As of August 19, 2024, Xplora Technologies has surpassed a significant
milestone, reaching 300K subscriptions. So far in August, we have gained 16K new
subscriptions. This achievement is the result of our continued focus on
increasing service revenues and is part of our long-term target of 1 million
subscriptions.
We expect our churn rate to be consistent with historic numbers, but now
churning from a higher subscription base, we expect a more moderate net growth
in subscriptions.
Note: Subscriptions encompass connectivity plans (mobile subscriptions), premium
services, B2B service revenues, and service fees for Xplora smartwatches without
Xplora mobile subscriptions (Nordics). Xplora has seasonal changes, especially
related to Back-to-school and the Festive Season. The net growth in the
subscription base will therefore fluctuate throughout the year.
For further information please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Knut Stålen, CFO, +47 92043458, knut.stalen@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 in the world. The company is headquartered in Norway with operations in
leading European markets. Xplora is listed on Euronext Growth under the ticker
symbol XPLRA.