Oslo ,27 January 2023 : Xplora Technologies ('Xplora' or 'the Company') is today announcing a trading update for Q4 22. Xplora group revenues in 2022 wereNOK 500.5m , a growth of 16% fromNOK 431.4m revenues in 2021. Recurring service revenues wereNOK 152.2m in 2022, +68% y/y fromNOK 90.7m in 2021. Group revenues for Q4 22 wereNOK 177.3m , +1% y/y from group revenues ofNOK 176.0m in Q4 21. Recurring service revenues amounted toNOK 40.9m , up 21% y/y fromNOK 33.6m in Q4 22. Xplora exited 2022 with 156.9k subscribers, a y/y growth of 27% from 123.4k subscribers at the end of 2021. Of the total subscriber base 6.0k were outside the Nordics at the end of 2022. Xplora will release its Q4 22 and preliminary 2022 report on1 March 2023 . For further information please contact:Sten Kirkbak , CEO +47 9220 3710 sten.kirkbak@xplora.comMikael Clement , CFO +47 9900 8000 mikael.clement@xplora.com AboutXplora 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 inNorway 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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