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About X2M Connect
Its shares trade on ASX under the ticker X2M.AX. It has been listed since 22 September 2021. In the fiscal year to 30 June 2026, it reported revenue of A$8.9m and a net loss of A$5.3m. At that date it held total assets of A$5.8m and shareholders' equity of −A$3.2m.
X2M Connect Ltd. is a technology company engaged in the Internet of Things business for water, gas, electricity and other utilities industries. The company is headquartered in Melbourne, Victoria. The company went IPO on 2021-09-22. The firm has developed and commercialized a patented Internet of Things (IoT) solution, which delivers productivity improvements, cost savings, and public safety to enterprise and government clients in the utilities sector. The Company’s technology connects devices, such as water, gas, and electricity meters, and other utility sensors, to the Internet, enabling data exchange and the remote control of these devices. The firm sells hardware and monthly subscription fees under software-as-a-service arrangement. The company has approximately 390,000 devices connected to its IoT platform and distributed intelligence solution, which provides real-time information and control to a steadily increasing customer base operating over multiple radio technologies. The firm is focused on servicing the utility sector in the Asia-Pacific region, where it has a number of government and enterprise customer relationships already in place.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Information Technology
- Industry
- Electronic Equipment, Instruments & Components
- Listed since
- 22 Sept 2021
- Website
- x2mconnect.com ↗
Leadership
Pay as last reported
- Hon. Alan Stockdale AoIndependent Chairman of the BoardA$116,984
- Mr. Mohan JesudasonChief Executive Officer, Managing Director, Executive DirectorA$2.6m
- Mr. Oliver CartonCompany Secretary
- Mr. Damien JohnstonNon-Executive Independent DirectorA$67,066
- Mr. John StewartNon-Executive Independent DirectorA$63,720
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- X2M Connect Ltd has 390,000 connected devices in its IoT platform for utilities sector.
- The company's patented IoT solution improves productivity and cost savings for government and enterprise clients.
- X2M Connect Ltd focuses on Asia-Pacific utility sector with established government and enterprise relationships.
Weaknesses
- X2M Connect Ltd is listed on 22 September 2021 with limited historical data for analysis.
- The company operates in the Electrical Equipment industry within Information Technology sector.
- X2M Connect Ltd's IoT platform uses multiple radio technologies for device connectivity.
Opportunities
- X2M Connect Ltd can expand its IoT solutions to new utility sectors in Asia-Pacific region.
- The company's software-as-a-service model offers recurring revenue from monthly subscriptions.
- X2M Connect Ltd has potential to grow its customer base with real-time data capabilities.
Threats
- X2M Connect Ltd faces competition from other IoT providers in the utilities sector.
- The company's reliance on multiple radio technologies may lead to compatibility issues.
- X2M Connect Ltd's focus on Asia-Pacific region could limit global market expansion.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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