TacticScaleWhat KORE Does & How It Makes Money (KORE)
Updated October 2026 · reflects KORE's latest reported financials
IoT connectivity and services provider linking devices to cellular networks. KORE mainly earns recurring revenue by selling IoT connectivity and connectivity enablement as a service to business customers.
How KORE makes money
KORE mainly earns recurring revenue by selling IoT connectivity and connectivity enablement as a service to business customers. It also sells hardware such as SIM cards and IoT devices, and charges fees for device management, security software, and managed and professional services.
What KORE does
KORE Group Holdings works behind the scenes of the Internet of Things. It supplies the wireless connections and supporting tools that let everyday business equipment, such as delivery trucks, tracked assets, medical devices, and factory machines, send data securely. Founded in 2002 and based in Atlanta, KORE serves customers in the United States and abroad. KORE provides the whole stack in one place: connectivity and location-based services, SIM cards and devices, device management and security software, and managed and professional services. Its customers are mainly in healthcare, fleet and vehicle management, asset management, communication services, and industrial manufacturing. KORE's role is to take on the network complexity so these businesses can focus on their connected products.
Products & services
- IoT connectivity-as-a-service
- Connectivity enablement-as-a-service
- Device management services
- Security software services
- IoT SIM cards
- IoT devices
What is KORE worth?
On an owner-earnings DCF, KORE's most-likely value is about $11 versus a recent price near $9 (21% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$6) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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