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X2M RELEASED QUARTERLY ACTIVITY REPORT

Achieving 56% revenue growth for FY23

  • Total revenues for FY23 were $16.2 million, up 56% on the previous corresponding period (pcp)
  • 4Q23 revenues of $3.1 million, down 28% on the pcp (largely due to a strong 4Q22)
  • Net cash flow from operating activities for 4Q23 of $0.1 million
  • Total operating cash burn for the year was $2.3 million, down 62% on the pcp

See the full report: Quarterly Activity Report for the June quarter


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