Xplora Technologies AS: Monthly Subscriptions Update November 2024

06 Dec 2024 11:10 CET

As of November 30, 2024, Xplora Technologies has 331k subscriptions, an
increase of 98k from November 2023 (233k).

This month's highlight:

* 15k new subscriptions (gross)
* Germany is the largest gross contributor with 5k additions

Subscription sales are following a trend that is closely aligned with the
pattern observed in Q4 2023. November is a month when many consumers
traditionally buy the Xplora smartwatch but wait to activate the service plan
until the holiday season.

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:
Access the news on Oslo Bors NewsWeb site

634031_Xplora Technologies AS- Monthly Subscriptions Update November 2024.pdf