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XPLR issued a press release on January 28, 2025, reporting its financial results for the fourth quarter and full year 2024. Among other items, XPLR reported revenue of $294 million, missing consensus estimates by $56.95 million, as well as earnings per share of -$1.08, compared to consensus estimates of $0.85. XPLR also announced the appointment of Alan Liu as the Company’s new Chief Executive Officer.
Following this news, XPLR’s stock price fell sharply during intraday trading on the same day.