As stated in our Q4 21 outlook statement we anticipate accelerating sales growth through the year with the lowest year-on-year growth in the first quarter. Xplora continues to build scale and distribution capacity in new and existing markets, which together with a broader connectivity and service offering are expected to support our growth ambitions for the year.
As published in a separate release on Monday April 11, Xplora has entered into a reseller agreement and has become an Approved Vendor with Walmart in the US market. Xplora is managing its US sales and logistics operations out of its New York City offices, and our first hires are in place. Our sales team continues to pursue new distribution partners in the North American market.
Xplora will release its full Q1 22 report on 25 May 2022.
For further information please contact:
Sten Kirkbak, CEO +47 9220 3710 email@example.com
Mikael Clement, CFO +47 9900 8000 firstname.lastname@example.org
Karen Guillot Ruiz, Business Analyst +47 9488 5859 email@example.com
About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change to the world. The company is headquartered in Norway with operations in leading European markets. The information contained in this statement has not been audited and may be subject to change.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.