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  "documentTitle": "Kore | Investor Presentation Deck | 32 slides",
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  "authorName": "Kore",
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  "presentationDate": "2023-12-01 00:00:00",
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      "text": "Diverse Revenue Base: KORE serves over 4,000 customers with over 90% of revenues derived from the top 300 customers and no customer accounting for greater than 10% percent of total revenue.",
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      "text": "Strong Competitive Moat: The 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": "KORE is the Only Public IoT Pure-Play: KORE'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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      "text": "Well Positioned In Growth Industries like Connected Health: KORE's Connected Health vertical accounts for 35% - 40% of total revenue; Fleet is over 15% and combined 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": "Significant Recurring Revenue: Approximately 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": "Accelerating Long-Term Organic Growth: KORE is targeting mid-to-high single-digit 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": "Refinanced Balance Sheet/Improved Cash Flow: KORE has reduced total debt from ~$424 million to $305 million through a term loan refinancing and $150 million strategic investment from Searchlight Capital, which as increased cash flow flexibility and added cash to the balance sheet.",
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      "text": "Why Invest In KORE?",
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