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Xplora Technologies Q4 21: Closing another record year with positive EBITDA

Xplora Technologies Q4 21: Closing another record year with positive EBITDA

Oslo, 17 February 2022 – Xplora Technologies (Xplora) today published its Q4 21 and 2021 unaudited results. Xplora closed another record year with revenues +115% to NOK 431.4m, positive EBITDA NOK 19.2m, and a strong cash balance of NOK 140m.

“We have closed another record year with revenues more than doubling, sharply improving our gross margins, positive EBITDA earnings, and exit the year with positive cash flows in Q4 and a strong cash balance supporting expected growth plans” says Mikael Clement, CFO of Xplora Technologies.

“2021 has been another milestone year for Xplora where we have strengthened our team, market position, distribution capacity, and business model in addition to refining our product and service offerings while delivering record revenues and financial results. We are aiming to reinforce our market lead through an ambitious OEM product roadmap and widened service offering, to establish new MVNO operations and grow revenues by at least 50% in 2022” says Sten Kirkbak, CEO of Xplora Technologies.

Key highlights of Q4 2021:
  • Revenues +62% y/y to NOK 176.0m
  • Recurring service revenues NOK 33.6m
  • Gross margin 47.7% (36.5%) with gross earnings +111% y/y to NOK 84.0m
  • Record EBITDA at NOK 28.6m (NOK 6.4m) for an EBITDA margin of 16.2%
  • Net change in cash NOK 26.0m with NOK 139.8m cash balances

Key highlights for 2021:
  • Revenues NOK 431.4m, +115% y/y
  • Recurring service revenues NOK 90.7m
  • 123k subscribers at year-end, up from 77k in 2020
  • Positive full-year EBITDA NOK 19.2m, margin 4.4%
Q4 video presentation:

For further information please contact:
Sten Kirkbak, CEO +47 9220 3710
Mikael Clement, CFO +47 9900 8000

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 in the world. The company is headquartered in Norway with operations in leading European markets.

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