Xplora Technologies AS: Monthly Subscriptions Update – June 2024

05 Jul 2024 09:15 CEST

As of June 30, 2024, Xplora Technologies has 281k paying subscriptions, a 49%
increase from June 2023 (189k).

This quarter's highlights:
- 52k new subscriptions (gross), up 73% from 30k in Q2 23

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.

More information:
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