KORE Group (KORE) Revenue & Revenue Breakdown
KORE Group Revenue Highlights
Latest Revenue (Y)
$276.61M
Latest Revenue (Q)
$67.87M
Main Segment (Y)
Service
Main Geography (Y)
UNITED STATES
KORE Group Revenue by Period
KORE Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $276.61M | 3.04% |
| 2022-12-31 | $268.45M | 8.15% |
| 2021-12-31 | $248.22M | 16.12% |
| 2020-12-31 | $213.76M | 26.37% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $67.87M | -10.67% |
| 2024-03-31 | $75.97M | 4.84% |
| 2023-12-31 | $72.47M | 5.58% |
| 2023-09-30 | $68.63M | -1.30% |
| 2023-06-30 | $69.54M | 5.40% |
| 2023-03-31 | $65.97M | 5.70% |
| 2022-12-31 | $62.42M | -6.34% |
| 2022-09-30 | $66.64M | -5.28% |
| 2022-06-30 | $70.35M | 2.05% |
| 2022-03-31 | $68.94M | 7.22% |
| 2021-12-31 | $64.30M | -5.27% |
| 2021-09-30 | $67.88M | 11.75% |
| 2021-06-30 | $60.74M | 9.85% |
| 2021-03-31 | $55.30M | -3.77% |
| 2020-12-31 | $57.46M | 3.99% |
| 2020-09-30 | $55.26M | 8.22% |
| 2020-06-30 | $51.06M | 2.17% |
| 2020-03-31 | $49.98M | - |
KORE Group generated $67.87M in revenue during Q2 2024, up -10.67% compared to the previous quarter, and up 102.87% compared to the same period a year ago.
KORE Group Revenue Breakdown
KORE Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Service | $212.65M | $188.99M | $187.96M |
| Hardware Sales | $63.97M | $69.09M | - |
| Bill And Hold Hardware Sales | - | $10.74M | - |
| Product | - | $79.46M | $60.26M |
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/Service | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Service | $57.32M | $59.64M | $47.19M | $47.51M | $48.10M | $48.43M | - | - | - | - | - |
| Hardware Sales | $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 Jun 24: Service (84.46%), and Hardware Sales (15.54%).
KORE Group Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 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
| Country | Jun 24 | Mar 24 | Dec 23 | Jun 23 |
|---|---|---|---|---|
| UNITED STATES | $57.18M | $63.62M | $166.46M | $56.71M |
| Non-US | - | - | - | $12.83M |
KORE Group's latest quarterly revenue breakdown by geography, as of Jun 24: UNITED STATES (100.00%).
KORE Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TLK | Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk | $149.22T | $37.43T |
| KT | KT | $26.39T | $6.65T |
| SKM | SK Telecom | $17.61T | $4.47T |
| PHI | PLDT | $210.95B | $54.22B |
| LBRDA | Liberty Broadband | $54.61B | $246.00M |
| TIMB | TIM | $23.83B | $6.10B |
| LBTYA | Liberty Global | $7.49B | $1.87B |
| CABO | Cable One | $1.68B | $394.46M |
| CNSL | Consolidated Communications | $1.11B | $268.71M |
| CCOI | Cogent Communications | $940.92M | $266.17M |
| RBBN | Ribbon Communications | $826.34M | $192.62M |
| ATNI | ATN | $762.22M | $183.28M |
| SHEN | Shenandoah Telecommunications Company | $287.38M | $85.80M |
| KORE | KORE Group | $276.61M | $67.87M |
| ATEX | Anterix | - | - |
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 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). The company'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). KORE's quarterly revenue for Q4 2023 was $72.47M, a 5.58% increase from the previous quarter (Q3 2023), and a 16.10% increase year-over-year (Q4 2022).
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.