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X2M Connect Limited ( (AU:X2M) ) has issued an update.
X2M Connect Limited has strategically refocused its operations to enhance profitability and expand its market presence, exiting unprofitable ventures and reducing operating costs. The company has launched new products and expanded into the Middle East, strengthening its position in the IoT sector. With significant contract wins and a healthier balance sheet, X2M is poised to capitalize on the growing demand for real-time data and AI-driven solutions. The company is expanding its offerings in key markets like South Korea, Japan, Taiwan, and the UAE, aiming to drive growth and deliver value to its stakeholders.
More about X2M Connect Limited
X2M Connect Limited is an Australian technology company specializing in Internet of Things (IoT) solutions for critical infrastructure sectors such as water, gas, and energy. The company serves enterprise and government customers across Asia and the Middle East, leveraging its scalable platform to enhance decision-making and efficiency through AI and machine learning applications.
Average Trading Volume: 1,627,612
Technical Sentiment Signal: Sell
Current Market Cap: A$12.16M
Learn more about X2M stock on TipRanks’ Stock Analysis page.