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  "authorName": "Kore",
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  "presentationDate": "2023-08-01 00:00:00",
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      "text": "(1) DBNER is calculated by dividing trailing twelve-month revenue by prior year trailing twelve-month revenue for the same customer cohort in both periods. Excludes revenue from both non go-forward customers, and new customers that started generating revenue after the end of the base period\n(2) Adjusted DBNER excludes our largest customer",
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      "text": "Revenue (In millions USD)\nIoT Connectivity\nIoT Solutions\nTotal revenue\n(Unaudited)\nThree Months Ended\nJune 30,\n(Unaudited)\nSix Months Ended\nJune 30,\n2023\n2022\n2023\n2022\nRevenue\n%\nRevenue\n%\nRevenue\n%\nRevenue\n%\n$48.3\n69%\n$44.7\n63%\n$91.9\n68%\n$88.8\n64%\n21.3\n31%\n26.2\n37%\n43.6\n32%\n51.1\n36%\n$69.5\n100%\n$70.9\n100%\n$135.5\n100%\n$139.9\n100%\nGross Margin %\nIoT Connectivity\n65.2%\n65.4%\n65.2%\n63.6%\nIoT Solutions\n29.9%\n30.8%\n31.1%\n28.5%\nOverall Gross Margin %\n54.4%\n52.6%\n54.2%\n50.8%\nPeriod End Connections\n18.5\n15.2\n18.5\n15.2\nAverage Connections\n16.5\n15.2\n15.8\n15.1\nCount for the Period\nDBNER¹\n99%\n114%\n99%\n114%\nAdjusted DBNER2\n115%\n109%\n115%\n109%",
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