Kore Results Presentation Deck
Financial Highlights
Revenue (In millions USD)
IoT Connectivity
IoT Solutions
Total revenue
Gross Margin %
IoT Connectivity
IoT Solutions
Overall Gross Margin %
Period End Connections
Average Connections
Count for the Period
DBNER¹
Adjusted DBNER²
(1)
(2)
KORE
(Unaudited)
Three Months Ended
September 30,
2023
Revenue
$55.2
13.4
$68.6
61.7%
26.9%
54.9%
18.9
16.8
96%
104%
%
80%
20%
100%
2022
Revenue
$43.4
22.7
$66.1
64.6%
28.6%
52.3%
15.3
15.3
%
66%
34%
100%
100%
106%
(Unaudited)
Nine Months Ended
September 30,
2023
Revenue
$147.0
57.1
$204.1
63.9%
30.1%
54.4%
18.9
16.8
96%
104%
%
72%
28%
100%
2022
Revenue %
$133.5 65%
72.5
$206.0
35%
100%
64.3%
27.3%
51.3%
15.3
15.2
100%
106%
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
Adjusted DBNER excludes our largest customer
© 2023 KORE 7
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