Oslo 25 February 2021 - Xplora Technologies AS (Xplora) closed last year on a
strong note with an all-time high 2020-sales of NOK 200 million (+228%),
reaching the target of 30% gross margin on devices and a positive EBITDA and
cash flow in Q4 2020.

«We entered 2020 with great ambitions and closed the year with even stronger
accomplishments and new goals. With accelerating sales growth exceeding our
volume target for the year, proving the scalability of our business model and
generating positive earnings in the final quarter of the year is a team effort
we are proud of», says Sten Kirkbak, CEO of Xplora Technologies.

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 350.000 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. 

Key highlights of the fourth quarter 2020:
- Q4 20 revenue up 363% to NOK 108.7m with adjusted EBITDA NOK 11.6m. 
- 116k smartwatches sold in Q4 20 +332% y/y. 216k units sold for the year (74k).

- Gross margin 36.5% (35.2% adjusted) in Q4 20, 29.9% for the year, reaching our
target of 30% gross margin on devices. 
- NOK 100m gross proceeds private placement and successful listing on Euronext
Growth
- Extended partnership with D Telekom with smartwatch wins in new geographies
with D Telekom subsidiaries. 
- Signed agreement with Gigs GmbH for the 2021 release of Xplora's global
connectivity solution for Sim, eSim and VoIP. 
- Released Xplora's entry level smartwatch XGO2, securing two new manufacturing
partners. 

«The fourth quarter 2020, a seasonally strong quarter, marked a record quarter
for Xplora in a number of ways. This includes delivering on our previously
announced sales and gross margin targets, driving positive EBITDA and cash flow
from operations for the first time in the company's history. The operational
improvements and the continued underlying improvement in gross margins are
especially welcome giving rising supply constraints in value chain, long lead
times an upward pressure on several components in addition to logistical
challenges in the freight market», says Mikael Clement, CFO of Xplora
Technologies AS.

Industry analysts and component suppliers are forecasting strong growth in the
market for smartwatches for children over the next years with Europe and North
America anticipated to secure a higher share of the market. 
«We experience strong and rising interest for our products, both devices and
platforms. We aim to sell 500.000 devices in 2021, rising to one million devices
in 2022. Further we will widen our revenue base through the introduction of a
variety of recurring service revenue streams and licensing», Kirkbak says.

Management will present the results on Thursday February 25 2021 via a 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

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