KORE Group Holdings, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue
Total cost of revenue (exclusive of depreciation and amortization shown separately below) $63.7m $97.9m $122.2m $129.2m $128.6m $126.2m $128.0m
Total operating expenses $117.3m $125.4m $142.1m $224.8m $266.8m $262.7m $170.4m
Comprehensive loss
Depreciation and amortization $48.1m $52.5m $50.4m $54.5m $58.4m $56.2m $54.9m
Goodwill impairment $0 $58.1m $78.3m $65.9m $0
Operating loss ($11.8m) ($9.5m) ($16.2m) ($85.5m) ($118.8m) ($102.8m) ($12.5m)
Interest income ($464k) ($552k) ($1.1m) ($649k)
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
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)
Foreign currency translation adjustment ($2.9m) $320k $2.3m ($3.1m)
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)
Selling, general, and administrative expenses $65.3m $72.9m $91.7m $112.2m $130.2m $140.6m $115.5m
Interest expense, including amortization of deferred financing costs $31.8m $43.2m $52.5m $53.4m
Other (income) expense, net $128k $739k $1.9m ($4.2m)