Why Invest In KORE?
Q3'23 Reconciliation of Net Loss to EBITDA, Adjusted EBITDA
(Unaudited)
Three Months Ended
September 30,
(Unaudited)
Nine Months Ended
September 30,
(In millions USD)
Net loss
Net loss margin
Income tax benefit
2023
2022
2023
2022
($95.4)
($14.3)
($133.4)
($36.6)
(139.1%)
(21.6%)
(65.3%)
(17.8%)
(3.1)
(1.8)
(4.0)
(6.3)
Interest Expense
10.6
8.2
31.2
22.1
Depreciation & Amortization
EBITDA
14.5
13.7
43.1
40.6
($73.4)
$5.8
($63.0)
$19.8
Goodwill impairment
78.3
0.0
78.3
0.0
Change in FV of warrant liabilities (non-cash)
(0.0)
(0.1)
(0.0)
(0.3)
Transformation expenses
1.9
2.5
5.4
5.9
Acquisition costs
0.0
0.0
1.8
1.4
Integration-related restructuring costs
3.0
2.6
8.3
10.3
Stock-based compensation (non-cash)
3.4
3.0
9.0
7.6
Foreign currency loss (non-cash)
Other
Adjusted EBITDA
Columns may not sum due to rounding
0.8
1.1
1.0
1.6
0.2
0.3
0.9
0.9
$14.2
$15.1
$41.7
$47.2
KORE
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