Xplora, the Norway-based smart device manufacturer, reported second-quarter revenue of NOK 422 million, falling short of the NOK 430.33 million consensus estimate compiled from three analysts. Revenue declined 9% from the same period last year, reflecting broader weakness in consumer demand and sentiment.
Gross profit for the quarter totaled NOK 228 million, with the gross margin improving to 54% from 50% in the prior-year period. The company attributed the margin expansion to higher recurring service revenue, supported by a 27% year-over-year increase in subscriptions. EBITDA for the quarter reached NOK 49 million.
Xplora also highlighted its strategic move to acquire the emporia Group, a deal aimed at strengthening its position in the senior segment. The transaction is expected to bolster subscription growth in that demographic. The company did not provide financial guidance for the current or future periods in its earnings release.
