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X2M RELEASES ITS ANNUAL REPORT FY23

Revenue $16.2m up 56% on pcp

FY23 Snapshots

HIGHLIGHTS FROM FY23 ANNUAL REPORT

  • Revenue $16.2m up 56% *on pcp
  • Gross margin $3.8m up 64% *on pcp
  • Cashflow from operating activities -$2.3m improved by 62% *on pcp
  • Adjusted EBITDA -$4.6m improved by 25% *on pcp
  • Connected devices 429k up 75% *on pcp
  • Enterprise and government customers: 65 up 46% *on pcp

Select the link to read the full annual report:  X2M Connect FY23 Annual Report 

* pcp is previous comparative period


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