Xplora Technologies AS: Trading update Q1 23 and new date for Q1 23 report

18 Apr 2023 08:00 CEST

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.

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