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Xplora Technologies AS: Trading update Q2 22

Xplora Technologies AS: Trading update Q2 22
Xplora Technologies AS: Trading update Q2 22 Oslo, 13 July 2022: Xplora Technologies (‘Xplora’) is today announcing a trading update for Q2 22.

Group revenues for Q2 22 were NOK 107m, +15% y/y from group revenues of NOK 93.4m in Q2 21. Recurring service revenues amounted to NOK 35m, up 44% y/y from NOK 24.2m in Q2 22. Recurring service revenues represented 32% of group revenues in Q2 22.

Xplora exited Q2 22 with 134.4k mobile subscribers, a y/y growth of 42% from 94.4k subscribers at the end of Q2 21.

Xplora is in process of implementing a new ERP system and today’s announced figures are preliminary. Xplora will release its full Q2 22 report on 17 August 2022.

For further information please contact:
Sten Kirkbak, CEO +47 9220 3710 sten.kirkbak@xplora.com
Mikael Clement, CFO +47 9900 8000 mikael.clement@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.

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.