Norway · Delayed Price · Currency is NOK Xplora Technologies AS Earnings Call Transcripts
Fiscal Year 2025
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Record Q4 and full-year results with revenue, gross profit, and EBITDA all sharply higher year-over-year. Subscription base grew 33%, driven by both youth and senior segments, and new product launches like XploraOne and premium senior services are expanding the addressable market.
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High-margin service revenue and hardware sales drive strong financials, with recent Doro acquisition boosting scale and profitability. New products for youth and seniors aim to reduce churn and expand the customer base, while SIM bundling and regulatory trends support future growth.
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Record Q3 results with revenue up 103% and gross profit up 122% year-over-year, driven by higher SIM attachment rates and strong Doro performance. Service revenue and subscription base reached new highs, with a robust cash position and plans for further MVNO expansion and product launches.
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Revenue surged 160% year-over-year to over NOK 800 million in H1, with EBITDA up 220% to NOK 69 million, driven by strong product launches, higher SIM conversion rates, and expansion into new markets. Recurring revenue and gross margin also improved significantly.
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Q1 2025 saw group revenue surge 188% YoY to NOK 339 million, driven by the Doro acquisition and strong recurring service growth. Cash position strengthened to NOK 545 million, and the company is on track to launch new youth and senior products, targeting 1 million subscriptions in 4–5 years.
Fiscal Year 2024
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Revenue grew 18% year-over-year, with EBITDA more than doubling to NOK 72 million and recurring service revenue up 30%. The acquisition of Doro and new youth and senior product launches are set to double market reach and drive further growth, with a strong focus on service revenue and profitability.
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The company leads the kids' smartwatch market in Europe and the U.S., with strong recurring revenue from high-margin SIM subscriptions. Strategic moves include expanding into youth and senior segments via a partnership with HMD and the acquisition of Doro, aiming for 1 million subscriptions and significant EBITDA growth.
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Revenue grew 35% year-over-year to NOK 257 million, with strong service and device sales driving a 45% increase in gross profit and EBITDA reaching NOK 30 million. Strategic moves include the Doro acquisition, U.S. expansion with AT&T, and a youth market partnership with HMD.
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The acquisition will create a European leader in both kids and senior tech markets, focusing on driving SIM card activations and recurring service revenue. The deal is fully debt-financed, with strong shareholder support and a strategy to maintain separate brands while leveraging distribution and product synergies.
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Second-highest quarterly revenue achieved, with strong growth in recurring service revenue and subscriptions. Focus remains on driving SIM-based unit growth, ARPU, and profitability, targeting 1 million subscriptions in 4–5 years.
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Aiming for 1 million subscriptions in 4–5 years, the company is expanding its product portfolio, scaling recurring service revenues, and entering new markets and verticals. Strategic partnerships, technology upgrades, and a focus on profitability underpin this growth plan.