Redeye notes that Xplora’s third-quarter report marks a distinct inflection in profitability, with annual recurring revenue (ARR) now covering 103% of last-12-month (LTM) service-related costs. Channel mix adjustments and new device launches have supported a structural improvement in the gross margin. Consequently, Xplora posted EBITDA of NOK71.7m—25% above Redeye’s estimate of NOK57.4m—resulting in a margin of 14%. However, top-line performance was softer than anticipated; net sales of NOK510.0m (+103% y/y) fell 6.6% short of Redeye's forecast of NOK546.0m. Redeye anticipates the share to advance 10%+ on the back of the report.
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