Xplora Technologies (Xplora) continued its strong performance in Q4 20 with
strong growth in smartwatches for children and corresponding record revenues
ahead of expectations, in addition to delivering on a number of new initiatives
in both development, sales and operations.  

Group revenues for Xplora reached NOK 108m in Q4 20, for FY 2020 revenues of NOK
200m. This represents a y/y revenue growth of 361% in Q4 20 and 228% in FY 2020.
 Xplora sold a total of 216k smartwatches in 2020*, up 191% from 74k units in
2019. In Q4 20 Xplora sold a total of 116k smartwatches vs 27k in Q4 19. 

Exiting 2020 Xplora had firm orders for delivery in Q1 21 of 51k smartwatches.
In Q1 20 Xplora sold a total of 24k smartwatches. 

´We are very proud of our delivery of sales growth, operational improvements,
new customer relations and a number of new development initiatives in 2020, an
unprecedented year for all of us, and are moving into 2021 with an historically
strong momentum´, says CEO Sten Kirkbak. 

Operational highlights Q4 20:

- Group revenues of NOK 108m on sold volume of 116k smartwatches in Q4 20. 
- NOK 200m group revenue in FY 2020 including recurring service revenue NOK 8m.
- Cash and equivalents stood at NOK 118m at 31 December 2020 including interest
bearing debt of NOK 25m (Innovasjon Norge).
- Secured new orders from the D Telekom group in Hungary (Magyar Telekom),
Croatia (Hrvatski Telekom) and Austria (Magenta Telekom). 
- Started integration for the 2021 release of Xplora Connect in collaboration
with Gigs GmbH. 
- We added 5 development resources to the team to accelerate development of new
services and secure IP.
- Signed a MOU with Trondheim Municipality, Bærekraftsenteret (Geneva UN Charter
Centre of Excellence on SDG City Transition in Trondheim) for cooperation on
meeting UN´s Sustainable Development Goals in addition to initiating several
other potential ESG projects with corporates.
- Group headcount exiting 2020 was 40, up from 21 at y/e 2019.

The complete Q4 20 report will be released on 25 February 2021 at 08.00am CET.

Contact:

Sten Kirkbak, CEO +47 922 03 710 sten@myxplora.com
Mikael Clement, CFO +47 990 08 000 mikael@myxplora.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 to the world. The company is headquartered in Norway with operations in
leading European markets.

The information contained in this statement has not been audited and may be
subject to change. 

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

*Sold smartwatch volume excluding accessories and returns.

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© Oslo Bors ASA, source Oslo Stock Exchange