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    XPLRA ME   NO0010895782

XPLORA TECHNOLOGIES AS

(XPLRA ME)
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XPLA TECH : Xplora Technologies Q3 20 Trading Update

12/03/2020 | 02:00am EDT
Oslo3 December 2020 - Xplora Technologies AS (Xplora) continued on its strong
growth path in Q3 20 with a strengthening sales momentum through the quarter.
Combined with improved gross profitability the company largely narrowed its
operating losses despite significant investments in the operation. The company
exited Q3 with a strong momentum into Q4 with a leading portfolio of kids'
smartwatches.<br />
<br />
Key highlights of the quarter:<br />
<br />
- Revenues up 168% y/y to NOK 46m with EBITDA losses narrowing to NOK 2.3m.<br
/>
- Q3 unit sales +143% y/y to 47k units with YTD unit sales +120% to 103k units
<br />
- Joint release with Deutsche Telekom of Xplora's industry-leading eSim
smartwatch for kids, the X5Pe, on schedule in August 2020.<br />
- Signed a new media-to-equity agreement with SevenVentures GmbH for marketing
in Germany.<br />
- Onboarding of new employees to strengthen team and execution power. <br />
- Several operational improvements related to cost reduction within key areas
such as logistics, freight, and product costs. <br />
<br />
<br />
Xplora achieved multiple operational accomplishments during Q3 20. Beyond
delivering on the joint eSim launch with Deutsche Telekom and significant sales
growth the company's operational priorities during the quarter were primarily
geared toward creating competitive advantage and creating a more profitable and
scalable model for further growth into Q4 and 2021. This demanded increasing
bandwidth within the team, opening our API to the platform/App, and reducing
logistical- and marketing costs.  <br />
<br />
Key operational highlights of the quarter:<br />
<br />
- Improvements in operational costs related to shipping, warehousing, and
logistics <br />
- Launched the world's first eSIM Smartwatch for kids, X5 Play, jointly with
Deutsche Telekom<br />
- As a part of the X5 Play launch, we released our new Xplora App for iOS and
Android with our Goplay activity platform fully integrated into the app,
including opening our API to onboard third-party products <br />
- Launched our first CSR Initiative to drive brand awareness, reduce acquisition
costs, and align with our brand values.<br />
<br />
Outlook:<br />
<br />
Xplora is experiencing a strengthening market momentum, which combined with a
leading product portfolio and strong market position in key markets leads to a
positive market outlook. The company recently announced that it has sold and
shipped more than 200,000 smartwatches for kids YTD, which puts the company in a
solid position to meet the current year target of 209,000 units sold. For
2021-22 the company has an ambition to sell 1.5m smartwatches and to introduce
and build new value-added service recurring revenue streams. <br />
<br />
Management will present the results on a webcast at 10.00am (CET). <br />
The presentation will be held in Norwegian.<br />
<br />
Link to webcast: <br />
https://teams.microsoft.com/l/meetup-join/19%3ameeting_OWYxYTRmMGQtZjE3MS00OWU5L
Tg0OTgtMGNhYTRmZWNkZDZm%40thread.v2/0?context=%7b%22Tid%22%3a%22156b047c-a56e-40
a2-9f11-b69d58cf5508%22%2c%22Oid%22%3a%22bc55bc95-46ba-4656-b9f1-98eaaa35742e%22
%7d<br />
<br />
For further information please contact:<br />
<br />
Sten Kirkbak<br />
Chief Executive Officer<br />
+47 9220 3710<br />
<br />
Mikael Clement<br />
Chief Financial Officer<br />
+47 9900 8000

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG -1.22% 17.45 Delayed Quote.16.68%
XPLORA TECHNOLOGIES AS 0.68% 37.05 Real-time Quote.61.09%
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Financials
Sales 2020 200 M 23,4 M 23,4 M
Net income 2020 -24,5 M -2,86 M -2,86 M
Net cash 2020 91,3 M 10,6 M 10,6 M
P/E ratio 2020 -29,9x
Yield 2020 -
Capitalization 1 474 M 171 M 172 M
EV / Sales 2019 -
EV / Sales 2020 3,21x
Nbr of Employees 77
Free-Float 39,9%
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Managers and Directors
Sten Kirkbak Chief Executive Officer
Mikael Clement Chief Financial Officer
Tore Engebretsen Chairman
Sanghyo Kim Chief Technology Officer
Jan Henrik Parmann Chief Operating Officer
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