Kore Investor Presentation Deck
Q3'23 Financial Performance
Revenue (In millions USD)
loT Connectivity
IoT Solutions
Total revenue
Gross Margin %
IoT Connectivity
IoT Solutions
Overall Gross Margin %
(Unaudited)
Three Months Ended
September 30,
2023
Revenue
$55.2
13.4
$68.6
61.7%
26.9%
54.9%
%
80%
20%
100%
18.9 million
18.7 million
96%
104%
2022
Revenue
$43.4
22.7
$66.1
64.6%
28.6%
52.3%
%
66%
34%
100%
15.3 million
Period End Connections
Average Connections
Count for the Period
DBNER¹
Adjusted DBNER²
(1)
DBNER is calculated by dividing trailing twelve-month revenue by prior year trailing twelve-month revenue for the same customer cohort in both periods. Excludes revenue from
both non go-forward customers, and new customers that started generating revenue after the end of the base period
(2) Adjusted DBNER excludes our largest customer
KORE
15.3 milion
100%
106%
(Unaudited)
Nine Months Ended
September 30,
2023
Revenue
$147.0
57.1
$204.1
63.9%
30.1%
54.4%
18.9 million
%
72%
28%
100%
16.8 million
96%
104%
2022
Revenue
$133.5
72.5
$206.0
64.3%
27.3%
51.3%
%
65%
35%
100%
15.3 million
15.2 million
100%
106%
19View entire presentation