HIGHLIGHTS
- Revenues from ordinary activities were $7.5 million, down 17% on the pcp as X2M exits low margin hardware sales
- Gross profit $2.8 million, up 26% on the pcp
- Operating expenditure, excluding capital raising costs, was $4.6 million, down by 3% on the pcp
- 1H24 cash burn from operating activities was $0.4 million, an improvement of 57% on the pcp
- 15 new enterprise and government customers were acquired bringing the total customer base to 73, an increase of 26% on the pcp
- Connected devices 520,417, up 44% on the pcp
For the full announcement see X2M Connect Half Year Financial Report
