contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


xplora-technologies-watch-out-seniors-are-coming-abg

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Xplora Technologies AS is a Norwegian based company that develops and sells smartwatches designed to safely onboard children to the digital world. Xplora Technologies was listed on the Euronext Growth Oslo market in Nov 2020. Xplora Technologies gives parents the confidence to allow their children to play freely outside by providing connectivity and additional safety solutions whilst simultaneously incentivising physical activity and engagement with ESG initiatives through its digital Goplay platform. Together with producing and selling hardware Xplora Technologies generates recurring revenues from value-adding services and connectivity referred to as the Xplora Service Platform. Xplora also extends third-party licenses of the service platform to other smart devices producers, further extending upselling capabilities.

Xplora Technologies

* We lift '26e EBIT by 4% on a higher subscription base* 30% '25e-'28e EBIT CAGR driven by Senior subscriptions...* ...leading EV/EBIT to drop from 15x in '25e to 5.2x in '28eQ3e: Revenue NOK...

* We lift '26e EBIT by 4% on a higher subscription base* 30% '25e-'28e EBIT CAGR driven by Senior subscriptions...* ...leading EV/EBIT to drop from 15x in '25e to 5.2x in '28eQ3e: Revenue NOK 533m, EBIT NOK 62mWe forecast Q3 revenue of NOK 533m and EBIT of NOK 62m. Xplora has released strong subscription updates in Kids &amp; Youth (particularly in August), with subscriptions reaching 443k at the end of Q3, 4% above our estimate. Premium subscriptions also surpassed 100k in August. Factoring this into our estimates, we lift '25e-'26e service revenue by 1-2%, which in turn lifts '25e EBIT by 1% and '26e by 4%. Otherwise, our device and Senior estimates are unchanged.Positive first data point on Doro conversion rateWith ~1.5m Doro devices sold annually (~1m phones), converting Doro customers to Senior subscriptions is the key value driver. Doro Connect was successfully launched on the Swedish web store on 17 June, and is planned to be followed by the rest of the Nordics in Q3, and the UK, France, and Germany in Q4. In the first few weeks following the launch on the Swedish web store (web is ~10% of sales), the conversion rate was 13% on SIM-relevant devices. Given that 1/3 of Doro volumes go through the telco channel, a 13% conversion in other channels (web + retail) would imply a 9% conversion rate for phones only and 6% across all Doro devices. While this is a very early data point, the 6% conversion rate in the first weeks is promising, given 5-10% should be sufficient to drive strong double-digit earnings growth. We assume an 8% conversion rate from '27e (gradual ramp-up from 1% in '25e). Combined with modest growth in Kids &amp; Youth, this gives an 11% revenue CAGR and a 30% EBIT CAGR for '25e-'28e, resulting in EV/EBIT dropping from 15x in '25e to 5.2x in '28e.Fair value range of NOK 42-69/shareOn our '25e-'26e, Xplora is trading at 15-11x EV/EBIT and 15-12x EV/EBITDA-capex. This is 30-10% below peers on EV/EBITDA-capex. Our DCF scenarios point to NOK 42-69/share.