Oslo, 25 November 2021 

Q3 21 marked another milestone quarter for Xplora Technologies (Xplora) with
sales more than doubling to NOK 108.0m and gross earnings up 4x from Q3 20 with
positive EBITDA. Xplora has secured a mobile subscriber base of more than
110,700 and recurring service sales grew 23% q/q to NOK 30.4m, representing 28%
of group sales. Higher recurring service revenues are driving stronger operating
leverage with gross margins up to 49%. The tech team has delivered on a number
of milestones, and business development activity has been high, laying the base
for further growth, new revenue streams and scalability

Sten Kirkbak, founder and CEO of Xplora Technologies commented: 'Xplora has
reported another quarter of strong growth and wider gross margins. I am proud of
the achievements Xplora has won, the growth that we have managed, the ecosystem
of global partners we have built and the market position we have secured. I am
confident that XploraŽs strong identity, our unique value proposition and
scalable business model will be winning factors in the continued development of
the industryŽ.  

Xplora was founded with the mission of giving children a safe onboarding to
digital life and encouraging a better balance between screen time and physical
activity. A total of 540,000 smartwatches for kids have been sold since the
company was launched, resulting in a rapid international expansion with offices
in Norway, UK, Germany and Spain and a sales footprint in 22 markets across
Europe and North America. 

Key highlights of the third quarter of 2021: 

- Q3 21 group revenues +135% y/y to NOK 108.0m
- Recurring service revenues +23% q/q to NOK 30.4m, representing 28% of sales
- Gross margins widened further to 49% from 43% in Q2 21. Positive EBITDA.
- NOK 114m in cash balances and 71% equity ratio
- Major deliveries from the tech and business development teams

'Growth continued at a high rate in Q3 21, partly driven by strong momentum in
recurring service sales, now at 28% of group sales. Gross margins widened
further, and EBITDA was positive, showing strength in our business model in very
challenging market environments. While our US market entry has proven more time
consuming than expected we remain positive to our outlook, both in new and
existing markets. Major deliveries on platform and service development and
buildup of our sales, tech, customer support and operations teams have driven up
the cost base in 2021. We aim to deliver higher operating leverage in 2022 as
major operational investments through 2021 will start paying off', says Mikael
Clement, CFO of Xplora Technologies.

Management will present the results on Thursday 25 November 2021 via webcast at
09.00am (CET). The presentation will be held in English. Link to webcast:
www.myxplora.com/investor 

For further information please contact: 
Sten Kirkbak, Chief Executive Officer: +47 9220 3710 
Mikael Clement, Chief Financial Officer: +47 9900 8000
Karen Guillot Ruiz, Business Analyst: +47 9488 5859


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.