25.16%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $934,000 (665.57%) |
Tax Liabilities | $4,131,000 (-70.05%) | $13,795,000 (-45.24%) | $25,193,000 (-34.38%) | $38,392,000 (-10.89%) |
Total Debt | $307,220,000 (-0.71%) | $309,412,000 (-28.10%) | $430,341,000 (6.93%) | $402,441,000 (32.85%) |
Debt Current | $3,281,000 (-14.93%) | $3,857,000 (-46.10%) | $7,156,000 (115.15%) | $3,326,000 (-17.20%) |
Debt Non-Current | $303,939,000 (-0.53%) | $305,555,000 (-27.80%) | $423,185,000 (6.03%) | $399,115,000 (33.52%) |
Total Liabilities | $555,433,000 (0.99%) | $550,011,000 (8.27%) | $508,009,000 (3.08%) | $492,815,000 (18.49%) |
Liabilities Current | $66,090,000 (-8.17%) | $71,969,000 (47.35%) | $48,841,000 (-0.40%) | $49,039,000 (-6.09%) |
Liabilities Non-Current | $489,343,000 (2.36%) | $478,042,000 (4.11%) | $459,168,000 (3.47%) | $443,776,000 (22.02%) |
KORE Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $286,087,000 (3.43%) | $276,610,000 (3.04%) | $268,447,000 (8.06%) | $248,435,000 (16.22%) |
Cost of Revenue | $126,161,000 (-1.87%) | $128,563,000 (-0.46%) | $129,154,000 (6.42%) | $121,360,000 (23.93%) |
Selling General & Administrative Expense | $140,640,000 (8.03%) | $130,188,000 (16.14%) | $112,092,000 (21.44%) | $92,303,000 (26.65%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $262,719,000 (-1.53%) | $266,808,000 (18.76%) | $224,665,000 (57.51%) | $142,634,000 (13.77%) |
Interest Expense | $52,516,000 (21.47%) | $43,232,000 (35.80%) | $31,835,000 (36.87%) | $23,260,000 (-0.99%) |
Income Tax Expense | -$5,937,000 (-42.78%) | -$4,158,000 (60.08%) | -$10,417,000 (-18.70%) | -$8,776,000 (-65.02%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | -$146,076,000 (12.55%) | -$167,042,000 (-57.29%) | -$106,200,000 (-328.64%) | -$24,776,000 (29.62%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$146,076,000 (12.55%) | -$167,042,000 (-57.29%) | -$106,200,000 (-328.64%) | -$24,776,000 (29.62%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$146,076,000 (12.55%) | -$167,042,000 (-57.29%) | -$106,200,000 (-328.64%) | -$24,776,000 (29.62%) |
Weighted Average Shares | $19,246,799 (14.83%) | $16,761,646 (10.70%) | $15,142,181 (80.55%) | $8,386,610 (32.49%) |
Weighted Average Shares Diluted | $19,246,799 (14.83%) | $16,761,646 (10.70%) | $15,142,181 (80.55%) | $8,386,610 (32.49%) |
Earning Before Interest & Taxes (EBIT) | -$99,497,000 (22.25%) | -$127,968,000 (-50.94%) | -$84,782,000 (-723.77%) | -$10,292,000 (39.55%) |
Gross Profit | $159,926,000 (8.02%) | $148,047,000 (6.28%) | $139,293,000 (9.61%) | $127,075,000 (9.71%) |
Operating Income | -$102,793,000 (13.45%) | -$118,761,000 (-39.11%) | -$85,372,000 (-448.70%) | -$15,559,000 (-63.08%) |
KORE Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$13,455,000 (33.49%) | -$20,230,000 (67.66%) | -$62,547,000 (-366.11%) | -$13,419,000 (-15.65%) |
Net Cash Flow from Financing | -$3,782,000 (-120.00%) | $18,906,000 (502.77%) | -$4,694,000 (-104.51%) | $104,053,000 (918.16%) |
Net Cash Flow from Operations | $9,906,000 (254.32%) | -$6,419,000 (-139.25%) | $16,356,000 (210.83%) | -$14,758,000 (-155.75%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$7,736,000 (-2.19%) | -$7,570,000 (85.25%) | -$51,336,000 (-167.86%) | $75,650,000 (3680.61%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $0 (0%) | -$46,002,000 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$13,455,000 (33.49%) | -$20,230,000 (-22.27%) | -$16,545,000 (-23.30%) | -$13,419,000 (-12.11%) |
Issuance (Repayment) of Debt Securities | -$2,512,000 (98.02%) | -$126,823,000 (-2601.81%) | -$4,694,000 (-104.17%) | $112,585,000 (999.38%) |
Issuance (Purchase) of Equity Shares | -$431,000 (82.92%) | -$2,523,000 (0%) | $0 (0%) | $223,688,000 (111944.00%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$405,000 (-334.10%) | $173,000 (138.36%) | -$451,000 (-99.56%) | -$226,000 (-51.68%) |
Share Based Compensation | $8,481,000 (-24.62%) | $11,251,000 (9.28%) | $10,296,000 (125.59%) | $4,564,000 (293.11%) |
Depreciation Amortization & Accretion | $57,502,000 (-5.26%) | $60,694,000 (7.01%) | $56,717,000 (12.69%) | $50,331,000 (-4.11%) |
KORE Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 55.90% (4.49%) | 53.50% (3.08%) | 51.90% (1.37%) | 51.20% (-5.54%) |
Profit Margin | -51.10% (15.40%) | -60.40% (-52.53%) | -39.60% (-296.00%) | -10.00% (39.39%) |
EBITDA Margin | -14.70% (39.51%) | -24.30% (-131.43%) | -10.50% (-165.22%) | 16.10% (-3.01%) |
Return on Average Equity (ROAE) | 276.10% (280.10%) | -153.30% (-250.80%) | -43.70% (-146.89%) | -17.70% (75.00%) |
Return on Average Assets (ROAA) | -29.30% (-10.57%) | -26.50% (-86.62%) | -14.20% (-317.65%) | -3.40% (30.61%) |
Return on Sales (ROS) | -34.80% (24.84%) | -46.30% (-46.52%) | -31.60% (-670.73%) | -4.10% (48.75%) |
Return on Invested Capital (ROIC) | -30.00% (-1.01%) | -29.70% (-65.92%) | -17.90% (-562.96%) | -2.70% (49.06%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -0.42 (13.82%) | -0.49 (45.33%) | -0.9 (86.11%) | -6.48 (-24.42%) |
Price to Sales Ratio (P/S) | 0.22 (-26.94%) | 0.3 (-16.34%) | 0.35 (-68.80%) | 1.14 (-24.74%) |
Price to Book Ratio (P/B) | -0.55 (-123.92%) | 2.3 (332.14%) | 0.53 (-70.67%) | 1.81 (-89.41%) |
Debt to Equity Ratio (D/E) | -5.58 (-137.49%) | 14.88 (429.02%) | 2.81 (52.66%) | 1.84 (-91.05%) |
Earnings Per Share (EPS) | -7.59 (23.87%) | -9.97 (-42.43%) | -7 (-34.62%) | -5.2 (46.94%) |
Sales Per Share (SPS) | 14.86 (-9.93%) | 16.5 (-6.91%) | 17.73 (-40.15%) | 29.62 (-12.28%) |
Free Cash Flow Per Share (FCFPS) | -0.18 (88.43%) | -1.59 (-13150.00%) | -0.01 (99.64%) | -3.36 (-246.66%) |
Book Value Per Share (BVPS) | -5.17 (-334.59%) | 2.21 (-81.51%) | 11.93 (-62.59%) | 31.9 (898.72%) |
Tangible Assets Book Value Per Share (TABVPS) | 5.3 (-28.65%) | 7.42 (-11.12%) | 8.35 (-59.83%) | 20.79 (70.78%) |
Enterprise Value Over EBIT (EV/EBIT) | -3 (25.00%) | -4 (33.33%) | -6 (92.21%) | -77 (-285.00%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -8.19 (-11.69%) | -7.33 (57.53%) | -17.25 (-186.95%) | 19.84 (103.10%) |
Asset Turnover | 0.57 (30.75%) | 0.44 (22.63%) | 0.36 (5.29%) | 0.34 (13.33%) |
Current Ratio | 1.21 (-14.61%) | 1.42 (-32.94%) | 2.11 (-35.78%) | 3.29 (176.01%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$3,549,000 (86.68%) | -$26,649,000 (-14000.00%) | -$189,000 (99.33%) | -$28,177,000 (-294.30%) |
Enterprise Value (EV) | $343,710,906 (-30.28%) | $493,005,712 (1.82%) | $484,217,074 (-39.05%) | $794,493,772 (129.31%) |
Earnings Before Tax (EBT) | -$152,013,000 (11.21%) | -$171,200,000 (-46.81%) | -$116,617,000 (-247.57%) | -$33,552,000 (17.19%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$41,995,000 (37.58%) | -$67,274,000 (-139.71%) | -$28,065,000 (-170.09%) | $40,039,000 (12.91%) |
Invested Capital | $323,361,000 (-3.31%) | $334,429,000 (-29.29%) | $472,964,000 (7.14%) | $441,431,000 (39.22%) |
Working Capital | $13,873,000 (-53.78%) | $30,018,000 (-44.80%) | $54,379,000 (-51.59%) | $112,319,000 (1019.50%) |
Tangible Asset Value | $101,932,000 (-18.08%) | $124,423,000 (-1.62%) | $126,471,000 (-27.47%) | $174,372,000 (126.26%) |
Market Capitalization | $54,766,906 (-35.56%) | $84,993,712 (-11.58%) | $96,125,074 (-80.19%) | $485,208,772 (40.09%) |
Average Equity | -$52,915,750 (-148.57%) | $108,951,250 (-55.12%) | $242,775,250 (73.27%) | $140,111,000 (181.75%) |
Average Assets | $498,520,500 (-20.90%) | $630,239,750 (-15.88%) | $749,241,500 (2.52%) | $730,813,500 (2.58%) |
Invested Capital Average | $331,180,000 (-23.24%) | $431,469,250 (-8.92%) | $473,714,000 (23.06%) | $384,933,500 (20.28%) |
Shares | 17,008,356 (-1.92%) | 17,342,116 (13.66%) | 15,257,948 (5.97%) | 14,397,886 (112.22%) |
