Xplora Technologies AS: Monthly Subscriptions Update – August 2024

03 Sep 2024 15:52 CEST

As of August 31, 2024, Xplora Technologies has 314k subscriptions, a 46%
increase from August 2023 (215k).

This month’s highlights: - 29k new subscriptions (gross), the highest monthly
increase in the company's history.

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.

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.


For further information please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Knut Stålen, CFO, +47 92043458, knut.stalen@xplora.com

More information:
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