Kore Group Holdings (Kore Group Holdings) Gross Margin % : 50.96% (As of Dec. 2023)

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What is Kore Group Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Kore Group Holdings's Gross Profit for the three months ended in Dec. 2023 was $36.9 Mil. Kore Group Holdings's Revenue for the three months ended in Dec. 2023 was $72.5 Mil. Therefore, Kore Group Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 50.96%.

The historical rank and industry rank for Kore Group Holdings's Gross Margin % or its related term are showing as below:

KORE' s Gross Margin % Range Over the Past 10 Years
Min: 51.15 Med: 53.52 Max: 62.36
Current: 53.52

During the past 5 years, the highest Gross Margin % of Kore Group Holdings was 62.36%. The lowest was 51.15%. And the median was 53.52%.

KORE's Gross Margin % is ranked better than
56.25% of 352 companies
in the Telecommunication Services industry
Industry Median: 49.06 vs KORE: 53.52

Kore Group Holdings had a gross margin of 50.96% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Kore Group Holdings was 0.00% per year.

Kore Group Holdings Gross Margin % Historical Data

The historical data trend for Kore Group Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kore Group Holdings Gross Margin % Chart

Kore Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

62.36

54.19

51.15

51.89

53.52

Kore Group Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial										53.99	54.05	54.39	54.84	50.96

Competitive Comparison of Kore Group Holdings's Gross Margin %

For the Telecom Services subindustry, Kore Group Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kore Group Holdings's Gross Margin % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kore Group Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Kore Group Holdings's Gross Margin % falls into.

Kore Group Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Kore Group Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	148	/	276.61
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(276.61 - 128.563)	/	276.61
	=	53.52 %

Kore Group Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	36.9	/	72.466
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(72.466 - 35.534)	/	72.466
	=	50.96 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Kore Group Holdings (NYSE:KORE) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Kore Group Holdings had a gross margin of 50.96% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Kore Group Holdings Gross Margin % Related Terms

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Kore Group Holdings (Kore Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kore Group Holdings Inc (NYSE:KORE) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346

Website

https://www.korewireless.com

Kore Group Holdings Inc provides Internet of Things (IoT) solutions and services. In addition to providing critical services to customers globally, it enables them to manage, deploy, and scale their IoT applications and use cases. It offers connectivity services, location-based services, device solutions, and managed and professional services for the development and support of IoT technology for the Machine-to-Machine market. It derives revenue from IoT Connectivity services, IoT Solutions services, SIMs (IoT Connectivity), and IoT devices (IoT Solutions).

Executives

Romil Bahl	director, officer: Chief Executive Officer	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Jason Dietrich	officer: EVP, Chief Rev. Officer	3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346
Twilio Inc	10 percent owner	101 SPEAR STREET, SUITE 500, San Francisco CA 94105
Robert P Macinnis	director	C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Tomer Yosef-or	director	C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199
Kennedy Jack William Jr.	officer: See Remarks	1871 ASPEN DR NE, ATLANTA GA 30345
Tushar K. Sachdev	officer: See Remarks	600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339
Paul Holtz	officer: See Remarks	C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022
Wood River Capital, Llc	10 percent owner	4111 E. 37TH STREET N, WICHITA KS 67220
James E Geisler	director	2087 BRIDGEPORT DR, LEXINGTON KY 40502
Paulett Eberhart	director	C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121
Mark A Neporent	director	C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022
Louise P Winstone	officer: See Remarks	3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022
R Michael Thurston	officer: See Remarks	1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309
Koch Industries Inc	10 percent owner	4111 EAST 37TH STREET NORTH, WICHITA KS 67220