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KORE Group (KORE) Revenue & Revenue Breakdown

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KORE Group Revenue Highlights

Latest Revenue (Y)

$276.61M

Latest Revenue (Q)

$68.92M

Main Segment (Y)

Service

Main Geography (Y)

UNITED STATES

KORE Group Revenue by Period

KORE Group Revenue by Year

DateRevenueChange
2023-12-31$276.61M3.04%
2022-12-31$268.45M8.15%
2021-12-31$248.22M16.12%
2020-12-31$213.76M26.37%
2019-12-31$169.15M-

KORE Group generated $276.61M in revenue during NA 2023, up 3.04% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

KORE Group Revenue by Quarter

DateRevenueChange
2024-09-30$68.92M1.55%
2024-06-30$67.87M-10.67%
2024-03-31$75.97M4.84%
2023-12-31$72.47M5.58%
2023-09-30$68.63M-1.30%
2023-06-30$69.54M5.40%
2023-03-31$65.97M5.70%
2022-12-31$62.42M-6.34%
2022-09-30$66.64M-5.28%
2022-06-30$70.35M2.05%
2022-03-31$68.94M7.22%
2021-12-31$64.30M-5.27%
2021-09-30$67.88M11.75%
2021-06-30$60.74M9.85%
2021-03-31$55.30M-3.77%
2020-12-31$57.46M3.99%
2020-09-30$55.26M8.22%
2020-06-30$51.06M2.17%
2020-03-31$49.98M-

KORE Group generated $68.92M in revenue during Q3 2024, up 1.55% compared to the previous quarter, and up 99.11% compared to the same period a year ago.

KORE Group Revenue Breakdown

KORE Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Service$212.65M$188.99M$187.96M
Hardware Sales$63.97M$69.09M-
Product-$79.46M$60.26M
Bill And Hold Hardware Sales-$10.74M-

KORE Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service (76.88%), and Hardware Sales (23.12%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Service$58.20M$57.32M$59.64M$47.19M$47.51M$48.10M$48.43M-----
Hardware Sales$10.72M$10.55M$16.34M$31.02M$16.50M$16.44M$12.34M$16.81M$20.93M---
Bill And Hold Hardware Sales----$2.27M$2.20M$3.24M$3.42M$1.65M---
Product------$15.22M$21.43M$16.20M$19.45M--
Deployment Services, Professional Services, And Other-------$3.50M$3.99M---

KORE Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (84.45%), and Hardware Sales (15.55%).

KORE Group Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
UNITED STATES$223.17M$211.60M

KORE Group's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (100.00%).

Quarterly Revenue by Country

CountrySep 24Jun 24Mar 24Dec 23Jun 23
UNITED STATES$58.20M$57.18M$63.62M$166.46M$56.71M
Non-US----$12.83M

KORE Group's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (100.00%).

KORE Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TLKPerusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk$149.22T$37.43T
KTKT$26.39T$6.65T
SKMSK Telecom$17.61T$4.47T
PHIPLDT$210.95B$54.22B
LBRDALiberty Broadband$54.61B$246.00M
TIMBTIM$23.83B$6.10B
LBTYALiberty Global$7.49B$1.94B
CABOCable One$1.68B$393.56M
CNSLConsolidated Communications$1.11B$271.09M
CCOICogent Communications$940.92M$260.44M
RBBNRibbon Communications$826.34M$210.24M
ATNIATN$762.22M$178.45M
SHENShenandoah Telecommunications Company$287.38M$85.80M
KOREKORE Group$276.61M$68.92M
ATEXAnterix--

KORE Revenue FAQ

What is KORE Group’s yearly revenue?

KORE Group's yearly revenue for 2023 was $276.61M, representing an increase of 3.04% compared to 2022. The company's yearly revenue for 2022 was $268.45M, representing an increase of 8.15% compared to 2021. KORE's yearly revenue for 2021 was $248.22M, representing an increase of 16.12% compared to 2020.

What is KORE Group’s quarterly revenue?

KORE Group's quarterly revenue for Q3 2024 was $68.92M, a 1.55% increase from the previous quarter (Q2 2024), and a 0.42% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $67.87M, a -10.67% decrease from the previous quarter (Q1 2024), and a -2.40% decrease year-over-year (Q2 2023). KORE's quarterly revenue for Q1 2024 was $75.98M, a 4.84% increase from the previous quarter (Q4 2023), and a 15.16% increase year-over-year (Q1 2023).

What is KORE Group’s revenue growth rate?

KORE Group's revenue growth rate for the last 3 years (2021-2023) was 11.44%, and for the last 5 years (2019-2023) was 63.53%.

What are KORE Group’s revenue streams?

KORE Group's revenue streams in c 23 are Service, and Hardware Sales. Service generated $212.64M in revenue, accounting 76.88% of the company's total revenue, up 12.52% year-over-year. Hardware Sales generated $63.96M in revenue, accounting 23.12% of the company's total revenue, down -7.42% year-over-year.

What is KORE Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of KORE Group was Service. This segment made a revenue of $212.64M, representing 76.88% of the company's total revenue.