KORE Group Holdings, Inc. (NYSE:KORE) Q3 2023 Earnings Call Transcript

It’s about, I call it $450 million in that stage. It’s closer to $200 million in the proposal stage. And then combined between what is signed and what is in beta, you’re talking about another 80 odd million dollars of stuff that customers have literally said, yes, you’re our guy or our supplier. And then we’re going to do beta tests and so forth before we start to count it because we’ve found, we’ve learned from experience that sometimes the time between a contract signing and production revenue growing can be very long. And that’s why we introduced that new beta site stage. But anyway, so that’s the breakout is, call it $450 million, call it $200 million, call it 55-ish and $25-ish.

Romil Bahl: All right, thank you very much for the questions. I think that pretty much takes us to the end of our call. I want to thank everyone for taking the time to listen to our earnings call and we look forward to updating you with our fourth quarter results in March. Thanks very much.

Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.