KORE(US:KORE)2023-03-29 12:34Company Overview - KORE is building the world's first pure-play IoT enabler[18] - KORE has over 3,600 customers and 153 million connections[11, 60] - KORE's revenue visibility through 2022 is approximately 95%[11] Financial Performance - KORE's 2021 revenue was $248 million[152] - Q3 2022 revenue was $666 million, a decrease of 2% compared to September 30, 2021[72, 152] - KORE expects to exceed its $457 million revenue forecast for 2021-22 by $56 million+[61] - Adjusted EBITDA for the nine months ended September 30 was $471 million in 2022 and $470 million in 2021[5] Revenue Streams - IoT Connectivity accounted for 65% of revenue in both Q3 2022 and the nine months ended September 30, 2022[24, 72] - IoT Solutions accounted for 35% of revenue in Q3 2022 and the nine months ended September 30, 2022[24, 72] Market Positioning - KORE is positioned for growth in the IoT market, with a focus on industries representing over 80% of IoT spending[14, 63] - KORE's five focus industry sectors are growing fast[50]