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X2m Connect(ASX) X2M

Current PriceA$0.00
Market CapA$6.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-98%
5 YearN/A
1 Year-73%
1 Month-20%
X2m Connect last closing stock price
MetricPriceDate
Last closeAUD 0.002026-07-24
X2m Connect stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-20%AUD 0.012026-07-17
1 month-20%AUD 0.012026-06-24
3 month+0%AUD 0.002026-04-24
Year to date-50%AUD 0.012025-12-31
1 year-73.33%AUD 0.022025-07-24
3 year-92%AUD 0.052023-07-25
Since inception-98.3%AUD 0.242021-09-22

X2m Connect Financials at a Glance

Market Cap

A$6.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

A$17.50M

Net Income (TTM)

-A$19.47M

EPS (TTM)

-A$0.03

P/E Ratio

-0.15

Dividend

A$0.00

Beta (Volatility)

0.26 (Low)

Price

A$0.00

Volume

23,702,589

Open

A$0.00

Previous Close

A$0.00

Daily Range

A$0.00 - A$0.00

52-Week Range

A$0.00 - A$0.02

Estimated Earnings Date

Sep 2, 2026

X2M News

No articles available.

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About X2m Connect

X2M Connect Limited is a technology firm based in Mount Waverley, Australia, specializing in advanced Internet of Things (IoT) solutions for the utility sector across the Asia-Pacific region. Established in 2019, the company focuses on creating proprietary technology that facilitates internet connectivity between critical infrastructure devices, such as water meters and gas pressure sensors, enabling efficient data communication and remote operational control.

Products and Services
  • IoT solutions for utility management
  • Proprietary technology for device connectivity
  • Remote operational control systems
Growth Outlook
  • Revenue increased to AUD 4.9 million in the latest quarter
  • Strong demand for IoT solutions in the utility sector
  • Expansion plans targeting broader Asia-Pacific markets
Financial Highlights
  • Trailing twelve months revenue of AUD 18.5 million
  • Net income loss reduced to AUD 3.3 million in the latest quarter
  • Cash and cash equivalents at AUD 1.9 million as of last quarter
X2M Connect Limited is positioned in a growing market, with increasing demand for IoT solutions in the utility sector. The recent quarterly revenue of AUD 4.9 million reflects a positive trend, indicating potential for future growth. The company is actively pursuing expansion opportunities in the Asia-Pacific region, which may further enhance its market presence. Despite facing challenges, the reduction in net income loss suggests improved operational efficiency. With a solid cash position, X2M Connect Limited is well-equipped to navigate its growth strategy and capitalize on emerging opportunities in the IoT landscape.
AI Generated • Jul 24, 2026

Industry

Electronic Equipment, Instruments and Components

Employees

54

CEO

Mohan C. Jesudason

Headquarters

Mount Waverley, VIC 3149, AU

X2M Financials

Key Financial Metrics (TTM)

Gross Margin

-15.95%

Operating Margin

-64.90%

Net Income Margin

-163.21%

Return on Equity

209.30%

Return on Capital

N/A

Return on Assets

-273.34%

Earnings Yield

-6.67%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

A$6.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

1.57B

Volume

23.70M

Avg. Volume

7.03M

Financials (TTM)

Gross Profit

-A$2.63M

Operating Income

-A$9.24M

EBITDA

-A$13.33M

Operating Cash Flow

-A$4.75M

Capital Expenditure

-A$14.55K

Free Cash Flow

-A$4.76M

Cash & ST Invst.

A$1.91M

Total Debt

A$2.45M

X2m Connect Performance Analysis

X2m Connect annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-06-30AUD 10,387,638N/A
20232023-06-30AUD 16,213,08956.1%
20242024-06-30AUD 11,274,271-30.5%
20252025-06-30AUD 6,472,894-42.6%
X2m Connect sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-06-30-21.2%
Q22024-12-31-39.0%
Q42025-06-30-14.1%
Q22025-12-3158.5%
X2m Connect annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-06-30AUD -0.06N/A
20232023-06-30AUD -0.03-46.3%
20242024-06-30AUD -0.03-26.0%
20252025-06-30AUD -0.0336.0%
X2m Connect sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42024-06-3029.0%
Q22024-12-3119.1%
Q42025-06-30-148.3%
Q22025-12-3182.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

A$4.90M

-34.5%

Gross Profit

-A$566.77K

+41.1%

Gross Margin

-11.56%

N/A

Market Cap

A$6.26MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

A$122.81K

N/A

Employees

51

N/A

Net Income

-A$3.25M

+0.7%

EBITDA

-A$1.89M

+11.6%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

A$1.91M

-34.6%

Total Debt

A$2.45M

-46.4%

Accounts Receivable

A$1.44M

-64.2%

Inventory

A$76.11K

-72.9%

Long Term Debt

A$696.10K

-60.9%

Short Term Debt

A$1.76M

-37.2%

Return on Assets

-2.73%

N/A

Return on Invested Capital

1.60%

N/A

Free Cash Flow

A$100.48K

+105.5%

Operating Cash Flow

A$106.99K

+125.7%

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Questions About X2M

What is the current price of X2m Connect?

X2m Connect is trading at A$0.00 per share.

What is the 52-week range for X2m Connect?

Over the past 52 weeks, X2m Connect has traded between A$0.00 and A$0.02.

How much debt does X2m Connect have?

As of the most recent reporting period, X2m Connect reported total debt of A$7.44M.

How much cash does X2m Connect have on hand?

X2m Connect reported A$1.69M in cash and cash equivalents in its most recent financial results.

What is X2m Connect’s dividend yield?

X2m Connect does not currently have a dividend yield.

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