Xplora Technologies AS
OSE:XPLRA
Xplora Technologies AS
Xplora Technologies AS engages in the provision of wearable smart devices and services. The company is headquartered in Oslo, Oslo and currently employs 136 full-time employees. The company went IPO on 2020-11-18. Xplora's aim is to give children a safe introduction to a digital life, as well as a better balance between screen time and physical activity. The firm's vision is to facilitate children around the world to experience how their daily activities can create value and make a positive difference. Xplora’s offer includes such smartwatches as XGO3, X5 Play, XGO2 and XMOVE, as well as watch accessories, such as screen protectors, chargers, and power banks. Xplora Technologies AS has offices in Norway, Sweden, Finland, Denmark, United Kingdom, Germany, Spain and in the United States.
Xplora Technologies AS engages in the provision of wearable smart devices and services. The company is headquartered in Oslo, Oslo and currently employs 136 full-time employees. The company went IPO on 2020-11-18. Xplora's aim is to give children a safe introduction to a digital life, as well as a better balance between screen time and physical activity. The firm's vision is to facilitate children around the world to experience how their daily activities can create value and make a positive difference. Xplora’s offer includes such smartwatches as XGO3, X5 Play, XGO2 and XMOVE, as well as watch accessories, such as screen protectors, chargers, and power banks. Xplora Technologies AS has offices in Norway, Sweden, Finland, Denmark, United Kingdom, Germany, Spain and in the United States.
Revenue Surge: Group revenue grew 160% year-over-year in the first half to over NOK 800 million, with Q2 revenue up 143% to NOK 463 million.
Profitability: Reported EBITDA for the first half reached NOK 69 million, up from NOK 21 million last year, despite NOK 19 million in one-time costs related to acquisitions.
Margin Expansion: Gross margin increased by 6 percentage points in the first half, driven by new higher-margin products and favorable currency effects.
Subscription Growth: Total subscriptions ended Q2 at 393,000, with mobile connections up 22% year-over-year to 271,000 and annual recurring revenue at NOK 327 million.
Strong Cash Position: The company closed Q2 with a substantial cash balance of NOK 530 million, even after building up NOK 100 million in inventory for future demand.
Doro Momentum: Doro’s turnaround continued with growth driven by the launch of new products (Leva and Aurora series) and the rollout of Doro Connect SIMs, starting in Sweden.
SIM Conversion Improvement: SIM card activation rates climbed to a 12-month rolling average of 37% for Kids & Youth, with the latest quarter reaching 50%.
Guidance Update: The outlook was slightly revised to emphasize continued core business growth, successful rollout of Doro and Youth SIM services, and a focus on converting sales into subscriptions.
