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Achieving 96% revenue growth and growing gross profit by 135%


The first half of the 2023 financial year was a strong one for X2M with the Company’s strategy delivering results. Key operational metrics compared to the prior corresponding period (pcp) ended 31 December 2021 were:

  • Revenues from ordinary activities were $9.0 million, up 96% on the pcp
  • 16 new enterprise and government customers were acquired bringing the total customer base to 58, an increase of 38% on the pcp
  • Total connected devices increased to 361, 345, up 100% on the pcp

See the full report at: 1H23 half year financial report

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