As of March 31, 2024, Xplora Technologies had 255k active subscriptions, a 51%
increase from March 2023 (169k). 
 
This quarter's highlights: 
- 29k new subscriptions (gross), up 12% from 26k in Q1 23 
 
Due to seasonality, Xplora typically has seen a flat level in total
subscriptions in Q1, which has also been the case this year. We expect our churn
rate to be consistent with historic numbers, but now churning from a higher
subscription base, we expect a more moderate net growth in subscriptions.  
 
We continue to commit in providing monthly updates on subscriptions until the
end of Q2 2024, with a reassessment thereafter. 
 
Note: Subscriptions encompass connectivity plans (mobile subscriptions), premium
services, telco operator revenue share, and service fees for Xplora smartwatches
without Xplora mobile subscriptions (Nordics). Xplora has seasonal changes,
especially related to Back-to-school and the Festive Season. The net growth in
the subscription base will therefore fluctuate throughout the year. 
 
For further information please contact: 
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com 
Knut Stålen, CFO, +47 92043458, knut.stalen@xplora.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 in the world. The company is headquartered in Norway with operations in
leading European markets. Xplora is listed on Euronext Growth under the ticker
symbol XPLRA.