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X2M CONNECT RELEASES THE QUARTLERLY ACTIVITY REPORT FOR THE OCTOBER QUARTER

The company powers into FY23

 

HIGHLIGHTS

  • Q1 revenues of $3.8 million1, up 137% on previous corresponding period (pcp
  • Connected devices at 30 September 2022 were 292,806, up 92% on pcp
  • Enterprise/government customers increased to 52, up 41% on pcp
  • Successfully completed Accelerated Non-Renounceable Entitlement Offer, raising $3.9 million (before costs)
  • X2M is well positioned to deliver a solid FY23 result already having 23 contracts wort approximately $12.5 million in revenue expected to be recognised in the current financial year

See the full report: Quarterly Activity Report


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