middle.news
X2M Connect Advances SaaS Pivot Amid Revenue Decline and New Market Moves
5:59pm on Sunday 1st of June, 2025 AEST
•
Technology
Read Story
X2M Connect Advances SaaS Pivot Amid Revenue Decline and New Market Moves
5:59pm on Sunday 1st of June, 2025 AEST
Key Points
Revenue fell 51% to $1.7 million due to exit from low-margin hardware sales
Operating costs reduced by 36%, adjusted EBITDA loss improved by 25%
Connected devices grew 5% to 544,910; enterprise/government customers up 10%
New partnerships launched in Middle East and renewable energy sector in Taiwan
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
X2m Connect (ASX:X2M)
OPEN ARTICLE