Oslo, 18 April 2023: Xplora Technologies (‘Xplora’ or ‘the Company’) is today announcing a trading update for Q1 23.Group revenues for Q1 23 were NOK 97m, +32% y/y from group revenues of NOK 74m in Q1 22. Recurring service revenues amounted to NOK 49m, up 46% y/y from NOK 34m in Q1 22.Xplora exited Q1 23 with 160k subscribers, of which 10k subscribers were outside the Nordics. This represents a y/y growth of 29% from 124k subscribers at the end of Q1 22.Today’s announced figures are preliminary. Going forward, Xplora will focus on earlier quarterly updates, and will hence not release trading updates. Xplora will release its full Q1 23 report on 12 May 2023, four days earlier than stated in our Financial Calendar.
For further information please contact:
Sten Kirkbak, CEO +47 9220 3710 sten.kirkbak@xplora.com
Jonas Ringstad, Finance Director +47 4063 9886 jonas.ringstad@xplora.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.
