Xplora publishes Q4 22 trading statement falling short of guidance interval
Xplora released its Q4 2022 trading statement this morning, revealing full-year revenues of NOK 500.5m, a growth year-on-year of 16%, which fell short of the company’s revised guidance of annual revenue growth of 20-30%. Recurring revenues FY 2022 were NOK 152.2m, a year-on-year growth of 68%.
In Q4, group revenues were NOK 177.3m, a growth of 1% y/y, demonstrating a challenging Q4 in the face of economic headwinds and inventory build-up. Recurring revenues amounted to NOK 40.9m, up 21% y/y; however, down 5% from the previous quarter (Q3 22), which realised NOK 42.9m from recurring revenues. Xplora exited 2022 with 156.9k subscribers, y/y growth of 27% and q/q growth of 6%.
Xplora will release more details regarding its Q4 results on 1 March 2023, when it publishes its Q4 2022 report and preliminary FY 2022 report.
Read the full update: https://live.euronext.com/en/node/12022181
Disclaimer: HC Andersen Capital receives payment from Xplora for a Digital IR/corporate visibility subscription agreement/ Philip Coombes 09:40 27.01.2023
