Xplora Technologies

Xplora's monthly subscription metrics indicate that the Xplora Kids subscriber base concluded August 2026 at 542k subscribers (no split for subscriber base provided by the company). New subscriber conversion was robust, achieving a gross inflow of 42k...

* We cut '26e EBIT by 15% and '27e by 32% * Long-term potential still intact, but likely to take more time * EV/EBIT drops from 12.0x in '26e to 5.7x in '28e Lower volumes and slow retail roll-out... Xplora delivered a disappointing Q2 report, with revenues...

Xplora reported soft revenue and gross profit for the historically seasonally neutral Q2, 9% and 5% lower than Bloomberg consensus, respectively. The shortcoming that is stealing all the focus, however, is the slow development in the Senior (Doro) segment...

* Q2 EBITDA 13% below cons on lower senior device sales * Doro Connect first retail pilot complete, Norway rollout from September * Expect cons to lower '26 EBITDA by 4-6%, share to follow EBITDA NOK 49m, -13% vs cons Revenue was NOK 422m, 9% below cons...

Xplora's Q2 revenue came in at NOK 422m in a seasonally neutral quarter, -9% lower than consensus. Gross profit came in at NOK 228m, -5% weaker than consensus. Opex was higher than consensus, and EBITDA came in at NOK 49m, 7m lower than consensus driven...