Kore Results Presentation Deck
KORE
KORE
Powering the
Interne Things
NO
100
Summary - Q1 2022 Earnings & 2022 Outlook
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Q1 2022 vs. Q1 2021
Total revenue of $68.9 million vs. $55.3 million (+25%)
IoT Connectivity of $44.1 million vs. $40.7 million (+8%)
IoT Solutions revenue of $24.8 million vs $14.6 million (+70%)
Net loss of $10.9 million, or $0.15 per share vs. $1.1 million, or $0.27 per share
DBNER was 122% vs. 108%
Adjusted EBITDA of $15.6 million vs. $16.4 million (-5%)
2022 Outlook
Reiterating 2022 Revenue Outlook of $260-265MM
KORE's two-year stack revenue for 2021-22 is forecast at $508-$513MM
compared to the forecast of $457MM provided in our 'go public' model
Adjusted EBITDA, a non-GAAP metric, of $63-64MM representing -24% margin
Ⓒ2022 KORE
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