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Why Did X2M Connect’s Losses Double Amid China Exit and South Korea Slowdown?
2:22am on Saturday 30th of August, 2025 AEST
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Technology
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Why Did X2M Connect’s Losses Double Amid China Exit and South Korea Slowdown?
2:22am on Saturday 30th of August, 2025 AEST
Key Points
Revenue from continuing operations fell 43% to $6.5 million
Gross margin improved to 47% despite revenue decline
Adjusted EBITDA loss increased 19% to $3.6 million
China operations discontinued, contributing to $0.8 million loss
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X2m Connect (ASX:X2M)
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