Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest update is out from X2M Connect Limited ( (AU:X2M) ).
X2M Connect reported unaudited first-half FY26 revenue of $4.9 million, up 45% year on year, with gross profit rising 35% to $2.1 million and an improved adjusted EBITDA loss of $1.2 million. The company is shifting its mix toward higher-margin SaaS and maintenance services, while maintaining growth in core utility markets and increasing sales of new products.
The group expanded its enterprise and government customer base to 88 and secured about $4 million in contracted revenue expected to be recognised in FY26, enhancing second-half visibility. Operationally, X2M won multiple new and repeat water digitisation contracts in South Korea, entered Japan’s water digitisation market through a partnership with Azbil Kimmon, and began deploying 30,000 HelpMe public safety devices under a 100,000-unit contract, strengthening its position in APAC smart city infrastructure.
The most recent analyst rating on (AU:X2M) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on X2M Connect Limited stock, see the AU:X2M Stock Forecast page.
More about X2M Connect Limited
X2M Connect Limited is an Australian Internet of Things technology company listed on the ASX that focuses on digitising utilities and supporting smart city initiatives across the Asia-Pacific region. Its primary offerings include IoT platforms, software and maintenance services for municipal water and gas networks, as well as public safety devices for enterprise and government customers.
Average Trading Volume: 1,813,110
Technical Sentiment Signal: Sell
Current Market Cap: A$7.09M
For an in-depth examination of X2M stock, go to TipRanks’ Overview page.