Company X2M Connect Limited

Equities

X2M

AU0000168676

IT Services & Consulting

Market Closed - Australian S.E. 10:28:59 03/05/2024 am IST 5-day change 1st Jan Change
0.047 AUD +4.44% Intraday chart for X2M Connect Limited -7.84% +17.50%

Business Summary

X2M Connect Limited is an Australia-based technology company. The Company has developed and commercialized a patented Internet of Things (IoT) solution, which delivers productivity improvements, cost savings, and public safety to enterprise and government clients in the utilities sector. The Company’s technology connects devices, such as water, gas, and electricity meters, and other utility sensors, to the Internet, enabling data exchange and the remote control of these devices. The Company sells hardware and monthly subscription fees under software-as-a-service arrangement. It has approximately 390,000 devices connected to its IoT platform and distributed intelligence solution, which provides real-time information and control to a steadily increasing customer base operating over multiple radio technologies. The Company is focused on servicing the utility sector in the Asia-Pacific region, where it has a number of government and enterprise customer relationships already in place.

Number of employees: 56

Sales per Business

AUD in Million2022Weight2023Weight Delta
Hardware
92.0 %
9 85.6 % 15 92.0 % +67.63%
Software as a Service and Maintenance
7.1 %
1 11.1 % 1 7.1 % +0.12%
Professional Service
0.9 %
0 3.3 % 0 0.9 % -55.64%

Sales per region

AUD in Million2022Weight2023Weight Delta
South Korea
64.5 %
6 59.5 % 10 64.5 % +69.21%
China
26.9 %
3 31.7 % 4 26.9 % +32.58%
Taiwan
5.1 %
0 2.9 % 1 5.1 % +179.70%
Other
3.4 %
1 5.9 % 1 3.4 % -9.65%

Managers

Managers TitleAgeSince
Chief Executive Officer - -
Chief Operating Officer - -
Corporate Secretary - 30/21/30

Members of the board

Members of the board TitleAgeSince
Chief Executive Officer - -
Director/Board Member 61 08/21/08
Director/Board Member 54 08/21/08

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 228,521,905 117,294,166 ( 51.33 %) 0 51.33 %

Shareholders

NameEquities%Valuation
Greenrock Energy Co. Ltd.
12.10 %
32,258,065 12.10 % 883 871 $

Company contact information

X2M Connect Ltd.

549 Blackburn Road Level 3

3149, Mt. Waverley

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http://x2mconnect.com
address X2M Connect Limited(X2M)
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