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Kore Group Holdings (Kore Group Holdings) Net Margin % : -23.15% (As of Mar. 2024)


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What is Kore Group Holdings Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Kore Group Holdings's Net Income for the three months ended in Mar. 2024 was $-17.59 Mil. Kore Group Holdings's Revenue for the three months ended in Mar. 2024 was $75.98 Mil. Therefore, Kore Group Holdings's net margin for the quarter that ended in Mar. 2024 was -23.15%.

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

KORGW' s Net Margin % Range Over the Past 10 Years
Min: -60.39   Med: -16.47   Max: -9.97
Current: -57.97


KORGW's Net Margin % is ranked worse than
94.71% of 378 companies
in the Telecommunication Services industry
Industry Median: 4.215 vs KORGW: -57.97

Kore Group Holdings Net Margin % Historical Data

The historical data trend for Kore Group Holdings's Net 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 Net Margin % Chart

Kore Group Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
-13.86 -16.47 -9.97 -39.56 -60.39

Kore Group Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.03 -28.04 -138.94 -46.49 -23.15

Competitive Comparison of Kore Group Holdings's Net Margin %

For the Telecom Services subindustry, Kore Group Holdings's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % Distribution in the Telecommunication Services Industry

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

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



Kore Group Holdings Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

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

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=-167.042/276.61
=-60.39 %

Kore Group Holdings's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=-17.587/75.975
=-23.15 %

* 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.


Kore Group Holdings  (OTCPK:KORGW) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Kore Group Holdings Net Margin % Related Terms

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Kore Group Holdings (Kore Group Holdings) Business Description

Traded in Other Exchanges
Address
3 Ravinia Dr, Suite 500, Alpharetta, GA, USA, 30346
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).