KORE Wireless

OverviewSuggest Edit

KORE Wireless Group is a wireless network data provider. It specializes in Machine-to-machine (M2M) and Internet of things (IoT) solutions and technology. The Company maintains an installed base serving multiple vertical markets, including automotive, healthcare, energy and utilities, insurance, transportation, and retail. Its major areas of focus for value-added IT services are technology consulting, device engineering and certification, and M2M application integration.
TypePrivate
Founded2003
HQAlpharetta, GA, US
Websitekorewireless.com
Employee Ratings3

Latest Updates

Employees (est.) (Jul 2022)540(+3%)
Job Openings96
Revenue (FY, 2021)$248.2 M(+17%)
Cybersecurity ratingDMore
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Key People/Management at KORE Wireless

Romil Bahl

Romil Bahl

President, Chief Executive Officer, Director
Timothy M. Donahue

Timothy M. Donahue

Chairman of the Board
Louise Winstone

Louise Winstone

Executive Vice President and Chief Human Resources Officer
Tushar Sachdev

Tushar Sachdev

Executive Vice President and Chief Technology Officer
Jack Kennedy

Jack Kennedy

Executive Vice President and Chief Legal Officer
Gideon Ragovsky

Gideon Ragovsky

Senior Vice President, Americas
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KORE Wireless Office Locations

KORE Wireless has offices in Alpharetta, Cincinnati, Naples, Rochester and in 11 other locations
Alpharetta, GA, US (HQ)
3700 Mansell Rd #300
Cincinnati, OH, US
4460 Carver Woods Dr
Naples, FL, US
3200 Bailey Ln Suite 250
Rochester, NY, US
35 Bermar Park
Salem, NH, US
1 Stiles Rd # 202
Box Hill, AU
1/37 Prospect St
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KORE Wireless Financials and Metrics

Summary Metrics

Founding Date

2003
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KORE Wireless Revenue

KORE Wireless's revenue was reported to be $248.22 m in FY, 2021
USD

Revenue (FY, 2021)

248.2m

Gross profit (FY, 2021)

126.0m

Gross profit margin (FY, 2021), %

50.8%

Net income (FY, 2021)

(24.5m)

EBIT (FY, 2021)

(16.2m)

Cash (31-Dec-2021)

86.0m
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

169.2m213.8m248.2m

Cost of goods sold

63.7m97.9m122.2m

Gross profit

105.5m115.8m126.0m

Gross profit Margin, %

62%54%51%
Quarterly
USDQ2, 2020Q3, 2020Q2, 2021Q3, 2021

Revenue

51.1m55.3m60.7m67.9m

Cost of goods sold

25.5m35.0m

Gross profit

29.7m32.9m

Gross profit Margin, %

54%48%
Annual
USDFY, 2020FY, 2021

Cash

10.3m86.0m

Accounts Receivable

40.7m51.3m

Prepaid Expenses

5.4m7.4m

Inventories

5.8m15.5m
Quarterly
USDQ3, 2021

Cash

72.7m

Accounts Receivable

52.6m

Prepaid Expenses

14.5m

Inventories

12.1m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(23.4m)(35.2m)(24.5m)

Depreciation and Amortization

48.1m52.5m50.4m

Inventories

(566.0k)(3.0m)(9.9m)

Accounts Payable

(2.5m)13.1m(8.4m)
Quarterly
USDQ3, 2020Q3, 2021

Net Income

(19.5m)(12.5m)

Depreciation and Amortization

38.9m37.9m

Inventories

(2.7m)(6.5m)

Accounts Payable

8.1m(2.4m)
USDFY, 2019

Revenue/Employee

436.8k
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KORE Wireless Operating Metrics

May, 2022

Industries Served

4

Services Provided

6

Solutions

15

Trademarks (US)

4

KORE Wireless Acquisitions / Subsidiaries

Company NameDateDeal Size
Business Mobility PartnersFebruary 16, 2022
SIMON IoTFebruary 16, 2022
IntegronNovember 22, 2019$44.5 m
ASPIDER-NGIDecember 10, 2018
WylessMarch 09, 2016
RacoWirelessNovember 11, 2014
Aspider Holding B.V.
Aspider International Inc.
Aspider M2M Ltd.
Aspider Solutions Global Holdings Ltd.
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KORE Wireless Revenue Breakdown

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KORE Wireless revenue breakdown by business segment: 32.0% from IoT Solutions and 68.0% from IoT Connectivity

KORE Wireless Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

KORE Wireless Online and Social Media Presence

Embed Graph

KORE Wireless Blogs

KORE Premiers ‘Decade of IoT’ Podcast

Guests discuss business challenges they solve using IoT and provide insight and advice

KORE Reports Fourth Quarter and Full Year 2021 Results

ATLANTA – March 29, 2022 – KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (“CaaS”), today reported financial and operational results for the fourth quarter and full year ende…

KORE Names Industry Veteran Paul Holtz as Chief Financial Officer

Holtz previously held finance leadership roles with Technology and SaaS companies, most recently as Interim CFO of KORE

KORE Sets Fourth Quarter and Full Year 2021 Conference Call

ATLANTA (March 15, 2022) – KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), will hold a conference call on Tuesday, March 29 at 5:00 p.m. Eastern time (2:00 p.m. Pacifi…

KORE Sets March 2022 Financial Conference Schedule

ATLANTA (March 2, 2022) – KORE Group Holdings, Inc. (NYSE: KORE, KORE WS) ("KORE" or the "Company"), a global leader in Internet of Things (IoT) solutions and worldwide IoT Connectivity-as-a-Service (CaaS), is scheduled to participate at the following financial conferences during March 2022:

KORE President & CEO Romil Bahl Appointed to Board and Advisory Roles

Bahl recently appointed Chairman of IMC (the IoT M2M Council); to the Board of Directors of Perficient, a Public Company; and to the Forbes Technology Council
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KORE Wireless Frequently Asked Questions

  • When was KORE Wireless founded?

    KORE Wireless was founded in 2003.

  • Who are KORE Wireless key executives?

    KORE Wireless's key executives are Romil Bahl, Timothy M. Donahue and Louise Winstone.

  • How many employees does KORE Wireless have?

    KORE Wireless has 540 employees.

  • What is KORE Wireless revenue?

    Latest KORE Wireless annual revenue is $248.2 m.

  • What is KORE Wireless revenue per employee?

    Latest KORE Wireless revenue per employee is $459.7 k.

  • Who are KORE Wireless competitors?

    Competitors of KORE Wireless include Tarana Wireless, Kodiak Networks and Hamilton Relay.

  • Where is KORE Wireless headquarters?

    KORE Wireless headquarters is located at 3700 Mansell Rd #300, Alpharetta.

  • Where are KORE Wireless offices?

    KORE Wireless has offices in Alpharetta, Cincinnati, Naples, Rochester and in 11 other locations.

  • How many offices does KORE Wireless have?

    KORE Wireless has 15 offices.