07:32 / 9 juni 2022
Today ABG Sundal Collier sponsored research initiates coverage of Xplora Technologies. Read the full report here!
Xplora Technologies - A stock to watch
Xplora is a leading provider of children’s smartwatches. As of Q1’22 it had sold more than 750k watches since it was founded in 2016. The watches enable parents to keep in contact with their kids but are restricted to only showing child-friendly content. Xplora also receives recurring subscription revenues from the sale of its own mobile subscriptions and value-added software applications. In Q1’22 it had 124k mobile subscribers and recurring revenues was ~25% of its revenues. Xplora has established a strong market position, with 17% total market penetration in Norway and close to 6% for the Nordics overall.
