KORE Group Holdings (KORE) AI Stock Analysis

• Market Cap: $39.47M
• Dividend Yield: N/A
• Average Volume (3M): 13.30K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: -1.52%
• EPS Growth: 22.36%
• Country: US
• Employees: 539
• Sector: Communication Services
• Sector Strength: 84
• Industry: Telecommunications Services
• EPS (TTM): N/A
• Shares Outstanding: 17,160,060
• 10 Day Avg. Volume: 7,721
• 30 Day Avg. Volume: 13,300
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -89.24
• Enterprise Value/Market Cap: 12.44
• Enterprise Value/Revenue: 0.43
• Enterprise Value/Gross Profit: 3.12
• Enterprise Value/Ebitda: -2.64
• 1Y Price Target: $6.00
• Price Target Upside: 160.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 47 Neutral
• Price Target: $2.50 ▲(8.70%Upside)

KORE Group Holdings' overall score reflects significant financial and valuation challenges. Despite some technical improvements and positive corporate events, the company's negative profit margins, financial instability, and valuation concerns weigh heavily on the score.

Positive Factors

Earnings

4Q24 results show improvement at both Connectivity and IoT Solutions.

Revenue Growth

Connectivity delivered revenue growth, rising connections, and higher ARPU, reinforcing its role as KORE's growth engine.

Negative Factors

ARPU Decline

ARPU was down 5% due in part to lower price points associated with some new customer wins.

Balance Sheet

Balance sheet challenges persist.

KORE Group Holdings Business Overview & Revenue Model

Company Description

KORE Group Holdings, Inc. provides Internet of Things (IoT) services and solutions worldwide. It offers connectivity, location-based, device solutions, and managed and professional services that are used in the development and support of IoT technology for the Machine-to-Machine market. The company provides Connectivity-as-a-Service; IoT solutions and analytics to fleet tracking companies; and asset monitoring, communications, and industrial IoT services. It serves customers operating in a range of sectors, including healthcare, fleet and vehicle management, asset management, communication services, and industrial/manufacturing. The company was founded in 2002 and is headquartered in Alpharetta, Georgia.

How the Company Makes Money

KORE Group Holdings generates revenue through several key streams. Primarily, the company earns money by providing managed IoT connectivity services, where they charge businesses for the data usage and connectivity required for IoT devices. This includes offering SIM cards and data plans that enable devices to communicate over cellular networks. Additionally, KORE offers IoT solutions and platforms that help businesses deploy and manage their IoT applications efficiently, generating revenue through subscription and service fees. The company also benefits from strategic partnerships with telecommunications operators and technology providers, which enhance their service offerings and expand their reach globally. These partnerships often involve revenue-sharing agreements and collaborative projects that contribute to KORE's earnings.

KORE Group Holdings Financial Statement Overview

Summary

KORE Group Holdings is facing significant financial challenges, including negative profit margins and declining revenue. The balance sheet shows financial distress with negative equity, and cash flow improvements are insufficient to address broader issues. Strategic restructuring may be necessary.

Income Statement

KORE Group Holdings' income statement reveals significant weaknesses. The TTM (Trailing-Twelve-Months) data shows a gross profit margin of 55.7%, which is solid. However, the net profit margin is deeply negative at -43.9%, indicating substantial losses. The company has seen inconsistent revenue growth, with a slight decline of 1.3% from the previous year. Additionally, the EBIT margin is -22.8% and the EBITDA margin is -8.8%, both reflecting operational inefficiencies.

Balance Sheet

The balance sheet of KORE Group Holdings presents concerning figures. The debt-to-equity ratio is not meaningful due to negative stockholders' equity, signaling financial distress. The equity ratio is also negative, further underscoring the company's liabilities exceeding its assets. Return on equity is not calculable due to negative equity, hinting at potential insolvency risks.

Cash Flow

Cash flow analysis shows some positive aspects. The operating cash flow to net income ratio is negative, indicating inefficiency in translating profits into cash. However, the free cash flow to net income ratio is more favorable at 0.02, suggesting some capacity to generate cash. The free cash flow growth rate is positive, marking a recovery from previous negative levels, but overall cash flow sustainability remains a challenge.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	282.25M	286.09M	276.61M	268.45M	248.22M	213.76M
Gross Profit	157.28M	159.93M	148.05M	139.29M	125.99M	115.83M
EBITDA	-24.84M	-41.99M	-67.27M	-28.07M	40.04M	35.46M
Net Income	-124.06M	-146.08M	-167.04M	-105.42M	-24.45M	-35.20M
Balance Sheet
Total Assets	445.13M	455.83M	586.98M	689.91M	759.60M	700.02M
Cash, Cash Equivalents and Short-Term Investments	19.66M	19.41M	27.14M	34.65M	85.98M	10.32M
Total Debt	11.44M	307.22M	309.52M	430.34M	402.90M	302.93M
Total Liabilities	560.03M	555.43M	550.01M	508.46M	487.46M	679.80M
Stockholders Equity	-114.90M	-99.60M	36.97M	181.45M	272.14M	20.22M
Cash Flow
Free Cash Flow	1.98M	-3.55M	-26.65M	-189.00K	-28.18M	14.50M
Operating Cash Flow	10.88M	9.91M	-6.42M	16.36M	-14.76M	26.47M
Investing Cash Flow	-11.05M	-13.46M	-20.23M	-62.55M	-13.42M	-11.60M
Financing Cash Flow	-3.11M	-3.78M	18.91M	-4.69M	104.05M	-12.72M

KORE Group Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KORE, the sentiment is Negative. The current price of 2.3 is below the 20-day moving average (MA) of 2.42, below the 50-day MA of 2.41, and above the 200-day MA of 2.22, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.19 is Neutral, neither overbought nor oversold. The STOCH value of 63.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KORE.

KORE Group Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UCL	70 Outperform	$69.17M	19.57	18.27%	―	7.68%	196.83%
Sector *	61 Neutral	$41.24B	-0.79	-14.21%	3.80%	2.39%	-73.52%
UONE	54 Neutral	$39.89M	―	-56.08%	―	-7.35%	-1093.79%
IZEA	52 Neutral	$43.33M	―	-28.40%	―	7.16%	-90.90%
KORE	47 Neutral	$39.47M	―	174.77%	―	-1.52%	22.36%
BODI	42 Neutral	$29.56M	―	-130.56%	―	-26.11%	57.68%
FLNT	41 Neutral	$38.86M	―	-123.16%	―	-15.07%	33.40%

KORE Group Holdings Corporate Events

KORE Group Holdings Stockholders Approve Board Proposals

At the 2025 annual meeting of stockholders held on June 10, 2025, KORE Group Holdings‘ stockholders approved all proposals recommended by the Board of Directors. The election of four Class I directors to serve until 2028 was confirmed, and BDO USA, P.C. was ratified as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (KORE) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on KORE Group Holdings stock, see the KORE Stock Forecast page.

KORE Group Appoints New CFO Anthony Bellomo

On June 2, 2025, KORE Group Holdings announced the appointment of Anthony Bellomo as Executive Vice President, Chief Financial Officer, and Treasurer, succeeding Paul Holtz, who departed from the role on May 30, 2025. Bellomo, who brings extensive financial leadership experience from Mitel Networks Corporation, will help KORE focus on profitable growth. Holtz will remain as a non-executive advisor until June 30, 2025, to ensure a smooth transition.

The most recent analyst rating on (KORE) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on KORE Group Holdings stock, see the KORE Stock Forecast page.

KORE Group Unveils New Investor Presentation

KORE Group Holdings announced that starting May 29, 2025, it will begin using a new Investor Presentation for discussions with investors and analysts throughout the fiscal year. The presentation highlights the company’s strategic focus on profitable revenue growth, cost optimization, and investment in next-generation eSIM products. With a strong emphasis on customer engagement and operational transformation, KORE aims to enhance its market position and drive growth in the IoT sector. The company continues to expand its global reach, offering managed services in over 180 countries and maintaining a robust customer base, including Fortune 500 enterprises.

The most recent analyst rating on (KORE) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on KORE Group Holdings stock, see the KORE Stock Forecast page.

KORE Group Restores NYSE Compliance After Filing Delay

KORE Group Holdings, Inc. had failed to timely file its Annual Report for the fiscal year ended December 31, 2024, resulting in a non-compliance notice from the New York Stock Exchange on April 16, 2025. However, after filing the report on April 30, 2025, the company was notified on May 1, 2025, that it is now in compliance with NYSE regulations.