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X2M HAS DELIVERED STRONG YTD MAY FY22 GROWTH IN CONNECTED DEVICES. AND ENTERPRISE AND GOVERNMENT CUSTOMERS

Forecasts strong FY22 growth in revenue

Highlights

X2M’s strong growth continues into Q4 2022

  • Forecast FY22 Revenue: $10.1m, up 77% on previous corresponding period (pcp)
  • 10 contracted deployments in South Korea and in China : approx. $6.1 million in Revenue to be recognised in HFY23
  • Connected devices at 31 May 2021: 223,635, up 94% on pcp
  • Enterprise/government customers at 31 May 2022: 45, up 32% on pcp
  • Customer churn: Zero
  • Australian Energy Management Market entry announced. 1st customer announced

Select the link to learn more: Market Update FY22 a strong year for X2M


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