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  "documentTitle": "Kore | Investor Presentation Deck | 34 slides",
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  "authorName": "Kore",
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  "presentationDate": "2023-06-01 00:00:00",
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      "text": "Exceeding Financial Targets\nKORE has met or exceeded its financial targets in five consecutive quarters since going public in October 2021. As a result, KORE exceed its $457MM revenue forecast for 2021-22 by $60 million.",
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      "text": "Strong Competitive Moat\nThe company's strong portfolio of intellectual property and its 45 carrier integrations provide KORE with a competitive moat that is difficult for competitors to replicate.",
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      "text": "Accelerating Long-Term Organic Growth\nKORE is targeting 12% to 15% revenue growth in 2023, a mid-to-high teens growth rate in 2024, positioning KORE to be a 20% top line grower with an EBITDA margin in excess of 20% by 2025 (Rule of 40).",
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      "text": "Diverse Revenue Base\nKORE serves over 3,600 customers with over 90% of revenues derived from the top 300 customers and only one customer accounting for a low-double digit percent of total revenue.",
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      "text": "Significant Recurring Revenue\nApproximately 85% of KORE's revenue is recurring. KORE's IoT Connectivity customers may have thousands of devices deployed for multiple years with high switching costs.",
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      "text": "Well Positioned In Growth Industries like Connected Health\nKORE's Connected Health vertical accounts for approximately 40% of total revenue; Fleet is over 15% and combine with Industrial IoT, Asset Monitoring and Communications Services Providers & Retail, KORE targets industries with over 80% of the IoT spend in the marketplace today.",
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      "text": "KORE is the Only Public IoT Pure-Play\nKORE's singular focus is on helping customers adopt IoT. We simplify the complexities that have held IoT back, and we help our customers Deploy, Manage and Scale their IoT use cases. KORE orchestrates the IoT ecosystem, and provides IoT connectivity, solutions, and analytics services.",
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