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what it is
KORE sells the wireless plumbing that lets companies connect, track, and manage internet-connected devices.
how it gets paid
Last year Kore Hldgs made $286M in revenue. Connectivity services was the main engine at $147M, or 51% of sales.
what just happened
KORE posted $212M in revenue and still lost money.
At a glance
C balance sheet — red flag territory — real financial stress
-$7.59 fy2024 eps est
$286M fy2024 rev est
35.9% operating margin
1.2 beta
xvary composite: 10/100 — weak
What they do
KORE sells the wireless plumbing that lets companies connect, track, and manage internet-connected devices.
KORE sits inside your devices' daily traffic across 5 verticals. Connectivity means wireless links for devices. So what: if the link drops, your fleet tracker or health monitor goes dark. The company has 539 employees and $286M in revenue, so it runs a lot of plumbing with a small crew.
How they make money
$286M
annual revenue
Connectivity services
$147M
+2.5%
Device solutions
$44M
+4.0%
Managed services
$41M
+6.0%
Analytics and location services
$34M
+8.0%
Professional services
$20M
0.0%
The products that matter
managed device connectivity
IoT Connectivity
$200M · about 70% of revenue
it's about $200M of a $286M revenue base, so this segment is the company in practical terms. if it does not scale cleanly, the rest of the story does not save you.
core revenue base
deployment and support services
IoT Solutions & Services
$86M · about 30% of revenue
this is about $86M of revenue. in plain English: this is where KORE tries to prove it is more than a connectivity reseller with extra debt attached.
quality check
Key numbers
$286M
annual revenue
Revenue means sales. So what: KORE is a $286M company, not a hobby.
35.9%
operating margin
Operating margin means profit after running the business. So what: KORE burned 35.9 cents per sales dollar.
$445M
long-term debt
Debt means borrowed money. So what: lenders have a $445M claim on the business.
74%
debt share
Debt share means how much of the capital stack is borrowed. So what: 74% of capital is not yours.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $445M (74% of capital)
C — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for KORE right now.
source: institutional data · return history unavailable
What just happened
missed estimates
KORE posted $212M in revenue and still lost money.
Revenue was up 209% vs. prior year. EPS was -$2.27, so the business got bigger fast and stayed unprofitable.
$212M
revenue
-$2.27
eps
+209%
revenue growth
the number that mattered
The 209% revenue jump is the whole story. It says demand surged, but the -$2.27 EPS says losses still outran sales.
source: company earnings report, 2026
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What could go wrong
the #1 risk is the signed $9.25 Searchlight and Abry take-private agreement failing, slipping, or being repriced.
high
deal break risk
The signed cash consideration is $9.25, but the stock sits at $5.22. That 43% discount exists because the market does not view the agreement as a done deal. If the merger is terminated or repriced, the takeover math vanishes at once.
You go from merger math back to business quality and balance-sheet stress in one filing.
high
debt swamps the stand-alone case
KORE carries $445M of long-term debt against $286M of annual revenue. The business posted a 6.7% operating margin, yet the net margin was -24.5%. That gap tells you financing and other below-the-line costs are eating the operating result.
If the company has to stand alone, debt is the first thing you underwrite and the last thing equity holders get to ignore.
med
thin analyst coverage leaves fewer guide rails
Only two analysts provide estimates, and price target data is not available in the snapshot. When coverage is this thin, each filing carries more weight because there are fewer public models for the market to anchor to.
Expect sharper reactions when any update lands, because there is not much consensus to absorb the shock.
med
the operating story still has not earned trust
Revenue grew 3.4% last year to $286M, but scale has not produced durable profit for shareholders. The market is not giving KORE a growth multiple. It is giving it a deal spread.
If the merger path weakens, investors will ask whether this business can ever earn through the capital structure. Right now that answer is not on the page.
A failed or repriced deal would push you back onto a stand-alone business with $286M of revenue, $445M of long-term debt, and a -24.5% net margin.
source: institutional data · regulatory filings · risk analysis
Pay attention to
spread
the gap between $5.22 and $9.25
That discount is the live market vote on whether the deal closes. If it narrows, confidence is rising. If it widens, the market is getting less comfortable.
calendar
april 29, 2026 earnings
The next report matters less for headline EPS and more for any wording that changes confidence in financing, timing, or the stand-alone balance sheet.
metric
operating margin versus net margin
A 6.7% operating margin turning into a -24.5% net margin is the cleanest summary of the problem. You want to know whether that gap is shrinking.
risk
deal filings and financing language
Any amendment, delay, or shift in financing language now matters more than a normal product update. This stock trades on documents as much as operations.
Analyst rankings
coverage depth
two analysts
in human-speak, there are only two public scorekeepers on this stock.
earnings outlook
-$0.30
that's the full-year 2026 EPS estimate. The street still expects losses even with a sale process underway.
source: institutional data
Institutional activity
institutional ownership data for KORE is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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